Tag - trade

 
 

TRADE

U.S. President Donald Trump and Chinese leader Xi Jinping arrive prior to a meeting on the sidelines of the Group of 20 Summit in Hamburg, Germany, in July 2017.
ASIA PACIFIC / Politics
Apr 12, 2025
Trump-Xi truce appears elusive as China prepares to dig in
Authorities in Beijing seem intent on proving that they can withstand even more trade pain from the Trump administration.
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.
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.
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.
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.
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.
Canadian Prime Minister Mark Carney speaks during a campaign rally in Calgary, Alberta, Canada, on Tuesday.
WORLD / Politics
Apr 10, 2025
Canada’s Mark Carney treads a fine line on climate in a tight election
In a nation whose energy sector is still dominated by oil and gas, the question is how much the new prime minister may need to play down his green resume in order to win.
The White House says U.S. President Donald Trump "has a spine of steel and will not break.”
BUSINESS / Economy
Apr 10, 2025
Trump shock pushes U.S. and China toward decoupling cliff edge
Trump's 120% tariffs on Chinese goods and Beijing’s determination to fight back in kind mean a seismic cleavage is rapidly becoming a reality.
Shipping containers at a port in Nanjing, in eastern China's Jiangsu province, on Tuesday
BUSINESS / Economy
Apr 9, 2025
China raises tariffs on U.S. goods to 84% as trade war escalates
China’s move came hours after Trump's sweeping measures went into force, taking the cumulative rate announced this year to 104%.
U.S. President Donald Trump speaks as he attends the National Republican Congressional Committee dinner in Washington on Tuesday. Trump allowed new tariffs — including a 24% levy on Japan — to go into effect as scheduled on Wednesday.
BUSINESS / Markets
Apr 9, 2025
Trump's tariff gambit leaves Asia stunned and scrambling
Tariffs take time to actually affect prices and trade flows, but financial markets are already responding to the possibility of severe economic dislocation.
Economic revitalization minister Ryosei Akazawa, who Prime Minister Shigeru Ishiba has appointed Japan's tariff negotiator, is one of his closest allies and busiest ministers.
JAPAN / Politics / FOCUS
Apr 9, 2025
Who is Ryosei Akazawa, Japan's tariffs negotiator?
The man tasked with convincing the U.S. drop its tariffs on Japanese goods is one of the prime minister's closest allies and busiest ministers.
A man walks past an electronic board showing the numbers of the Nikkei stock average on the Tokyo Stock Exchange in the Japanese capital on Wednesday.
BUSINESS / Markets
Apr 9, 2025
Japan's Nikkei down nearly 4% at close
The Nikkei 255 index of shares ended the day down 3.93% at 31,714.03. The yen came off earlier highs to trade at ¥145.27 per dollar, up 0.7%.
Shipping containers on the outskirts of Houston on Tuesday. China has vowed to "fight to the end" after Donald Trump further ramped up tariffs.
BUSINESS / Markets
Apr 9, 2025
Trump tariffs take effect, hiking trade levies to a 100-year high
The latest tariffs push levies imposed on China this year to as high as 104%, along with import taxes on roughly 60 trading partners that run trade surpluses with the U.S.

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