The White House said steel and aluminum imports won’t be subject to reciprocal tariffs in a move that will provide at least some relief to domestic buyers already incurring 25% duties on all imports of the key metals used in everything from automobiles to dishwashers.
US trade policies and nations’ responses to them could have a “chilling effect” on global business investment and household spending, though Australia’s financial system is well placed to weather such a storm, the Reserve Bank said in a half-yearly review.
Global financial markets were hit by a sweeping selloff after President Donald Trump’s bid to remake the world trading order proved more aggressive than expected. Stocks plunged, Treasuries rallied and the yen gained as alarmed investors searched for havens.
The yen was the best performer among major currencies on Thursday and Japanese bonds rallied after US President Donald Trump’s tariffs announcement boosted haven demand. Stocks in Tokyo slumped.
The Singapore dollar’s outperformance in the first quarter can extend over the near-term, at least according to a Bloomberg analysis of its relationship with other markets.
For a brief moment, it looked like Wall Street’s worst fears about President Donald Trump’s tariff plans were misplaced — and a relief rally started rippling through markets.
President Donald Trump slapped India with some of the highest tariff rates imposed on any major US trading partner, saying his good personal ties with Prime Minister Narendra Modi did not affect his decision.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are JP Spinetto, Bloomberg Opinion, Stephen Engle, Bloomberg News, Derek Decloet, Bloomberg News, Esther George, Fed Reserve Bank of Kansas City Former President, Gina Martin Adams, Bloomberg Intelligence, Shannon O’Neil, Council of Foreign Relations, Wilbur Ross, Former US Secretary of Commerce, Natalia Kniazhevich, Bloomberg News, Julie Biel, Kayne Anderson Rudnick, Vincent Reinhart, BNY Investments and Trump Tariff Announcement. (Source: Bloomberg)
Republican senators were forced late Wednesday to do something they’ve avoided: take a public stand on the trade war President Donald Trump is instigating.
Australian Prime Minister Anthony Albanese says the nation won't respond with reciprocal levies after US President Donald Trump imposed a 10% tariff on Australian goods, singling out beef exports to the US. Capital.com Senior Market Analyst Kyle Rodda says markets will have to price in a growth shock over the lack of clarity in Trump's endgame. He also says investors are left with very few places to hide in a volatile market. Rodda speaks on "The Asia Trade." (Source: Bloomberg)
Japan’s stocks plunged after President Donald Trump slapped a 24% tariff on the nation as part of tariffs levied on trading partners worldwide. A stronger yen also weighed on exporter shares.
European stocks were set to drop after US President Donald Trump unveiled his plans for new tariffs on US trading partners worldwide, including a rate of 20% for the European Union.
Wall Street traders were left reeling after Donald Trump made good on his threat to disrupt the modern trading order at the climax of ‘Liberation Day.’
Goldman Sachs China Portfolio Strategist Si Fu says the size of tariffs US President Donald Trump imposed on Chinese goods comes as a surprise for market watchers, but certain factors which kept investors "relaxed" about tariffs still apply, including the competitiveness of Chinese firms and the potential for trade negotiations. She speaks on The China Show about the bank's advice to clients and the outlook for China's GDP growth. (Source: Bloomberg)
Asian economies bore the brunt of US President Donald Trump’s tariff deluge, with their currencies and stocks coming under selling pressure, according to strategists.
Eugene Seroka, Executive Director at the Port of Los Angeles says importers have been bringing cargo into the U.S. early as a hedge against tariffs. He speaks with Haidi Stroud-Watts on "Insight with Haslinda Amin." (Source: Bloomberg)
Charles Schwab Chief Investment Strategist Liz Ann Sonders says the Trump administration's reciprocal tariffs will lead to a re-rating of the probability of recession and cause downward pressure on 2025 earnings estimates. She speaks on "Balance of Power." (Source: Bloomberg)
Southeast Asian currencies and stocks declined after Asian emerging nations were given some of the biggest tariff increases by US President Donald Trump.
A measure of Japanese bank shares plunged more than 7%, the most since August, as worries about the impact of harsher-than-expected US tariffs on Japan’s economy fueled bets the central bank may pause rate hikes.
China and India’s coal-power boom is undermining the world’s shift from the heavily polluting source of electricity, according to a new report from Global Energy Monitor.
We are using cookies to give you the best experience. You can find out more about which cookies we are using or switch them off in privacy settings.
