World
Tesla stops taking new orders in China for two imported, U.S.-made models: Reuters
A Tesla Model S at a charging station in Beijing, China. Meghan Reeder | CNBC Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world’s two largest economies exchange blows in a trade war. Both models are made in the […]
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UN shipping agency strikes deal on fuel emissions, pollution fees
A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9 2025. Shannon Stapleton | Reuters Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that […]
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Why Trump’s tariffs won’t push China and Europe closer
The flags of the European Union (L) and China stand side by side at the Chancellery on June 20, 2023 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images China and the European Union are unlikely to become close allies quickly, analysts say, even as U.S. President Donald Trump’s tariffs sour relations […]
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Danish shoppers boycott U.S. products as Greenland — and trade — tensions escalate
Passers-by walk along Nyhavn, the harbour with its colourful little houses popular with tourists. Picture Alliance | Getty Images COPENHAGEN, Denmark — Incensed by President Donald Trump’s posturing over Greenland and sweeping trade tariffs, Danish shoppers are turning their backs on American products in a show of national protest. The small European nation and longtime […]
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China strikes back with 125% tariffs on U.S. goods, starting April 12
U.S. and Chinese flags and a “125% tariffs” label are seen in this illustration taken April 10, 2025. Dado Ruvic | Reuters China has retaliated against the U.S. President Donald Trump’s reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, Customs Tariff Commission of the State Council said in a statement on Friday. […]
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European stocks rise slightly at the open as tariff-triggered volatility persists
European stock markets opened slightly higher in early trade on Friday as a volatile week for shares nears its end and concerns about a trade war between the U.S. and China persist. The pan-European Stoxx 600 opened up 0.4%, with the U.K.’s FTSE 100 inching up by 0.5%, while Germany’s Dax and France’s CAC 40 […]
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UK economy expands by 0.5% in February, more than expected
People browsing stalls along Portobello Road Market on Feb. 22, 2025, in Notting Hill, West London. Mike Kemp | In Pictures | Getty Images The U.K. economy grew by a higher-than-expected 0.5% month-on-month in February amid a jump in the services output, official data showed on Friday. Analysts had projected a monthly gross domestic product […]
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CNBC Daily Open: Cool CPI is of no comfort to investors as stock rally peters out
A trader works during the closing bell on the floor of the New York Stock Exchange on April 10, 2025. Jeenah Moon | Reuters Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index […]
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China unlikely to aggressively devalue yuan to offset impact of U.S. tariffs, economists say
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told CNBC. […]
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How China’s exporters are scrambling to mitigate the impact of punishing U.S. tariffs
A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images BEIJING — U.S. has raised tariffs on Chinese imports to triple digits. For China’s exporters, it means raising prices for […]
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