Apr 14 China's Xi says no winners in tariffs and trade war during Southeast Asia visit By Huizhong Wu, Aniruddha Ghosal, Associated Press Xi reiterating China's commitment to global trade in contrast with U.S. President Donald Trump's latest tariffs moves. Continue reading
Apr 13 Watch 4:30 How China is responding to pressure from Trump as trade war brews By John Yang, Andrew Corkery, Gerard Edic The developing U.S.-China trade war keeps ratcheting up, with reports Sunday that China has suspended exports of rare earth minerals. Meanwhile, Commerce Secretary Lutnick said that the electronics the Trump administration exempted from reciprocal tariffs could be subject to different… Continue watching
Apr 12 Argentina secures IMF loan and ends most capital controls in key milestones for President Milei By Isabel DeBre, Associated Press President Javier Milei on Friday announced that he would lift most of the country’s strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund. Continue reading
Apr 12 Trump administration says some electronics will be excluded from reciprocal tariffs By Mae Anderson, Associated Press U.S. Customs and Border Protection said items like smartphones, laptops, hard drives, flat-panel monitors and some chips would qualify for the exemption. That means they won’t be subject to the current 145 percent tariffs levied on China or the 10 percent baseline tariffs… Continue reading
Apr 11 U.S. wholesale inflation falls offering possible relief, but trade war threatens to raise prices By Paul Wiseman, Associated Press Compared to a year earlier, producer prices rose 2.7%, down from a 3.2% year-over-year gain in February and much lower than the 3.3% economists had forecast. Continue reading
Apr 11 China responds to new Trump tariffs, will raise rate on American goods to 125 percent By Associated Press It was the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown. Continue reading
Apr 11 Stocks jump, bonds swing while falling U.S. dollar indicates more fear amid trade war By Stan Choe, Associated Press Friday’s swings came after a set of stronger-than-expected profit reports from some of the biggest U.S. banks, which traditionally help kick off each earnings reporting season. Continue reading
Apr 10 U.S. stocks dove as Wall Street euphoria reverted to concern over U.S.-China trade war By Stan Choe, Associated Press The losses for U.S. stocks accelerated Thursday after the White House clarified that the United States will tax Chinese imports at 145 percent, not the 125 percent rate that President Donald Trump had written about in his posting on Truth… Continue reading
Apr 10 Before Trump ramped up tariff threats, inflation was cooling By Christopher Rugaber, Associated Press Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday. Economists warned that the data is mostly backward-looking and likely to be overtaken by the impact of the tariffs that President Donald Trump… Continue reading
Apr 10 Trump claims countries are 'cheating' the U.S. on trade. What does that mean? By Louis Jacobson, PolitiFact While cheating on trade does happen — genuine accusations of it can be adjudicated at the World Trade Organization — the White House’s formula for calculating the tariff rates leaned on how much of a trade imbalance a country has… Continue reading