TRUMP TRADE WAR IMPACT
Trump claims again he 'helped settle' India-Pakistan tensions
Donald Trump asserted at al-Udeid Air Base in Qatar that he played a crucial role in de-escalating tensions between India and Pakistan. He claimed his intervention led both nations towards prioritizing trade over conflict, suggesting a positive shift in their relationship. This marks the sixth instance of Trump claiming US involvement in brokering a ceasefire between the two countries.
US stocks open lower as trade truce rally fades, UnitedHealth falls
U.S. stocks are declining amid mixed economic reports, reflecting uncertainty surrounding President Trump's trade war. Retail sales fell short of expectations, while wholesale inflation showed improvement. Manufacturing appears to be contracting, but unemployment claims are lower than anticipated. Walmart's stock dipped despite a strong profit report, as the company cited tariff-related price increases and refrained from providing quarterly guidance.
Trump to Apple: “Don’t expand production in India”
Speaking at an event with business leaders in Qatar on Thursday, Trump said he spoke to Cook about reprioritising the US. “I said I don’t want you building in India. India can take care of themselves, they are doing very well.”
Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US, source says
Following a tariff truce between the U.S. and China, Tesla plans to ship components from China to the U.S. for Cybercab and Semi truck production, starting this month. This move reverses a previous suspension caused by increased U.S. tariffs, potentially disrupting Tesla's mass production plans.
How the world's largest jeweller is surviving the trade war
Pandora, the jewellery giant, faces uncertainty due to Donald Trump's trade policies. The company is considering how to manage potential tariffs on goods from Thailand and Vietnam.
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China, US to lift sweeping tariffs in trade war climbdown
The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains. Under the deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points.
China pauses 24% tariff rate on US goods for 90 days
China has announced a 90-day pause on tariffs for United States goods. This occurred during trade discussions between major global powers. The US also stated an agreement for a 90-day pause. Washington will reduce tariffs on Chinese imports. China will also lower duties on US imports. Former President Trump initiated a trade conflict, especially targeting China.
US consumer prices rise moderately in April
U.S. consumer prices experienced a moderate rebound in April, with the CPI increasing by 0.2%. Inflation is anticipated to rise in the coming months due to tariffs on imported goods. However, a recent truce between the U.S. and China, involving reduced duties, may temper the expected surge in inflation, potentially influencing the Federal Reserve's monetary policy decisions.
Trump shadow begins to loom over India's factories
India’s manufacturing hopes from Trump’s China tariffs face setbacks as the US signs deals with China and the UK. India plans to impose tariffs on US goods, citing steel and aluminium duties. Trade talks stall amid geopolitical strain and conflicting claims over US mediation in the India-Pakistan conflict, raising concerns over the India-US bilateral relationship.
Will Trump again increase tariffs on Chinese goods if US-China fail to make a deal? Check details
After US and China agreed to a deal that will significantly cut the import tariffs, US President Donald Trump expressed confidence and said he doesn't see US tariffs on China imports rising back to 145 percent. He asserted that US and China will reach a deal. The President also said he would speak to Chinese President Xi Jinping maybe at the end of the week. He said US tariffs on goods imported from China could still return.
US announces deal with China to cut trade deficit, White House says details on Monday
US and China held trade talks in Geneva. Negotiators from both countries reported progress. Scott Bessent led the US delegation. Donald Trump hinted at a possible tariff reset. China emphasized protecting its core principles. Discussions aimed to stabilize global markets. Both sides want to de-escalate trade tensions. Future talks are expected to continue.
Trump promises to order that the US pay only the price other nations do for some drugs
Donald Trump announced he will sign an executive order aiming to lower drug costs by tying Medicare prices for certain medications administered in doctor's offices to the lowest prices paid by other countries. This "most favored nation" policy, targeting drugs covered under Medicare Part B, seeks to address the disparity in U.S. drug prices compared to other nations.
US, China begin 2nd day of tariff talks; no breakthroughs but Trump touts 'great progress'
The US and China resumed critical tariff negotiations in Geneva, aiming to de-escalate trade tensions. While President Trump expressed optimism about "great progress" and a potential "total reset," China's official news agency adopted a firm stance, rejecting proposals compromising core principles.
Trump's trade war about to leave Americans with empty bathroom shelves? Check details
Are Americans about to face shortage of toilet papers in the United States? Suzano SA, Brazil's leading pulp exporter, reports a 20% drop in bleached hardwood pulp exports to the US due to Trump's tariffs, impacting toilet paper production. Increased costs are passed to US buyers, raising concerns of potential shortages reminiscent of the 2020 pandemic panic.
Charting the global economy: Chinese exports to the US slumped
Global central banks are responding to economic uncertainty fueled by US trade policies. The Bank of England cautiously cut interest rates, while the Federal Reserve held steady amidst tariff concerns.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
Bitcoin tops $100,000 on trade deal optimism
By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
Trump to announce trade deal with UK Thursday: Reports
Donald Trump is expected to announce a trade deal with the United Kingdom on Thursday, according to US media reports. Trump teased a "major" upcoming agreement on social media, stating it would be the "first of many." This announcement follows recent US tariff impositions and Britain's efforts to bolster trade ties post-Brexit, including a recent deal with India.
Trump says 145pc tariffs on China are here to stay for now
President Trump announced that the 145% tariffs on Chinese imports will remain in place as US and Chinese officials prepare for trade talks in Switzerland. He refuted claims that the US initiated the talks and stated the US is no longer facing massive trade losses. Federal Reserve Chair Jerome Powell noted the trade talks' potential impact on the US economy.
US President Donald Trump to hold news conference on Thursday, hints at a 'major trade deal'
President Trump announced an Oval Office news conference on Thursday at 10 a.m. EDT to unveil a significant trade deal with a "big, and highly respected, country." This announcement follows a period of intense trade negotiations and tariff implementations, including levies on various countries and commodities.
US stocks sink again as more companies detail damage they're taking because of Trump's trade war
US stocks fell as AI enthusiasm cooled and companies, including Ford and Clorox, withdrew forecasts due to Trump’s tariff uncertainty. The S&P 500 dropped 0.5%, led by declines in Palantir and Nvidia. Market caution grows amid economic unpredictability and potential Fed rate decisions.
Top reasons why Donald Trump is desperate for a trade deal as the 90-day deadline he set expires on July 8
President Trump faces mounting pressure as his 90-day deadline for trade deals approaches. With the US economy already feeling the impact of the trade war, the potential for renewed tariffs looms large. Stalled negotiations with China and limited time for discussions further complicate the situation, raising concerns about economic disruption and consumer impact.
Tariff Turbulence: The ripple effects of Trump's trade policies on Indian exports
The US imposed tariffs on Indian imports, starting with 10% on April 5, 2025, escalating to 26% before a 90-day suspension on specific tariffs from April 10. As India and the US negotiate a trade deal, Indian exporters, particularly in sectors like machinery, pharmaceuticals, and textiles, face potential financial impacts.
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