Tag - tariffs

 
 

TARIFFS

A China Shipping cargo container at a port in Long Beach, California, on Thursday
BUSINESS
Apr 11, 2025
China slaps 125% tariffs on U.S. goods but will 'ignore' further hikes
The move further deepens a trade war between the world's two largest economies.
Having had two meetings with U.S. President Donald Trump, Prime Minister Shigeru Ishiba is slowly building a personal relationship with him, which matters greatly to the U.S. president and in resolving bilateral issues.
JAPAN / Politics / FOCUS
Apr 11, 2025
Can anyone deal with Trump better than Ishiba?
Trump’s shift on Japan tariffs offers relief, but Ishiba’s grip remains shaky amid internal discontent and challenging U.S. demands.
Bank of Japan Gov. Kazuo Ueda at a news conference in January. He has been in the top position for two years.
BUSINESS / Economy
Apr 11, 2025
After two years in top job, BOJ's Ueda faces his biggest challenge yet 
Communication will be more crucial from now on, as the economic outlook will be more uncertain than ever because of the U.S. tariffs.
Sony and Nintendo might have to raise the prices of their game consoles, which are assembled mainly in China and are shipped to the United States.
BUSINESS / Companies
Apr 11, 2025
Nintendo Switch 2 and Sony PS5 likely to get price hikes due to tariffs
Pricing could come close to $590 for the soon-to-be-released Nintendo Switch 2 or Sony’s PS5 Astro Bot bundle.
Prime Minister Shigeru Ishiba gives instructions to Economic Revitalization Minister Ryosei Akazawa (third from left) and others at the Prime Minister's Office on Friday.
BUSINESS / Economy
Apr 11, 2025
Japan braces for talks on yen and BOJ in trade negotiations with U.S.
Ryosei Akazawa, who is heading the task force, is reportedly set to meet U.S. Treasury Secretary Scott Bessent next week.
Fast Retailing Chairman and CEO Tadashi Yanai smiles during a news conference on Thursday in Tokyo's Minato Ward.
BUSINESS / Companies
Apr 11, 2025
Fast Retailing's first-half sales hit record high
The growth reflected strong domestic sales of Heattech heat-retention garments and down jackets.
U.S. President Donald Trump and Prime Minister Shigeru Ishiba at the White House in February
JAPAN / Politics
Apr 11, 2025
Trump calls U.S.-Japan alliance ‘one-sided’ as nations prepare for tariff talks
The U.S. president's remarks rekindled fears that he might use the talks to ask Tokyo to pay more for hosting troops, buy more weapons or further boost defense spending.
U.S. Treasury Secretary Scott Bessent speaks outside the White House in Washington on Wednesday. Bessent appears to have taken a larger role in articulating U.S. President Donald Trump's trade policies to financial markets.
BUSINESS / Economy
Apr 11, 2025
Amid turmoil over tariffs, Bessent rises in Trump trade world
Multiple sources close to the White House said the former hedge fund manager was giving the U.S. president the best counsel among a team of advisers on trade.
U.S. President Donald Trump's abrupt U-turn on his tariff measures has been met with a mix of relief and bewilderment.
BUSINESS / Economy
Apr 11, 2025
U.S. allies greet Trump’s tariff U-turn with relief and defiance
As governments try to divine what would convince Trump to grant permanent waivers, his new willingness to reverse course inserts another layer of uncertainty.
Trading indexes at the New York Stock Exchange on Thursday. Bets worth millions of dollars placed on a rebound by unidentified options traders shortly before U.S. President Donald Trump's tariff pause are drawing scrutiny.
BUSINESS / Markets
Apr 11, 2025
Well-timed option trades ahead of Trump's tariff pause draw questions
Some unidentified options traders placed bets worth millions of dollars on a rebound minutes before the U.S. president's social media post sent the stock market rallying.
Tokyo stocks tracked Wall Street lower as the United States and China hiked tariffs on imports from each other.
BUSINESS / Markets
Apr 11, 2025
Nikkei sinks as tariff-fueled selling resumes
An increase in U.S. levies on China to 145% has reignited concerns about the global economy and corporate profits.
A trader works during the closing bell at the New York Stock Exchange (NYSE) on Thursday.
BUSINESS / Economy
Apr 11, 2025
Trump trade war with China revives recession and bear market fears
While announcing a 90-day tariff pause on dozens of countries, Trump ratcheted up tariffs on Chinese imports, raising them effectively to 145%.
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington on Thursday.
BUSINESS / Companies
Apr 11, 2025
Trump tariff pause leaves CEOs asking: What happens in 90 days?
Trump's tariff flip spurs a stock rally but sows deeper confusion for companies bracing for long-term trade fallout.
U.S. President Donald Trump looks on after signing an executive order in the Oval Office of the White House on Wednesday in Washington.
BUSINESS / Economy
Apr 10, 2025
Tokyo cheers Trump’s tariff U-turn with second-biggest market gain ever
The news of Trump’s 90-day pause on “reciprocal tariffs”was welcomed by Japan and its markets, with the 225-issue Nikkei stock average up more than 9% on Thursday.
The Nikkei stock index jumped on Thursday morning following U.S. President Donald Trump's pause on reciprocal tariffs.
BUSINESS / Markets
Apr 10, 2025
Japan stocks rebound more than 9% after Trump's tariff reversal
The Nikkei 225 index closed up 9.12% on Thursday after the U.S. president announced a 90-day pause on the most onerous new tariffs on imports.
Prime Minister Shigeru Ishiba raises his hand to answer a question about the U.S. tariff measures during a parliamentary committee session in Tokyo on Monday.
JAPAN / Politics
Apr 10, 2025
Government considers fresh economic package to tackle impact of U.S. tariffs
Consensus is growing within the LDP-Komeito coalition over the need for intervention, though opinions are mixed on how to do it.
U.S. President Donald Trump holds a bag as he visits the Louis Vuitton Rochambeau Ranch leather workshop in Keene, Texas, in 2019.
BUSINESS / Companies
Apr 10, 2025
LVMH finds making Louis Vuitton bags messy in Texas
Former staff say Louis Vuitton’s Texas plant wastes up to 40% of leather and encouraged defect coverups to hit targets.
Australian Deputy Prime Minister and Defense Minister Richard Marles speaks in Sheffield, U.K. in July 2024.
ASIA PACIFIC / Politics
Apr 10, 2025
Australia turns down China's offer to 'join hands' to fight U.S. tariffs
Australia has rejected China’s proposal for a trade alliance against U.S. tariffs, opting instead to diversify its economic ties.
Guests play the upcoming Nintendo Switch 2 console at an event in Paris on April 2.
BUSINESS / Tech
Apr 10, 2025
Nintendo gets breathing room on tariffs — just in time for Switch 2 launch
Nintendo dodges a 46% tariff on Vietnam-assembled consoles, buying time to flood the U.S. with Switch 2 units before the launch window closes.
One thing is clear: The era of global interdependence, built on efficiency and mutually beneficial arrangements before U.S. President Donald Trump returned to power, has come to an end.
COMMENTARY / World
Apr 10, 2025
Navigating the Trump storm
Trump's second term aims to reshape the global trade system, challenging the current world order with rising tariffs and economic uncertainty.

Longform

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