Breaking News: Economy
China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs
China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China. “We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its […]
Read More
Japan policymaker wants stronger yen, says Tokyo shouldn’t sell Treasuries
View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images TOKYO, April 13 (Reuters) – Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. […]
Read More
Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses
Container vessels and shipping containers at Yangshan Deep-Water Port on Oct. 18, 2024, in Shanghai, China. Vcg | Visual China Group | Getty Images Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners, […]
Read More
Trump exempts phones, computers, chips from new tariffs
Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection. The guidance comes after Trump earlier this month imposed 125% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which make most of […]
Read More
Investors are growing concerned about a U.S. asset exodus as Treasuries and the dollar decline
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images The April sell-off for financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing […]
Read More
How China used Vietnam to evade higher U.S. tariffs
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
Read More
Bank of England’s Greene says dollar drop adds to tariff inflation puzzle
Bank of England interest rate-setter Megan Greene said on Saturday it was unclear what U.S. President Donald Trump’s import tariffs would do to UK inflation with the unpredictable behaviour of the dollar adding to the puzzle. Higher barriers to trade were likely to weigh on economic growth in countries in Europe, Greene said during a […]
Read More
10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield climbed higher Friday, adding to its steep weekly rise, as dizzying trade moves by President Donald Trump caused investors to dump U.S. assets in favor of other global safe havens. The benchmark 10-year Treasury yield advanced more 10 basis points to 4.495%. It earlier jumped to its highest level since Feb. 13. The 2-year […]
Read More
Trump tariff collection for freight shipments delayed by Customs ‘glitch’
An alert from U.S. Customs and Border Protection on Friday notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this week’s whipsaw in tariffs policy, and any trade from nations now under the 90-day […]
Read More
Stocks making the biggest moves midday: Frontier Group, JPMorgan, Apple, Stellantis, BlackRock and more
Check out the companies making headlines in midday trading. Frontier Group — Shares plunged 11% after the airline cut its first-quarter outlook and pulled its full-year outlook, citing weaker-than-expected demand and economic uncertainty. Stellantis — Stellantis shares dipped about 1% after the company said its global shipments fell to 1.2 million vehicles in the first […]
Read More