The world’s two biggest economies agree to de-escalate tariff face-off. The world’s two biggest economies have stepped back from the brink. After imposing retaliatory tariff hikes at rates never seen before, the United States and China have agreed to a truce. US taxes on Chinese goods will now fall from 145 percent to 30 percent, … Read more
US president claims that Hollywood is undergoing a ‘very fast death’ despite raking in $30bn in revenues in 2024. United States President Donald Trump has announced plans to impose a 100 percent tariff on foreign films, claiming that Hollywood is undergoing a “very fast death” due to overseas competition. In a social media post on … Read more
The White House calls the decision ‘hostile’ as the e-commerce company denies any proposal is under consideration. Amazon may soon show how much tariffs imposed by US President Donald Trump will cost consumers who shop on the company’s platform, according to new reporting from the outlet Punchbowl News, citing a person familiar with the plan. … Read more
Chinese president visits three Southeast Asian nations amid global uncertainty. Chinese President Xi Jinping has been on a three-nation tour of Southeast Asia. Xi is seeking to woo the region by projecting China as a source of stability in the face of global uncertainty caused by United States President Donald Trump’s tariffs on 185 countries. … Read more
Beijing’s comments come after White House says Chinese exports could face duties of up to 245 percent. China’s Ministry of Foreign Affairs has said it will pay no attention to United States President Donald Trump’s “tariff numbers game” after the White House suggested Chinese exports are facing tariffs of up to 245 percent. The White … Read more
The S&P 500 rises 0.57 percent after US president-elect’s tariff announcements roil European and Asian markets. US stocks have hit record highs despite United States President-elect Donald Trump’s pledge to impose sweeping tariffs that threaten to upend international trade. The S&P 500, which measures the performance of 500 of the biggest US firms, rose 0.57 … Read more
Main political parties have laid out their economic plans in election manifestos. The economy is turning a corner. That is the message delivered by British Prime Minister Rishi Sunak since he called the general elections for July 4. But the latest data shows the worst might not be over for the United Kingdom yet. Economic … Read more