Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
The White House has indicated that President Donald Trump may push back looming tariff deadlines, signalling flexibility in his approach to ongoing trade talks.
White House spokeswoman Karoline Leavitt told reporters on Thursday that while negotiations continue, the set deadlines are “not critical.”
“The president can simply offer these countries a deal if they won’t give us one by the deadline,” Leavitt said. “That also means he has the authority to impose a reciprocal tariff rate he believes is best for the United States and the American worker.”
The comment comes as trade talks remain unsettled with several countries. Leavitt noted that U.S. Trade Representative Jamieson Greer is leading discussions and has had “very good and productive” exchanges with major partners.
“There’s a chance the deadline could be extended, but that’s entirely up to the president,” she added.
Trump had earlier threatened to slap a 50% tariff on European Union goods starting 1 June, accusing Brussels of stalling in negotiations. However, after a call with European Commission President Ursula von der Leyen, the deadline was delayed to 9 July.
Separately, a 90-day pause on reciprocal tariffs affecting most nations is due to expire on 8 July. That temporary measure had reduced tariffs to a flat 10% while talks were underway.
With two key deadlines approaching and no clear deal in sight, Trump’s next move remains a closely watched signal for global markets.
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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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