https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Donald Trump’s tariff war has been wreaking havoc in global markets, but among exporters in China’s “trinket town” — the eastern city of Yiwu famous for making everything from Christmas trees to Donald Trump campaign caps — the mood is more of stoic defiance than panic. Amid government invocations of late dictator Mao … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] At a cabinet meeting on Thursday, as US equity indices showed new signs of distress at Donald Trump’s trade policies, the president turned to Scott Bessent for an update on the markets. “I don’t . . . see anything unusual today,” the Treasury secretary responded, trying to offer Trump some comfort by citing lower inflation figures, … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] The EU is prepared to deploy its most powerful trade measures and may impose levies on US digital companies if negotiations with Donald Trump fail to end his tariff war against Europe. European Commission president Ursula von der Leyen told the Financial Times that the EU would seek a “completely balanced” agreement with … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US consumers are facing steep price increases on bicycles as US President Donald Trump’s tariffs take a heavy toll on an industry that is heavily dependent on Chinese manufacturing. Arnold Kamler, … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Chinese renminbi hit an 18-year low on Thursday as the currency became a serious flashpoint in trade tensions between the US and China. The onshore renminbi, which trades in a band set … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Chinese exporters scrambled to respond to crushing US tariffs by hiking prices, cancelling shipments and rerouting goods to other countries, as the world’s two biggest economies brace for economic divorce. The US president on Wednesday announced a 90-day pause in additional tariffs on most countries, but kept his 104 per cent tariffs on … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Washington pauses most tariffs against countries that have not retaliated but increases levies on China [ad_2] Source link
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As the Chinese stock market reeled this week from Donald Trump’s “liberation day” tariffs, Beijing launched a co-ordinated government effort to support share prices. Central Huijin, a sovereign wealth fund, issued a rare … Read more
https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Investors and governments are relieved by the latest U-turn, but the outlook remains uncertain [ad_2] Source link