Tag - trade

 
 

TRADE

U.S. President Donald Trump speaks to reporters during the announcement of a trade agreement with Britain in the Oval Office of the White House in Washington, on Thursday.
BUSINESS / Economy / ANALYSIS
May 10, 2025
China and the U.S. to talk trade war ceasefire — not peace
Ahead of the meeting, the two sides seem much further apart and at greater risk of a major fallout than during their first trade war in Trump's previous term.
Ryosei Akazawa, Japan’s top tariff negotiator, speaks to the press on Friday. Japan and the United States are still discussing what to negotiate.
BUSINESS / Economy
May 9, 2025
Japan stuck at starting line in tariff talks with U.S. as U.K. inks deals
The U.S. has warned that comparing Japan with the U.K. was apples and oranges, and that getting over the line with many countries will be a slow and arduous process.
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%, according to the labor ministry.
BUSINESS / Economy
May 9, 2025
Japan’s nominal wage growth slows, backing case for BOJ caution
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%.
According to earnings reports released by Thursday, net profit is forecast to fall 47.7% to ¥250 billion at Nippon Yusen K.K., 60% to ¥170 billion at Mitsui O.S.K. Lines and 67.3% to ¥100 billion at Kawasaki Kisen Kaisha.
BUSINESS / Companies
May 9, 2025
Three major Japan shipping firms expect sharp falls in profit
The companies are projecting a drop in the transport of autos and other goods due to U.S. tariff measures.
A Japanese newspaper headline includes the word "tariff" in Japanese.
LIFE / Language / BILINGUAL
May 9, 2025
Trump once called it his favorite word. Now, the Japanese version is all over the news.
Learning how to talk about tariffs, imports and exports is becoming increasingly necessary in everyday conversation.
Chinese President Xi Jinping attends a meeting with Russian President Vladimir Putin at the Kremlin in Moscow on Thursday.
WORLD / Politics
May 9, 2025
China can play hardball at looming trade talks with U.S., analysts say
After weeks of tit-for-tat escalation that sent global markets into a tailspin, the two powers will meet this weekend for a chance to break the ice.
A pullback by some of Asia's richest families from U.S. assets marks a rapid change from just a few months ago, when many in region’s business elite cheered U.S. President Donald Trump’s election win, sending share prices at banks and major tech firms to record highs.
BUSINESS / Economy
May 9, 2025
Asia’s superrich rapidly scale back U.S. exposure amid trade war
The pullback marks a rapid change from just a few months ago, when many in the region’s business elite cheered the election win of U.S. President Donald Trump.
U.S. Treasury Secretary Scott Bessent (second right) and U.S. Trade Representative Jamieson Greer (left) meet with Japan’s economic revitalization minister, Ryosei Akazawa, in Washington on May 1. In an attempt to ease trade tensions, Bessent and Greer will meet with a Chinese team in Switzerland from Saturday. 
EDITORIALS
May 9, 2025
A moment of hope for U.S-China trade frictions
The U.S. and China will meet in Switzerland to discuss trade tensions, but deep mistrust and structural issues are hurdles they will have to overcome to make progress.
U.K. Prime Minister Keir Starmer during a phone conversation with U.S. President Donald Trump from a Jaguar Land Rover automobile manufacturing plant in the West Midlandson, U.K., on Thursday.
WORLD / Politics
May 9, 2025
Starmer gets diplomatic win he needs, if not the economic boost
The framework the two leaders unveiled goes some way to reversing the worst impacts on the U.K. of U.S. tariffs.
U.S. President Donald Trump shakes hands with Britain's ambassador to the United States, Peter Mandelson, after announcing a trade deal with the U.K., in the Oval Office at the White House in Washington on Thursday.
BUSINESS / Economy
May 9, 2025
Trump and Starmer hail limited U.S.-U.K. trade deal, but 10% duties remain
Trump pushed back against seeing the U.K. deal as a template for other negotiations, saying that many other trading partners may end up with much higher final tariffs.
U.S. President Donald Trump takes questions from the media at the White House in Washington on Wednesday.
BUSINESS / Economy
May 8, 2025
Trump administration to announce trade deal with Britain
The agreement would be the first deal announced since Trump imposed stiff tariffs on dozens of U.S. trading partners.
A semiconductor wafer is magnified through the lens of a microscope in Seoul on April 30. A rule introduced by former U.S. President Joe Biden to restrict the export of sophisticated chips has been described as "unenforceable."
BUSINESS / Tech
May 8, 2025
Trump administration to rescind and replace Biden's AI chip export curbs
A spokeswoman for the Department of Commerce said the rule is "overly complex" and "unenforceable."
Since U.S. President Donald Trump's return to the White House, the greenback is down more than 9% against a basket of major currencies as investors pull back from owning U.S. assets.
BUSINESS / Markets
May 8, 2025
Ukraine considers shift from dollar to euro amid geopolitical realignments
"This work is complex and requires high-quality, versatile preparation," Central Bank Gov. Andriy Pyshnyi said.
Fed Chair Jerome Powell said that at this point, it isn't clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.
BUSINESS / Economy
May 8, 2025
Fed sees rising risks to economy as it leaves rates unchanged
With so much uncertainty over Trump's tariff moves, Fed Chair Jerome Powell said "It's really not at all clear what it is we should do."
Japan's Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport on April 18. He has said that all tariffs need to be reconsidered by the United States.
BUSINESS / Economy
May 7, 2025
U.S. and Japan remain far apart on tariffs
While both sides have said they will aim for a deal as soon as possible, they have also indicated that they aren't in a rush for a swift settlement.
The global shipping industry is also contending with U.S. measures beyond the barrage of levies.
BUSINESS / Markets
May 7, 2025
World’s trade superhighway feels strain from U.S.-China decoupling
Among signs of disruption are plunging fees, fewer services and a pall of uncertainty over what for decades has been one the main maritime highways of the global economy.
Nvidia CEO Jensen Huang speaks during the Milken Institute Global Conference in Beverly Hills, California, on Tuesday.
BUSINESS / Tech
May 7, 2025
Trade barriers to China's AI market a 'tremendous loss,' NVidia CEO says
Jensen Huang has argued that tightening restrictions on his company that limit access to China, the biggest market for semiconductors, will hurt U.S. national security.
The Advanced Micro Devices headquarters in Santa Clara, California
BUSINESS / Tech
May 7, 2025
AMD and Arm offer a window into the AI landscape ahead of Nvidia earnings
Though chipmaking stocks have taken a hit this year, underlying results may show a stronger foundation for the AI trade than recent stock performance indicates.
U.S. Treasury Secretary Scott Bessent testifies before a House Appropriations subcommittee oversight hearing on Capitol Hill in Washington on Tuesday.
BUSINESS / Economy
May 7, 2025
U.S.-China trade talks to start this week focused on de-escalation
The meeting will be the first confirmed trade talks between the countries since U.S. President Donald Trump announced sweeping tariffs on Beijing.
Land at an address identified on the U.S. entity list, in Shenzhen, Guangdong province, China, on Oct. 31, 2024.
ASIA PACIFIC / Politics
May 6, 2025
U.S. blacklist on China is riddled with errors and outdated details
Five former U.S. officials acknowledged difficulties in evaluating possible cases of mistaken identity and updating information on the entity list, due in part to limited staffing.

Longform

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