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BUSINESS

Trump says won't fire Fed chief, signals China tariffs will come down

AFP, Published on 23/04/2025

» WASHINGTON — United States President Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.

BUSINESS

IMF slashes global forecasts on impact of US tariffs

AFP, Published on 22/04/2025

» WASHINGTON - The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump’s new tariff policies on the world economy.

BUSINESS

Trump tariffs stunt US toy imports as sellers play for time

AFP, Published on 21/04/2025

» COLUMBUS (UNITED STATES) - Josh Staph fears the fun-packed shelves of his toy warehouse might start looking joyless in the months ahead, with made-in-China flying discs and model gliders grounded -– like much of his product line –- by Donald Trump's tariffs.

BUSINESS

Trump insists he could fire independent Fed Chair Powell

AFP, Published on 18/04/2025

» WASHINGTON - US President Donald Trump on Thursday insisted that he could force out the head of the independent Federal Reserve, lashing out after Jerome Powell warned of tariffs-fueled inflation.

BUSINESS

Unease grows over Trump tariffs despite 'progress' in Japan trade talks

AFP, Published on 17/04/2025

» TOKYO - Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

BUSINESS

Wine consumption falls heavily into the red

AFP, Published on 16/04/2025

» PARIS - Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs.

BUSINESS

Trump admits trade war 'cost' as markets hit

AFP, Published on 11/04/2025

» TOKYO — Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging trade offensive against superpower rival China.

BUSINESS

US stocks soar on Trump tariff reversal, oil prices jump

AFP, Published on 10/04/2025

» NEW YORK - Wall Street stocks rocketed higher Wednesday following President Trump's shock move to pause many new tariffs, lifting an equity market beaten down by days of losses amid rising recession worries.

BUSINESS

Asian markets stage mild rebound but Trump tariff uncertainty reigns

AFP, Published on 08/04/2025

» HONG KONG - Asian markets battled Tuesday to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to fight "to the end" raised concerns the trade war could worsen.

BUSINESS

Equities savaged as China retaliation to Trump tariffs fans trade war

AFP, Published on 07/04/2025

» HONG KONG - Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.