Trade
TSMC is confident its CHIPS Act funding will continue under Trump, says CFO Wendell Huang
TSMC Arizona’s first chip fab on November 7, 2024 Katie Tarasov U.S. President-elect Donald Trump has accused Taiwan of “stealing” his country’s chip industry. But Taiwan’s biggest chip company is confident the Trump administration will continue funding its projects in the U.S. Taiwan Semiconductor Manufacturing Co has been promised $6.6 billion under the Joe Biden […]
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Trump and China’s Xi discuss TikTok, trade, fentanyl, president-elect says
President Donald Trump talks with Chinese President Xi Jinping as Xi arrives for dinner at the start of their summit at Trump’s Mar-a-Lago estate in West Palm Beach, Florida, U.S. April 6, 2017. Carlos Barria | Reuters President-elect Donald Trump said he spoke on the phone with Chinese President Xi Jinping on Friday about TikTok, […]
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The BRICS bloc is growing — and Trump’s tariff threat isn’t expected to put off aspiring members
Family photo of leaders taken at the 16th BRICS Summit in Kazan, Russia on Oct. 24, 2024. Anadolu | Anadolu | Getty Images President-elect Donald Trump has pledged a 100% tariff against BRICS nations if they continue to undermine the U.S. dollar — but the threat won’t rein in the group’s expansion, analysts tell CNBC. […]
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China’s shipbuilding dominance hurts U.S. and is ‘actionable,’ says U.S. Trade Representative
YANTAI, CHINA – JANUARY 12: Two offshore drilling rigs undergo maintenance at berths inside a shipyard on January 12, 2025 in Yantai, Shandong Province of China. In 2024, China consolidated its lead position in global shipbuilding industry, taking two thirds of orders, according to a report by Clarksons Research. (Photo by Tang Ke/VCG via Getty […]
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Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief
If President-elect Donald Trump follows through with his threat to impose tariffs on Canadian goods, Ottawa is prepared to retaliate with levies that could take aim at the energy sector, Canada’s minister of international trade, Mary Ng, said Thursday. “Everything is on the table,” Ng told global markets reporter Seema Mody on CNBC’s “Squawk on […]
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Trump says he’ll create ‘External Revenue Service’ to collect tariffs, foreign revenue
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump on Tuesday said he will create an “External Revenue Service” to collect “Tariffs, Duties and all Revenue from Foreign sources.” Trump did not give any further details about the proposed government entity. […]
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Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and a machinist strike in the […]
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Trump could declare national economic emergency to justify universal tariffs, CNN reports
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump is contemplating calling a national economic emergency to implement his wide-reaching tariff policies, four sources familiar with the matter told CNN. A declaration of this nature will give Trump power to create […]
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Indian stocks will benefit from the Trump 2.0 era, portfolio manager says
Investors eyeing up firms with the potential to become the “blue chip companies of the future” should look to India, according to GIB Asset Management’s Kunal Desai. The portfolio manager said India’s geopolitical positioning is “favorable in this Trump 2.0 era” as investors assess the country’s ability to take advantage of a possible trade war […]
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A year after Boeing’s door plug accident, the aircraft giant faces a steep road to recovery
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Via Reuters Boeing is embarking on another rebuilding year. A year ago, the company was thrust back into the spotlight for concerns over safety and quality when a fuselage panel that covered an unused emergency […]
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