Politics
Trump’s China Tariff Deal Is About to Come Back to Bite Him
The president’s tariffs on China appear to have backfired. Last week, Treasury Secretary Scott Bessent announced that U.S. tariffs on…
Tag
tariff
Politics
Europe: Stocks rise after Trump strikes tariff deal with UK
European shares ended higher on Thursday (May 8) after US President Donald Trump announced a trade deal with Britain to lower tariffs, the…
Politics
Trump and Starmer call trade deal 'historic,' but questions remain
WASHINGTON — A trade deal with the United Kingdom announced by the White House on Thursday marked the first of its kind since President…
Politics
Trump says U.K. is first trade deal under his tariff plan
President Trump said Thursday the U.S. struck a trade deal with the U.K. that would "cement" the countries' relationship for years to…
Business
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
Business
Singapore stocks end lower as investors keep eye on tariff negotiations; STI down 0.4%
Local stocks ended lower on Thursday (May 8), as investors kept their eyes on tariff deal negotiations after the US central bank…
Business
Bank Negara Malaysia holds rate at 3% amid output growth, flags tariff risks
Malaysia’s central bank kept its key interest rate steady at 3 per cent on Thursday (May 8), opting for policy stability amid resilient…
Politics
Maersk cuts global container market outlook on tariff war
Maersk sees global container volume market in the range of 1% decline to growth of 4% this year Danish container giant AP Moller-Maersk…
News
Toyota warns of profit drop as tariff chaos threatens carmakers
Toyota Motor is bracing itself for a bumpy year, with the Japanese carmaker warning of a slump in profit as global manufacturers scramble…
Business
Fed maintains interest rates but warns of 'uncertainty' amid tariff turmoil
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily…
Politics
Transcript: Trump’s Tariff Tirade Reveals How Badly He’s Screwing MAGA
Donald Trump (audio voiceover): Just to finish, we also have a situation because everyone says, When? When? When are you going to sign…
Politics
Trump’s Odd New Tariff Musings Show How Badly He’s Screwing His Voters
Thanks to President Trump’s policies, a confluence of events is set to absolutely clobber rural America. First there’s Trump’s trade war.…
Politics
Temu, Shein see US sales drop in week after tariff price hikes
Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US…
Politics
Rivian cuts EV delivery outlook, sees tariff impact
Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President…
Business
US: Wall St opens lower on fresh tariff threats
Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened…
Politics
India and UK Strike Trade Deal Amid Trump’s Tariff Upheaval
Britain and India agreed to a trade deal on Tuesday, strengthening economic ties between two of the world’s largest economies amid…
Politics
How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American…
Business
Asia: Dollar recovers some losses, stocks gain as traders eye tariff deals
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose…
Politics
Scott Bessent kicks off Milken bash by doubling down on Trump agenda
Treasury Secretary Scott Bessent kicked off Michael Milken’s annual financial bash in Beverly Hills by doubling down on President Trump’s…
Politics
Trump threatens a 100% tariff on foreign-made films, saying the movie industry in the U.S. is dying
President Trump is opening a new salvo in his tariff war, targeting films made outside the U.S. Source link
Business
Audi keeps outlook after Q1 sales rise, but tariff impact not included
Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not…
Politics
Trump Says He Will Put 100% Tariff on Movies Made Outside U.S.
President Trump said he would impose a 100 percent tariff on movies “produced” outside the United States, proclaiming in a social media…
Politics
Trump announces 100% tariffs on movies made overseas
Looking to boost the production of Hollywood movies in the U.S., President Trump on Sunday announced a new 100% tariff applied on films…
Business
Indonesia seen to cut rate twice this year amid US tariff talks
Indonesia’s central bank is expected to resume monetary easing after holding its rate unchanged for three consecutive meetings, moving to…