Pound Sterling resumes upside against US Dollar, US Durable Goods Orders beat estimates – FXStreet
Pound Sterling rebounds to nearly 1.3300 against the US dollar as the USD index struggles to extend its two-day recovery. US Treasury Secretary Bescent wants each other to cut additional tariffs by both the US and China. Investors are awaiting data on UK retail sales in March. Pound Sterling (GBP) holds its first profit of […]
Durable goods orders skyrocketed in March ahead of Trump tariffs
Prior to Trump’s April 2nd tariff announcement, orders for durable goods surged in March. New manufactured orders rose 9.2% in March to $315.7 billion, compared to a 0.9% increase in February. Economists had predicted a rise of just 2%. Transportation orders rose 27% that month, while commercial aircraft orders rose 139%. Private capital goods orders […]
China trolls America with ‘Made in US’ luxury goods from their factories
With millions of companies tackling the heat of the US tariff war, Chinese manufacturers are opposed to the free world of consumerism where Western brands bring great profits. Chinese social media has exploded with videos from factory workers and retailers accusing European and American luxury brands of selling “Made in Us” or “Made in Italy” […]
Hongkong Post suspends the postal service for items containing goods to US
O’Leary Ventures Chairman Kevin O’Leary explains how the US can fix trade and economic problems with China “once once” in “Editing the Evening.” Hong Kong Post, the Hong Kong Post, announced on Wednesday that it would not be collected. The so-called tariffs On behalf of the United States, we suspend acceptance of mail items including […]
Hong Kong halts postal service for US-bound goods over Trump’s ‘bullying’ tariffs | Hong Kong
Hong Kong Post said on Wednesday it would halt the mailing service at sea to the US and will halt airmail postal service for items containing goods from April 27 due to US tariffs. When sending items to the US, Hong Kong people “have to be prepared to pay prohibitive and unreasonable fees for the […]
China strikes back, raising tariffs on US goods from 84% to 125%
China on Friday returned to President Trump's latest tariff hike, raising its own rate against the US to 125% as it chuckled its trade policy as “joking” in a scathing statement. The national move to raise tariffs on US imports from 84% to 125% marks a third retaliation as tensions between the two trading partners […]
European stocks swing to losses after China retaliates with higher tariffs on U.S. goods – CNBC
America will be hit far more harder than Europe in the trade war, says top EU officials EU Economic and Productivity Commissioner Bardis Dombrovskis was portrayed before an informal meeting of the EU Minister and Central Bank Governor (ECOFIN) for EU Economic and Finance Affairs held in Warsaw, Poland on April 11, 2025. Wojtek radwanski […]
China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday
China announced measures on Friday, raising tariffs on US goods from 84% to 125% from Saturday. The United States and China expanded the trade war by raising tariffs, even if US President Donald Trump suspends tariffs in other countries. Trump's universal tariffs on China total 145%. On April 10, 2025, Chinese cargo containers were stacked […]
Apple, Porsche rushing to beat Trump tariffs, get goods to US: report
Apple and Porsche were among several major companies reportedly scrambled to send goods to the US to stockpile inventory ahead of Trump's “liberation day” tariff deployment. Mutual tariffs on Trump's trading partners (including 26% of India and 20% of EU members) came into effect on Wednesday, turning the course back hours later, announcing a 90-day […]
Amazon CEO warns Americans price of everyday goods will rise from Trump’s tariff push
Amazon CEO Andy Jussy has warned Americans protecting their wallets after President Trump's tariff agenda. Jassy has issued a vague warning to Amazon customers that the world's most popular online retailer faces challenges from the Trump administration's tariff push. Interview with Andrew Ross Sorkin of CNBC on “Squawk Box” On Thursday, he said that taxation […]