But he sees this as a long game to help rebalance trade in the U.S.'s favor and open new markets. "We can't keep going on like this. Hundreds of billions of dollars is flowing out of the country ...

Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data ...

Meanwhile, sharemarkets soared after the backdown. Wall Street’s S&P 500 had its best day since the global financial crisis, jumping 9.5 per cent, and Australia’s market gained nearly 5 per cent.

The Chinese government responded by raising its levy on U.S. goods to 84%. "The U.S.'s practice of escalating tariffs on China is a mistake on top of a mistake, which seriously infringes on China ...

The figure was the combination of a 20% previously imposed tariff and a 34% additional tariff on Chinese goods as retaliation for the U.S.'s large trade deficit with the the rival economic power.

The spectre of the June disposable device ban hangs even higher than the towering vaping brand stands at this year’s Food & Drink Expo. There is a palpable sense of unease that it could mark an end to ...

and Morgan Stanley — sounded the alarm over the weekend about the potential economic fallout from the U.S.’s steepest tariff hikes in a century. They warned that this could put even more ...

Sailors attached to the fast-attack submarine USS Iowa man their newly commissioned submarine during a ceremony in Groton, Connecticut, April 5, 2025. Photo by Chief Petty Officer Joshua Karsten.

Other countries left off Trump’s tariff list are Canada and Mexico, the U.S.’s largest trading partners. Trump has already implemented tariffs on both countries for what he claims is their ...

It may also face increased competition as more imported vehicles enter the market due to global tariff shifts. Vietnamese car manufacturers may feel indirect effects from the U.S.’s new import tax ...