Trade
Vietnam has been a big beneficiary of global trade — Trump’s new tariffs threaten to derail that
Boats in the harbor of Mui Ne, Vietnam, on March 8, 2023. Alexandra Schuler | Picture Alliance | Getty Images Vietnam has long been viewed as a successful example of embracing external trade, luring some of the largest companies in the world to establish hubs to manufacture everything from footwear to electronic products that grace […]
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European markets set to open higher as tariff tensions rage on
European markets were set to start Tuesday’s trading day in positive territory after a four-day losing streak as red-hot tariff tensions rage on around the world. Stocks sank Monday, with the pan-European Stoxx 600 ending the day around 4.5% lower. This marked its lowest closing level since January 2024. Key regional indices including the U.K.’s […]
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Defense stocks abruptly stem losses as Trump’s tariffs wreak havoc on global markets
Armin Papperger, Chairman of the Executive Board of Rheinmetall AG, stands at the annual press conference at Group headquarters. Picture Alliance | Picture Alliance | Getty Images European defense giants whipsawed on Monday, abruptly paring losses as investors continue to grapple with a broad stock market downturn. U.S. President Donald Trump showed no signs of […]
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Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research. Zhang Xiaoyu | Xinhua News Agency | Getty Images Investors are flocking to safe […]
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Commerce Secretary Lutnick doesn’t back down in face of market sell-off: ‘The tariffs are coming’
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters The Trump administration will remain steadfast in its reciprocal tariffs on major U.S. trading partners even in the face […]
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Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’
Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%. The founder of Duquesne Family Office has been consistent in opposition to the U.S. imposing tariffs above 10% […]
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Market crash not part of Trump’s strategy, says top White House economic advisor
White House economic adviser Kevin Hassett stands next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters A crashing stock market is not part of an intentional strategy by President Donald Trump, White House National Economic Council director Kevin Hassett […]
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EU seeks unity in first strike back at Trump tariffs
European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting in Frankfurt, Germany September 12, 2024. Jana Rodenbusch | Reuters European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump’s tariffs, likely […]
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British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs
Vehicles outside a Land Rover dealership in Tucson, Arizona, US, on Tuesday, April 1, 2025. Bloomberg | Bloomberg | Getty Images British carmaker Jaguar Land Rover said it will pause U.S. shipments for a month as it assesses the impact of U.S. President Donald Trump’s tariffs on vehicle imports. It comes as disruption from the […]
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U.S. starts collecting Trump’s new 10% tariff, smashing global trade norms
Containers are pictured at an industrial port in Tokyo, Japan April 2, 2025. REUTERS/Kim Kyung-Hoon Kim Kyung-hoon | Reuters U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week. The initial […]
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