Trade
U.S. firms scramble to secure rare-earth magnets — imports from China surge 660%
Annealed neodymium iron boron magnets sit in a barrel at a Neo Material Technologies Inc. factory in Tianjin, China on June 11, 2010. Bloomberg | Bloomberg | Getty Images China’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get […]
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Japan PM laments ‘harsh’ election result as upper house control slips
Shigeru Ishiba, Japan’s Prime Minister and president of the ruling Liberal Democratic Party (LDP), listens to a question from a journalist at the LDP headquarters, on the day of Upper House election, in Tokyo on July 20, 2025. Franck Robichon | Via Reuters Japan’s shaky ruling coalition is likely to lose control of the upper […]
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Bangladesh signs U.S. wheat-import deal in bid to curb tariff pressure
Field of wheat in central Kansas is nearly ready for harvest. Ricardo Reitmeyer | Getty Images Bangladesh signed a deal on Sunday to import 700,000 metric tons of wheat annually from the United States over the next five years, in a move aimed at securing tariff relief from the Trump administration amid growing trade tensions, […]
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Trump pushes for 15-20% minimum tariffs on European Union: FT
US President Donald Trump speaks during a meeting with Bahraini Crown Prince Salman bin Hamad al-Khalifa in the Oval Office of the White House in Washington, DC, on July 16, 2025. Andrew Caballero-Reynolds | AFP | Getty Images U.S. President Donald Trump is demanding a minimum of 15-20% tariffs on imports from the European Union, […]
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How the EU is preparing to reach a tariff deal in Trump’s game of chicken
U.S. President Donald Trump speaks to the media as he departs the White House on July 15, 2025 in Washington, DC. Anna Moneymaker | Getty Images The U.S. has doubled down on its plan to impose 30% tariffs on the European Union next month, seeking to ramp up pressure on the bloc to reach a […]
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The impact of tariffs is starting to show up in Europe’s company earnings
Earnings season has kicked off in Europe , and the impact of U.S. tariffs are beginning to show up in the hard numbers. That has now made analyst consensus — which just last week predicted a mild 0.2% dip in profits for companies on the Stoxx Europe 600 index — forecast a 0.7% year-over-year decline, according […]
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Japan’s core inflation cools in June as expected, coming down from 29-month high as rice prices ease
A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh […]
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Swiss pharma giant Novartis bets on a breast cancer blockbuster as sales rise
Boxes of tablets, produced by Novartis AG, sit on a pharmacy counter. Bloomberg | Bloomberg | Getty Images Swiss pharmaceutical firm Novartis said Thursday that it expects its Kisqali breast cancer treatment to be the next blockbuster drug within its portfolio, as it looks to shift reliance away from its Entresto heart failure therapy. Sales of Kisqali, […]
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Japan’s exports fall for second straight month with no U.S. trade deal in sight, raising recession fears
New Isuzu Motors Ltd. trucks bound for shipment at a port in Yokohama, Japan, on Sunday, July 13, 2025. Bloomberg | Bloomberg | Getty Images Japan’s exports in June contracted 0.5% year over year, extending the 1.7% drop seen in May as deliveries continued to decline for the second straight month. The decrease in exports […]
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Expect tariff ‘cascade’ effect across slowing global economy, top UN official warns
The leading arm of the United Nations’ organization focused on trade and development, UNCTAD, said President Trump’s tariff policies are already creating new costs and disruptions in the global supply chain, and for less developed nations that trade with the U.S., the worst economic fallout hasn’t hit yet. “We already see a disruption in the […]
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