US President Donald Trump said negotiators had made “major progress” in talks with Japanese officials as they seek to reach a deal to avoid the higher tariffs he has threatened to impose on US trading partners. Trump posted on his social media website after the meeting on Wednesday: “It was a great honor to meet […]
Data released by China’s National Bureau of Statistics on Wednesday showed that the country’s gross domestic product (GDP) grew by 5.4% year-on-year in the first quarter. This growth rate was higher than the 5.2% consensus forecast of economists surveyed by Bloomberg. In March, industrial added value rose by 7.7% year-on-year, the fastest growth since June […]
President Donald Trump’s administration has advanced plans to impose tariffs on imports of semiconductors and medicines by launching a trade investigation led by the Commerce Department. These measures were announced in the Federal Register on Monday and are a prelude to the imposition of tariffs and could expand the president’s all-out trade war with the […]
The US dollar rebounded slightly from its recent slump after the United States suspended tariffs on popular consumer electronics, but the recovery was curbed as President Donald Trump played down the exemption for the technology sector. On Monday morning, the US dollar rose by as much as 1% against the Swiss franc and more than […]
After the White House clarified that the US tariffs on China would not rise to 145%, US President Donald Trump said that his tariffs might cause “transition problems”, but he was confident in his plan. Trump said at a cabinet meeting on Thursday: “There will be costs and some problems during the transition period, but […]
U.S. Treasury bonds have long been hailed by Wall Street as rock-solid, zero-risk assets and have been investors’ top choice during times of panic. They have shown strong gains during the global financial crisis, the 9/11 attacks, and even when the U.S. credit rating was downgraded. But now, with President Donald Trump launching a full-scale […]
As global markets grow increasingly concerned that President Donald Trump’s escalating trade war could trigger a global economic recession, corporate bond sales in the United States have ground to a halt. According to informed sources, a $1.1 billion leveraged loan sale, originally intended to finance HIG Capital LLC’s acquisition of Canadian company Converge Technology Solutions […]
US President Donald Trump was negotiating with American allies in the final hours before the tariffs were fully implemented, but he insisted on imposing a 104% tariff on a wide range of Chinese goods, which dampened optimism about avoiding a brutal trade war. Trump and senior administration officials said Tuesday that the United States is […]
The American investor class – the top 10% who own almost all the stocks – is rapidly coming to terms with its diminished status in the era of Donald Trump’s trade offensive. From company executives who calculate stock options to billionaire hedge fund tycoons and everyone in between, they are now collateral damage. The market […]
US President Donald Trump’s threat to impose an additional 50% import tax on China, while preparing to negotiate with Japan and Israel, has left the market puzzled about the intention behind his comprehensive tariff plan. On Monday, the stock market fluctuated sharply as Trump posted a series of messages on social media about his talks […]