United States
India isn’t flinching: Why Trump might be misreading India’s tariff playbook
US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Andrew Caballero-Reynolds | Afp | Getty Images India’s stock market showed little sign of panic a day after the U.S. announced a 50% tariff on […]
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Trump’s ‘reciprocal’ tariffs come into effect, hitting dozens of U.S. trading partners
U.S. President Donald Trump speaks to reporters ahed of boarding Marine One to depart for New Jersey, at the White House in Washington, D.C., U.S., August 1, 2025. Jonathan Ernst | Reuters U.S. President Donald Trump’s so-called “reciprocal” tariffs took effect on Thursday, imposing higher duties on many of the country’s trading partners’ exports to […]
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Maersk CEO flags strong demand ‘pretty much everywhere’ except for the U.S. as outlook raised
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Thursday posted stronger-than-expected second-quarter operating profit, citing continued focus on operational improvements despite unprecedented geopolitical volatility. The company, widely considered a barometer of global trade, reported […]
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Trump’s ‘100% chip tariffs’ hit Japan’s giants, but Samsung and TSMC rise on U.S. bets
Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.” Details on how much domestic manufacturing is required to qualify for the exemption remain unclear. Japanese semiconductor manufacturer Tokyo Electron fell over […]
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Apple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factory
Apple CEO Tim Cook, left center, escorts President Donald Trump as he tours Apple’s Mac Pro manufacturing plant in Austin, Texas, Nov. 20, 2019. Tom Brenner | Reuters Apple CEO Tim Cook and President Donald Trump announced on Wednesday announced it will spend an additional $100 billion on U.S. companies and suppliers over the next […]
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E.l.f. Beauty’s profits fall 30% as China tariffs weigh on bottom line
E.l.f. Beauty’s profits fell 30% in its fiscal first quarter as new tariffs on Chinese imports begin to impact the cosmetic company’s bottom line. In the three months ended June 30, E.l.f.’s net income fell to $33.3 million, down 30% from $47.6 million a year ago. The company, which sources about 75% of its products […]
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Trump contorts timeline of jobs report revisions in effort to justify firing BLS chief
President Donald Trump has tried to justify firing former Bureau of Labor Statistics Commissioner Erika McEntarfer by claiming that her agency’s gold standard employment reports were “rigged” in order to harm him politically. Trump has provided no evidence to support his allegation. Nonetheless, he has repeatedly claimed that the BLS issued “phony” strong-looking jobs numbers […]
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Apple shares pop 5% ahead of Trump-Cook investment announcement at White House
Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California. Justin Sullivan | Getty Images News | Getty Images Apple shares popped 5% Wednesday, ahead of an Oval Office event touting an update to the company’s stated plans to spend and invest in the U.S. CEO […]
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Tim Cook to join Trump at White House for Apple investment announcement
Apple CEO Tim Cook, left, and President Donald Trump speak to the press during a tour of the Flextronics computer manufacturing facility in Austin, Texas, where Apple’s Mac Pros are assembled, Nov. 20, 2019. Mandel Ngan | AFP | Getty Images Apple CEO Tim Cook will join President Donald Trump on Wednesday for an event […]
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Switzerland is in a uniquely difficult position when it comes to tariffs. Here’s why
Bern Skyline taken from the Rosengarten at sunrise in Switzerland. Church centre: Nydeggkirche Cathedral right: Berner Münster Bridge left: Nydeggbrücke Joe Daniel Price | Moment | Getty Images Switzerland is scrambling to make a trade deal with Washington as it looks to avoid a “triple blow” of economic problems after being hit with 39% tariffs […]
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