Tag: Economy
World markets rally after Trump gives tariff exemption to electronics
U.S. President Donald Trump said electronics such as computer chips, smart phones and laptops won’t face the same U.S. import duties as some other products.
Trade war ramps up as China retaliates by raising tariffs on U.S. imports
China hits back by raising tariffs on imported American products from 84 per cent to 125 per cent after the U.S. raising tariffs on China earlier this week.
Stock markets are selling off again, even after Wednesday’s massive rally
Wall Street and international markets are on the decline once again amid tariff turmoil following yesterday's late rally after President Donald Trump paused some tariffs.
EU pauses counter-tariffs on U.S. for 90 days after Trump’s halt
On Wednesday, U.S. President Donald Trump put a 90-day pause on his sweeping new 'reciprocal tariffs' on countries facing rates higher than his 10 per cent baseline.
Trump pauses tariffs on 75 countries for 90 days, raises China rate to 125%
The pause was announced hours after his global tariff policy took effect, capping a chaotic week for global financial markets and uncertainty about the world economy.
EU unveils counter-tariffs on U.S. products, from food to dental floss
The European Union says it will launch its first counter-tariffs on U.S. imports beginning next week on a range of products from food to motorcycles, clothing and dental floss.
Stock markets fall around the world as Trump’s global tariffs hit
Although Trump's latest tariffs include a massive 104 per cent levy on U.S. imports of Chinese products, markets in China reversed early losses, gaining ground on Wednesday.
China raises counter-tariffs on U.S. to 84% as Trump’s trade war escalates
Beijing also added an array of countermeasures after U.S. President Donald Trump raised the total tariff on imports from China to 104 per cent.
World stock markets nosedive again amid Trump’s tariff ‘medicine’
European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.
Global markets continue sharp losses as China retaliates for U.S. tariffs
Stock markets worldwide, including Bay and Wall Streets, as well as commodities like oil and gold continued a sell-off after China retaliated for U.S tariffs.
Penguins and polar bears outnumber people in some tariff-hit territories
Tiny tropical islands and remote Arctic outposts with no populations are among the countries and territories that now face at least 10 per cent U.S. tariffs, with some far higher.
U.S. egg imports meant to drive down prices could now face Trump tariffs
U.S. Agriculture Secretary Brooke Rollins said tariffs on egg imports meant to ease a supply shortage were possible and negotiations with affected countries were ongoing.
Trump’s reciprocal tariffs, from highest to lowest so far
The White House released a list more than 150 countries and territories that would see at least a 10 per cent 'reciprocal tariff' from the U.S.
Low travel interest to the U.S. leads to WestJet suspending flights from YLW
'Air Canada, WestJet, Porter, and Flair have changed their schedule, at least for the summer. They’re still going to most U.S. destinations, but with less capacity.'
Gold prices could keep climbing as Trump’s trade policies rock markets
Gold prices have been spiking as President Donald Trump's tariff policies have started an international trade war that's roiled financial markets.
