U.S. TARIFFS RELIEF
Airbus urges return to zero-tariff deal as first quarter beats forecasts
Airbus CEO Guillaume Faury advocates for a return to tariff-free aerospace trade, echoing U.S. industry concerns amid escalating trade tensions. While first-quarter results exceeded expectations, driven by defense improvements, Airbus faces engine delivery delays and challenges with Spirit AeroSystems impacting aircraft production. Constructive talks are underway regarding the A400M military airlifter's future production.
Lutnick announces tariff relief for US-built cars with 85% domestic content
US Commerce Secretary Howard Lutnick announced that cars finished in the US with at least 85% domestic content will be exempt from tariffs. This policy, applicable to all vehicles built within the country, aims to incentivize manufacturers to increase US-based production. The tariff relief will be implemented gradually over three years, allowing automakers to adjust their supply chains.
US economy contracts first time in three years by 0.3% in Q1; Trump's tariffs unleash flood of imports
The US economy faced a contraction in the first quarter. Businesses imported goods to avoid higher costs. This offset President Trump's tariff policy. The GDP decreased by 0.3%. Economists had predicted a 0.3% increase. A surge in the goods trade deficit contributed to this decline. Consumer spending saw moderate growth. Inflation is expected to rise further.
Donald Trump tariffs shock US economy as country's GDP falls in first quarter
Gross domestic product decreased at a 0.3 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of first-quarter GDP on Wednesday.
Trump tariffs force more automakers to scrap profit guidance
Mounting trade tensions, spearheaded by unpredictable U.S. tariffs, have prompted Stellantis and Mercedes-Benz to retract their profit forecasts, mirroring similar actions by other automakers. The uncertainty is disrupting long-term planning and investment in the auto industry, already grappling with the shift to electric vehicles.
Sensex jumps over 100 points, Nifty tops 24,350; HDFC Bank, TechM lead gainers
Indian equity markets initially dipped due to geopolitical tensions with Pakistan, overshadowing positive signals from U.S. trade negotiations. However, the indices recovered, supported by sustained foreign institutional investor inflows and India's economic resilience. Experts advise investors to remain calm during crises, noting the market's surprising strength despite recent challenges.
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Trump eases auto tariffs burden as Howard Lutnick touts first foreign trade deal
President Trump softened auto tariffs with credits and levy relief, aiming to ease investor concerns amid criticism of his economic policies. The move, allowing carmakers more time to increase domestic component usage, comes as a new set of import taxes looms.
Dollar steady but vulnerable as tariff worries take hold
The White House has retreated several times on the sweeping tariffs Trump unveiled in early April that led to a global stock market meltdown and prompted investors to flee the normally safe-haven U.S. dollar and Treasury debt.
Gold prices steady as investors await key US data, tariff updates
Gold prices remained stable as investors watched for updates on trade talks. They also awaited key inflation data from the United States. This data could offer clues about the Federal Reserve's future policy decisions. Earlier, gold reached a high due to uncertainties. Market participants will analyze economic data to assess the impact of tariffs on the Fed's interest rate outlook.
US stocks end higher after choppy trade as earnings, data, tariffs gauged
U.S. Treasury Secretary Scott Bessent predicted China could lose 10 million jobs quickly due to tariffs, but signaled progress on trade deals with other countries including Japan and India.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump is set to sign an executive order easing some of the 25% tariffs on autos and auto parts, a move intended to boost domestic manufacturing jobs. The changes aim to prevent multiple tariffs on foreign-made vehicles and reduce tariffs on imported parts used in U.S. auto production.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump will sign an executive order easing 25% tariffs on autos and parts, aiming to support US manufacturing and jobs. The move, welcomed by automakers, seeks to reduce costs and retroactively adjust enforcement. Experts warn, however, broader tariffs may still raise prices and hurt overall auto sales and growth.
Trump to reduce impact of auto tariffs, Commerce secretary Howard Lutnick says
The Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufacturing. This move aims to reward companies manufacturing in the U.S. and encourage further domestic investment.
Sensex jumps 400 points, Nifty above 24,400; bank stocks among the top gainers
BSE and NSE gained sharply, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment.
Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
President Trump is set to host an "Investing in America" event at the White House, showcasing U.S. investments across various sectors like defense, tech, and healthcare. CEOs from Nvidia, Johnson & Johnson, Hyundai, Toyota, and SoftBank are expected to attend.
Gold falls on firmer dollar, US-China trade tension subside
Gold prices saw a dip on Monday. This happened as trade tensions between the United States and China showed signs of easing. A stronger dollar also contributed to the price decrease. Spot gold experienced a fall. Other metals like silver, platinum, and palladium also saw declines. Market watchers are closely monitoring these developments.
