Month: April 2025
Walmart pulls quarterly operating income forecast, citing Trump’s tariffs
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images DALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across […]
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China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump
Chinese President Xi Jinping attend the closing of the Third Session of the 14th National People’s Congress (NPC) at the Great Hall of the People on March 11, 2025 in Beijing, China. Lintao Zhang | Getty Images China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on […]
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China to raise reciprocal tariffs on U.S. goods to 84%
The Chinese flag flies in Tiananmen square, as seen from the Great Hall of the People where meetings of the National People’s Congress continued in Beijing on March 6, 2025. Greg Baker | Afp | Getty Images China on Wednesday said it would increase its reciprocal tariffs on U.S. goods to 84% from 34% previously, […]
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Europe unveils plan to become ‘AI continent’ with simpler rules, more infrastructure
The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act. Jaque Silva | Nurphoto | Getty Images The European Union on Wednesday presented a plan to boost its artificial intelligence industry and help it compete more aggressively with the U.S. and China, following […]
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Delta CEO says Trump’s trade war is hurting bookings as airline axes 2025 flight growth plans
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Delta Air Lines won’t expand flying in the second half of the year because of disappointing bookings amid President Donald Trump’s shifting trade policies, which CEO Ed Bastian called “the wrong approach.” […]
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China says it will continue to take ‘resolute and forceful’ countermeasures as U.S. tariffs kick in
04 March 2025, China, Peking: Lin Jian, a spokesman for the Chinese Foreign Ministry, answers questions from journalists. Johannes Neudecker | Picture Alliance | Getty Images China’s foreign ministry reiterated Wednesday that Beijing will take “resolute and forceful” measures to protect its own interests, after net total tariffs of 104% on Chinese imports into the […]
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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019. Bernd von Jutrczenka | picture alliance | Getty Images DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of […]
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European stocks plunge 2.6% at the open as Trump’s reciprocal tariffs take effect
European stocks opened lower on Wednesday, with markets struggling to maintain the positive momentum of the previous session as the U.S.’ country-specific tariffs started taking effect. The pan-European Stoxx 600 index was 2.55% lower shortly after the opening bell, with all sectors and major bourses firmly in negative territory. Regional banking, mining and oil and […]
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Businesses face a sobering reality: Under Trump’s tariff plan, reducing reliance on China won’t be easy
Aerial view of a container cargo ship at a port terminal in Thailand Mr.cole_photographer | Moment | Getty Images Many companies had been steadily reducing their reliance on China as a manufacturing hub since President Donald Trump’s first term, hoping to blunt the impact of punitive levies from the United States. Then his latest “reciprocal” […]
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World’s first-ever global emissions tax is on the table at crunch shipping talks
Aerial view of containers for export sitting stacked at Qingdao Qianwan Container Terminal on April 5, 2025 in Qingdao, Shandong Province of China. Vcg | Visual China Group | Getty Images The United Nations shipping agency is on the cusp of introducing binding regulations to phase out fossil fuel use in global shipping — with […]
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