China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war.
America pledged 90 trade deals in 90 days. So far, it has delivered just two. The race to reshape global trade was launched with urgency. But halfway through, promises have outpaced progress, and the rest of the world is still waiting.
Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, the administration announced Tuesday.
India has barred the import of goods linked to Pakistan, citing national security concerns, as relations between the two countries continue to spiral.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
China has ordered its airlines to suspend further deliveries of Boeing jets in response to the United States' decision to impose 145% tariffs on Chinese goods, according to a Bloomberg News report on Tuesday.
Markets fled to safety Thursday as Trump escalated tariffs on China to 125%, triggering a surge in gold, yen, and bonds. Despite a brief equity rally, investor confidence in U.S. trade policy and the dollar continues to erode.
Gold prices rose on Tuesday, driven by escalating trade tensions between the U.S. and its major trading partners, along with a softer U.S. dollar. Spot gold gained 1% to $3,013.34, recovering from recent lows, while U.S. futures climbed 1.9%, reaching $3,028.40.
A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.
Standing in the White House Rose Garden, President Donald Trump declared what he called “Liberation Day”, announcing a raft of tariffs on U.S. trading partners — the most expansive use of trade powers in modern American history.
Canadian Prime Minister Mark Carney says Trump’s auto tariffs mark a permanent shift in Canada’s relationship with the U.S.
China's foreign ministry strongly opposes the threat of additional U.S. tariffs and vows to take necessary actions to safeguard its legitimate interests. The ministry criticises the U.S. for using the fentanyl issue as a pretext.
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