The US Northern Command said Monday that the Trump administration will send about 700 active-duty Marines to reinforce the National Guard in response to protests in Los Angeles. California officials said the move would escalate the protests further, which they consider unjustified. California has asked a federal court to stop the Trump administration from “illegally” […]
Both sides accused each other of breaching the agreement reached in Geneva in May. At that time, the two sides agreed to at least temporarily lower tariffs that had climbed above 100%. China said on Saturday that it has approved some applications for rare earth exports, but did not specify which countries or industries were […]
After the United States lost its AAA credit rating from the last of the three major sovereign rating agencies, some of the safest assets in Asia offered investors higher yields than US Treasuries. Investors looking to shift from the US dollar to Asia can purchase securities issued by the Monetary Authority of Singapore, which uses […]
US President Donald Trump disclosed on Wednesday that Russian Prime Minister Vladimir Putin warned that he would retaliate against the recent shocking drone attack by Ukraine on Russian soil, which is the clearest signal so far that the US president’s peace efforts have stalled. Trump said that after the two had a phone conversation, he […]
As Republican fiscal hawks stepped up their criticism of the massive fiscal stimulus package, Donald Trump’s ally Elon Musk sharply criticized the tax bill signed by the president, calling it a “disgusting move” that undermines the budget. At a crucial moment when Trump was personally lobbying against the bill’s opponents, the public condemnation from this […]
Doubts about the appeal of US Treasuries have prompted investors to turn to higher-rated alternative bonds, boosting the prices of bonds in Australia and Singapore. Strategists and portfolio managers are rethinking whether US Treasuries offer sufficient returns, a rare challenge for the world’s largest bond market, especially after recent downgrades and concerns that proposed tax […]
Lori Logan, president of the Federal Reserve Bank of Dallas, said that it might take officials some time to know how the economy will respond to tariff and other policy changes, and thus to know how they should adjust interest rates. Logan outlined various risks facing the economic outlook in a speech at an event […]
A federal appeals court has offered President Donald Trump a chance to obtain a stay of a ruling that threatens to upend much of his tariff agenda, offering at least some hope to the White House as it faces a raft of new constraints in its efforts to reshape the global trading order. The US […]
The vast majority of President Donald Trump’s global tariffs have been ruled illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda. On Wednesday, a three-judge panel of the US Court of International Trade in Manhattan unanimously ruled in favor of the Democratic-led states and small […]
For decades, Asian export powers have been pursuing a simple financial strategy: selling goods to the United States and then investing the proceeds in US assets. As Donald Trump attempts to reshape global trade and the US economy, subverting the logic behind the $7.5 trillion investment in Asia, this model is now facing its greatest […]