“That’s the third building,” Powell interrupted the president, “built five years ago.” When a reporter asked Trump what he would do if the manager of a construction project he was in charge of exceeded the budget, he replied straightforwardly: “What would I do in general?” Trump said, “I would fire them.” When Trump tapped Powell […]
This week, the United States and Japan reached what President Donald Trump called the largest trade deal in history. But Tokyo’s pledge to set up a $550 billion US investment fund has raised doubts about the feasibility of the deal due to a lack of details, and the agreement has been put forward as a […]
President Donald Trump reached a trade deal with Japan, which will impose a 15% tariff on products imported from Japan to the United States, including the automotive industry, while setting up a $550 billion fund supported by Japan for investment in the United States. Trump held a 75-minute final meeting with Japan’s chief trade negotiator […]
After Japanese Prime Minister Shigeru Ishiba suffered a historic defeat in the election, Japanese government bonds are likely to be further sold off, although the direct reaction on Tuesday was curbed by a rebound in global debt markets. Japanese 10-year and 20-year government bonds edged lower in Tokyo trading after the resumption, with yields rising […]
Six months into his second term, Trump has softened his campaign rhetoric, no longer emphasizing the huge trade deficit with China and the resulting job losses. This more conciliatory stance contrasts sharply with his threats to other trading partners that he would devastate their economies with high tariffs. Trump is now focused on reaching a […]
President Donald Trump said he has no intention of firing Jerome Powell, but still made it sound like a threat. Trump’s remarks ended a busy day of activities, pushing his pressure on the Fed chair to a new level and causing a brief market plunge. Later on Tuesday, he floated the idea of firing Powell […]
As transatlantic trade tensions escalate, the European Union has finalised a second list of retaliatory measures, targeting $84 billion worth of US goods, including Boeing aircraft, automobiles and bourbon, if the US decides to take retaliatory actions. According to a 206-page list prepared by the European Commission and seen by Bloomberg News, additional tariffs will […]
Nvidia plans to resume selling its H20 AI accelerator to China as Washington has assured that such goods will be approved, which is in stark contrast to the earlier stance of the Trump administration. Nvidia said in a blog post on Monday that US government officials have informed the company that they will approve the […]
Nvidia has become the first company in history to reach a market value of 4 trillion US dollars, solidifying its dominant position in the global financial market. On Wednesday, the company’s share price rose 2.8% to $164.42, breaking through this milestone and marking a stunning rebound after a difficult start to the year when spending […]
After a series of new threats from the EU and other US trading partners, informed sources revealed that the EU is preparing to enhance its engagement with other countries affected by Donald Trump’s tariffs. People familiar with the matter said that contacts with countries such as Canada and Japan could include the possibility of coordination. […]