Stocks rise with tech-related shares, notch weekly gains; dollar up
Wall Street saw gains on Friday, driven by tech stocks. Investors are watching for signs of easing US-China trade tensions. Alphabet's strong earnings boosted the market. Trade war uncertainty continues to influence corporate outlooks. Trump claims trade talks are underway, but China denies it. The dollar rose slightly, while gold prices fell.
US-China trade war: Beijing offers tariff relief on 131 American goods — Here’s what might be on the list
China is reportedly considering exemptions for certain U.S. imports from its 125% tariffs, as the economic impact of its ongoing trade dispute with Washington becomes increasingly evident.
China, Hong Kong stocks register second week of gains on tariff relief
China and Hong Kong stocks edged up on Friday, registering their second consecutive weekly gains, as the U.S. and China both softened their attitudes towards a full-on trade war to investors' relief.
Dollar rally unravels as investors shrug off Trump U-turns
The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress towards defusing the U.S.-China trade war reasserted itself following an interlude of optimism the previous day.
Relief rally stutters as markets take stock of Trump's U-turns
Global markets experienced mixed signals as investors grappled with President Trump's inconsistent stances on tariffs and Federal Reserve leadership. Asian shares dipped slightly, contrasting with Wall Street's gains fueled by hopes of easing U.S.-China trade tensions. The dollar weakened after a brief rebound, while oil prices stabilized amid discussions of potential OPEC+ output increases.
Stocks soar: Here are the reasons why Dow Jones and S&P 500 have gained today
Stocks soar as U.S.-China tariff tensions ease, giving Wall Street a massive boost. The Dow Jones, S&P 500, and Nasdaq jumped after comments from Trump and Treasury Secretary Bessent hinted at lowering trade war tariffs. Investors saw hope as both sides agreed high tariffs hurt everyone. Tech stocks like Tesla and Nvidia surged, and even Bitcoin spiked. But with uncertainty still lingering, experts warn this could be a short-term bounce.
White House may consider cutting China tariffs to between 50% and 65%, source says
The Trump administration is reportedly considering lowering tariffs on Chinese imports as part of ongoing negotiations with Beijing, potentially reducing them to between 50% and 65%. This move aims to de-escalate trade tensions. President Trump has expressed optimism about reaching a deal that would substantially lower tariffs, though he also warned of further action if an agreement isn't reached. U.S.
US softening on China tariffs brings little relief from trade uncertainty: Garima Kapoor
Despite potential tariff reductions on Chinese imports, global trade faces continued uncertainty, according to Elara Capital's Garima Kapoor. She suggests that while tariffs may decrease partially, they won't disappear entirely, leading to ongoing friction between the U.S. and China. This evolving relationship signals a "new normal" with potentially higher average U.S. tariffs and broader tensions encompassing technology and national security.
Dollar surges as Trump backs down from threat to fire Fed's Powell
The U.S. dollar surged against major currencies after President Trump eased concerns about firing Federal Reserve Chair Jerome Powell. This followed Trump's earlier attacks on Powell for not cutting interest rates. Optimism regarding U.S.-China trade relations, with potential tariff reductions, further boosted market sentiment and the dollar's value, impacting various currencies and even cryptocurrencies like Bitcoin.
Dollar sinks to 7-month low vs yen as Trump's attacks on Fed chief unsettle traders
The U.S. dollar weakened against the yen and other major currencies due to President Trump's criticism of the Federal Reserve and concerns over trade negotiations. Trump's attacks on Fed Chair Powell raised doubts about the central bank's independence, further eroding investor confidence. Trade anxieties, particularly with China, also contributed to the dollar's decline.
Dollar wallows near 3-year low as Trump's attacks on Fed chief unnerve traders
The dollar weakened near a three-year low as President Trump's criticism of Fed Chair Powell undermined investor confidence. Concerns arose about potential actions to replace Powell, triggering fears of a dollar panic. Escalating trade tensions with China further fueled economic anxiety, contributing to the dollar's decline against major currencies like the euro and Swiss franc.
Tariff deal talks to dominate IMF-World Bank meetings this week
Global finance leaders converge in Washington, prioritizing trade deals amidst Trump's tariffs. The IMF and World Bank meetings are overshadowed by concerns over economic forecasts and potential dollar instability. Treasury Secretary Bessent's role is crucial, addressing questions about U.S. support for multilateral development banks and navigating tariff negotiations with nations like Japan and South Korea.
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