Trump recently announced a meeting with China's leader, Xi Jinping, at the APEC summit in South Korea. This news came after a period of high tension between the two countries over trade. Trump's words about Xi were quite flattering, calling him a strong and amazing leader. He also mentioned that he believes a fair deal with China is possible. This news had a positiv...
Trade tensions between China and European countries are heating up. China has just slapped new anti-dumping duties on European brandy, especially French cognac. This move comes after a long investigation into whether European brandy was being sold too cheaply in China, hurting local producers. The tariffs, which kick in tomorrow, range from 27. 7% to 34. 9%. They'll...
Switzerland's central bank, the SNB, has just made a big move. They've cut interest rates to zero. This is a significant step for a country that has been experimenting with negative rates. The goal? To control the strength of the Swiss franc, which has been surging due to global trade tensions. The Swiss franc is often seen as a safe bet. Investors flock to ...
The U. S. and China are at odds again. President Donald Trump recently took to social media to accuse China of breaking a trade agreement. He announced that he would no longer be "Mr. NICE GUY" with China on trade. This shift in tone comes after a period of optimism, where Trump had lowered tariffs on Chinese goods to 30% for 90 days to facilitate talks. China also r...
Trade tensions heated up on June 2. This caused a stir in the global market. Investors became cautious. They decided to avoid risky investments. This led to a drop in Asian shares and US stock futures. The president of the United States made a bold move. He announced plans to double tariffs on steel and aluminum imports. He also accused China of not keeping it...
Investors in Asia woke up to good news on Monday. Stocks in Japan and South Korea saw a slight increase at the start of trading. In China, Hong Kong and Shenzhen markets went up by about 1 percent. Even the S&P 500 in New York was expected to follow this trend. Why the sudden optimism? It all started with talks over the weekend. U. S. and Chinese officials met ...
The trade policies of former President Donald Trump have already shaken up the supply chain, and experts warn that things could get worse. The effects on consumers are expected to be significant, with potential price increases and shortages of goods. The ripple effects could lead to higher unemployment, global market instability, and increased geopolitical tensions...
Trump has been quite vocal about his interactions with China. The US President has claimed that Xi Jinping, China's leader, has been in touch with him. This is quite a bold statement, considering that China has not confirmed any such contact. Trump even went as far as to say that he has secured "200 deals" on trade, but there is no official announcement or ...
The US has announced a new strategy to boost its shipbuilding sector by imposing fees on Chinese ships that dock at American ports. This move is part of a larger trade dispute between the US and China. The US has been trying to bring back manufacturing jobs to the country. Critics worry this could lead to a global economic slowdown and higher prices for consumers....
The dollar saw a brief boost in the market after the U. S. decided to hold off on tariffs for certain electronics. This move was part of a larger strategy to ease tensions in the tech industry. However, the relief was short-lived. The president's comments about the tech exemption dampened the dollar's rise. The greenback climbed about 1% against the Swiss franc at th...