ASIA|BUSINESS|MARKET|REGULATION Updates
U.S. to restore higher “reciprocal” tariffs if trade deals aren’t reached, Bessent warns
The United States will restore steep “reciprocal” tariffs if trading partners do not reach new agreements within a 90-day freeze, Treasury Secretary Scott Bessent said Sunday, signaling fresh pressure...
U.S. importers rethink shipments as Trump cuts China tariffs
Just as U.S. importers were starting to adapt to President Donald Trump’s 145% tariffs on Chinese goods, a sudden change has upended their plans. With the rate cut to 30% and trade talks shelved for 9...
China hits US, EU, Japan, Taiwan with new anti-dumping tariffs on plastics
China hit back at four major economies—the United States, the European Union, Japan, and Taiwan—on Sunday by imposing steep anti-dumping tariffs on POM copolymers, a type of engineering plastic used i...
S&P 500 surges 20% in six weeks as market euphoria returns on Wall Street
The S&P 500 has erased six weeks’ worth of panic and clawed its way back from a near-bear breakdown, jumping 20% since April 7 as traders dumped their fears and grabbed every rebound they could find. ...
Trump rips Walmart for tariff price hikes after making ‘billions of dollars last year’
Following Walmart’s decision to hike prices due to the U.S. tariffs on China, President Donald Trump took to social media to slam the company. The full effects of the Trump administration’s tariffs on...
Nvidia confirms China’s next AI chip won’t come from Hopper line
Nvidia has made it official: there won’t be another Hopper chip for China. Speaking during a livestream published by Taiwan’s Formosa TV News, CEO Jensen Huang said the Hopper H20 architecture cannot ...
Vietnam holds emergency talks with US as 46% tariff threatens to crush exports
Vietnam’s trade officials rushed into emergency negotiations with the United States on Friday, trying to delay or cancel a planned 46% tariff that could gut its export economy. The face-to-face meetin...
Trump: “A Lot of Good Things” Coming to the US Next Month
U.S. consumer sentiment hits near-record low amid rising inflation worries and tariffs. Gulf tech deals boost U.S. dollar stability and deepen U.S.-China strategic balance. Stablecoin wallets grew 53%...
Trump signals new unilateral tariffs as US shifts trade strategy
President Donald Trump hints that the US will unilaterally impose new tariffs on its trading partners rather than negotiate deals with all of them. He claimed they would announce new tariffs soon sinc...
US stocks open mixed: Nasdaq and S&P flat, Dow slips slightly
US equities were mixed on Friday, capping a strong week driven by signs of easing trade tensions between the US and China and encouraging inflation data. The S&P 500 rose 0.1%, putting the index in po...
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