Page 13 - Trump Tariff

Retailers warn of empty shelves as US-China trade war disrupts shipments

Many logistics firms are storing goods in warehousing or rerouting through Canada to wait out the tariff war

Slumping approvals, Americans divided: Trump's 100 days in office

American disapproval stems from the Trump administration's tariff hikes, federal agency job and funding cuts, and overuse of executive orders for major policy decisions

Nations forced to choose sides as US-China economic tensions intensify

One went to the United States. The other went to China. It was a sign of the times. While the Swiss president was in Washington last week to lobby US officials over President Donald Trump's threatened 31% tariff on Swiss goods, the Swiss foreign minister was in Beijing, expressing his nation's willingness to strengthen cooperation with China and upgrade a free trade agreement. As Trump's trade war locks the world's two largest economies on a collision course, America's unnerved allies and partners are cosying up with China to hedge their bets. It comes as Trump's trade push upends a decade of American foreign policy including his own from his first term toward rallying the rest of the world to join the United States against China. And it threatens to hand Beijing more leverage in any eventual dialogue with the US administration. With Trump saying that countries are kissing my ass to negotiate trade deals on his terms or risk stiff import taxes, Beijing is reaching out to countries

China's trade, economy tsar steps into spotlight amid Trump tariffs

China has repeatedly denied that tariff-related negotiations were ongoing, though on Friday it exempted some US goods from its retaliatory tariffs

Ad firms brace for pullback in client marketing spend amid tariff woes

The car industry, one of the sectors most vulnerable to a trade war, is likely to lead the way in curtailing ad spend

US economy showed signs of weakness even before trade tensions escalated

The US government's initial estimate of first-quarter gross domestic product is projected to show the economy expanded at a 0.4 per cent annualised rate, the weakest in nearly three years

Apple to move entire US-bound iPhones' assembly from China to India by 2026

Production of more than 60 million iPhones sold in the United States will be moved to Indian factories as trade tensions with China continue

China considers rolling back 125% tariff on key US imports amid trade war

US-China trade war: The rollback would impact key industries such as medical equipment and industrial chemicals

Trump tariffs to hit low-income Americans harder than richest: Report

Those making $28,600 or less would have to spend 6.2% more of their income due to higher prices, while the richest Americans with income of at least $914,900 are expected to spend 1.7%

China denies trade talks with US, contradicts Trump's tariff war claims

China has reiterated that Beijing is open to dialogue with the United States, however, negotiations must be equal, respectful, and reciprocal

Asian shares trade mixed as uncertainty persists over Trump's tariff plans

Asian shares traded mixed Thursday, as worries crept back following a Wall Street rally that came after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. Japan's benchmark Nikkei 225 added nearly 0.9 per cent in morning trading to 35,168.80. Australia's S&P/ASX 200 rose 0.6 per cent to 7,966.50. South Korea's Kospi lost 0.5 per cent to 2,513.17. Hong Kong's Hang Seng declined 0.3 per cent to 22,005.16, while the Shanghai Composite gained 0.4 per cent to 3,309.12. Calling Trump's policy announcements headline turbulence, Tan Jing Yi of the Asia & Oceania Treasury Department at Mizuho Bank warned that global economies could be hurt in the long run, adding, Sentiments swing from hopes of intense relief to inflicted economic gloom. On Wall Street, the S&P 500 climbed 1.7 per cent and added to its big gain from Tuesday that more than made up for a steep loss on Monday. The Dow Jones Industrial Average rose 419 .

Bessent says China tariffs not sustainable as US willing to de-escalate

Bessent said the tariffs - 145 per cent on Chinese products and 125 per cent on US products - would have to come down before trade talks can proceed

Dozen US states sue Trump administration over tariffs, trade policy

The suit, filed in the US Court of International Trade in Manhattan, argues that Congress didn't grant Trump the necessary authority to impose the tariffs

Trump slams 'non-tariff cheating' in detailed 8-point Easter warning

The US President also revived a controversial claim first made in 2018 about Japan's 'bowling ball test' while warning of protective technical standards

Appeasing the US at the expense of Beijing won't be tolerated, warns China

China has strongly condemned any nation that reaches a trade deal with the Trump administration that may compromise Beijing as US-China trade war escalates

Trump tariffs, competition to push Boeing, Airbus jet prices even higher

Experts described the official prices as "a complete work of fiction", noting significant discounts based on contract specifics, according to media reports

First shockwaves of Trump's trade tariffs about to hit global economy

International Monetary Fund is set to lower its outlook for economic growth in new projections released on Tuesday

Trump escalates threat to fire US Fed Chair Jerome Powell: Here's why

Donald Trump has long pressured the Fed Chair to cut interest rates, especially after the administration imposed global tariffs on trade partners

Diamond polishers in Surat face a rougher grind as US tariffs cut deep

The tariff trap Part-I: The first of a three-part series captures how Surat's diamond industry is coping with tariff uncertainties

Netflix reports record profit, unaffected by economic uncertainty, tariffs

First-quarter earnings rose 25 per cent to $6.61 a share, the company said, easily beating analysts' estimates. Sales grew to $10.5 billion, in line with projections