The powerful winds stemmed mainly from a cold vortex system formed over Mongolia that was moving east and south, sweeping across northern China from Friday through the weekend, the China Meteorological Administration said. “The strongest winds are expected during the daytime of April 12, with wind speeds at some observation stations approaching or even surpassing […]
On Friday, Tokyo’s Nikkei 225 index witnessed a substantial decline of up to 1,900 points, representing a 5.7% drop at one point during the trading session. As the day progressed, some investors cautiously repurchased shares, resulting in partial recovery. Nevertheless, the index closed at 33,585 points, marking a drop of 1,023 points or 2.96%, compared […]
The tech giant has ramped up production in India, exporting approximately 600 tons of iPhones, equivalent to 1.5 million devices, to the United States via chartered cargo flights. The move comes as Apple seeks to reduce its reliance on China, where a 125% tariff on imports has significantly increased costs. In contrast, imports from India […]
Meanwhile, the turmoil unleashed by Trump’s tariffs showed few signs of easing on Friday, with markets tumbling and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades. A brief reprieve for battered stocks seen after Trump decided to pause duties for dozens of countries for 90 days […]
The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump’s move to temporarily lower tariffs on many countries. The selloff in U.S. Treasuries picked up pace […]
Trump made the comments during a Cabinet meeting opened to press. U.S. Treasury Secretary Scott Bessent said during the meeting that as they settle deals with countries, it will bring more certainty on trade policy. Trump claimed victory over Europe in the US tariffs war but acknowledged a “cost” to his surging trade offensive against […]
The United States was Vietnam’s biggest export market in the first three months of the year, but President Donald Trump hit it with a 46 percent duty as part of a global trade blitz announced last week. Trump paused the stiff new tariffs on Wednesday, and Vietnam’s Deputy Prime Minister Ho Duc Phoc suggested the […]
Brent futures fell 77 cents, or 1.18%, to $64.71 a barrel by 0320 GMT, while US West Texas Intermediate crude futures fell 65 cents, or 1.04%, to $61.70. Following the tariff pause for most countries, the benchmark crude contracts had settled 4% higher on Wednesday after dropping as much as 7% during the session. Trump, […]
Following the sweeping 10 percent tariffs imposed over the weekend, rates on imports to the United States from exporters, including the European Union and Japan, rose further on Wednesday. China — Washington’s top economic rival but also a major trading partner — is the hardest hit, with tariffs imposed on its products since Trump returned […]
China — Washington’s top economic rival but also a major trading partner — is the hardest hit, with tariffs imposed on its products since Trump returned to the White House now reaching a staggering 104 percent. Following the imposition of sweeping 10 percent tariffs that have rocked the global economy since coming into force over […]
