Trade
China’s Xi says ‘protectionism will lead nowhere’ as he starts Southeast Asia outreach amid tariff worries
Vietnam’s Prime Minister Nguyen Xuan Phuc, 4th right, and Chinese President Xi Jinping, left, attend the meeting at the Great Hall of People on April 25, 2019 in Beijing, China. Pool | Getty Images News | Getty Images Chinese President Xi Jinping said that there are no winners in a trade war and warned against […]
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Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’
Ray Dalio, founder of Bridgewater Associates LP, speaks at the Abu Dhabi Finance Week (ADFW) conference in Abu Dhabi, United Arab Emirates, on Tuesday, Dec. 10, 2024. Bloomberg | Bloomberg | Getty Images Bridgewater founder Ray Dalio said on Sunday that he is worried that the turmoil resulting from President Donald Trump’s tariff and economic […]
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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. […]
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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, […]
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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 […]
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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 […]
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Taiwan holds first tariff talks with United States
The Taiwan Semiconductor Manufacturing Co. (TSMC) building at the Central Taiwan Science Park in Taichung, Taiwan, on Friday, April 8, 2022. Bloomberg | Bloomberg | Getty Images Taiwan officials held their first tariff talks with U.S. officials on Friday, with both sides looking forward to further discussions soon, the island’s government said on Saturday. While […]
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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 […]
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Trump advisor Peter Navarro hypes stocks a day after calling tariff-driven plunge ‘no big deal’
Senior trade adviser Peter Navarro attends an interview with CNN, at the White House, in Washington, D.C., U.S., April 10, 2025. Evelyn Hockstein | Reuters President Donald Trump’s trade advisor Peter Navarro on Friday encouraged Americans to buy stocks one day after dismissing a steep market drop fueled by fears of a tariff-induced slowdown as […]
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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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