US President Donald Trump has relaunched the trade war with China, by threatening to impose a 10 per cent duty on imports from Beijing, AFP reported. In his second term, Donald Trump has hinted of imposing a 10% tariff on imports of Chinese-made goods from February 1.
President Donald Trump said from the White House that he's looking at a 10% tariff on imports from China. He pushed Xi Jinping crack down on fentanyl.
Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy and bolster its position globally.
Markets were cautiously optmistic after Trump took a lighter approach to China on Monday. That sentiment lasted a day.
President Donald Trump did not immediately impose tariffs on Monday as previously promised but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over illegal immigrants and fentanyl crossing into the U.
China on Wednesday vowed to defend its "national interests" against tariff threats from US President Donald Trump after warned he could impose a 10 percent duty on imports from the country by the end of next week.
Booming China seems to be patiently playing the long game, unperturbed by Trump’s tariff threats which could ultimately punish US consumers
BEIJING: China on Wednesday vowed to defend its national interests against tariff threats from US President Donald Trump after warned he could impose a 10
USD: The Dollar Index peaked on January 13 near 110.25. It tested the month's low near 107.75 on Wednesday. It bounced to 108.50 yesterday before being sold after President Trump's comments at Davos where no new ground was broken,
It is a big week ahead next week as the US Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025.
Here’s your guide to the week ahead in global markets: The Fed holds its first meeting of the year, just over a week after Trump’s return to the White House. The central bank is widely expected to pause its easing cycle on Wednesday, after cuts totalling 100 basis points (bps) last year.