Citi, Bank of America post higher profits as traders cash in on tariff turmoil
Two of the largest banks in the United States, Citigroup and Bank of America, earned better than expected in the first three months of the year as President Donald Trump raised higher revenue amid the threat of launching a world trade war. The banks enjoyed the benefits of investors adjusting their portfolios after being surprised […]
Trump ‘actively’ considering 15 tariff deals with different nations after 90-day reciprocal pause, White House says
WASHINGTON – The Trump administration has been offered offers from at least 15 countries for bespoke trade deals after President Trump announced a 90-day suspension on mutual tariffs last week, White House press chief Carolyn Leavitt told reporters Tuesday. “We were placed on more than 15 transactions, pieces of paper, on the table – proposals […]
NY AG Letitia James looking at possible insider trading around Trump’s tariff pause
New York Attorney General Leticia James’ office is scrutinizing whether insider trading took place in connection with President Trump’s 90-day suspension on customized “mutual” tariffs announced last week. The test is in preliminary stages and is not yet a full-scale probe, James’ office confirmed with the Post on Tuesday. It was not immediately clear whether […]
Many Canadians consider US ‘unfriendly’ amid tariff war: Survey
A new survey shows that many Canadians consider their southern neighbors “unfriendly” amid tensions over President Trump’s trade policy. in yougov Surveys, 44% of respondents said the US was “unfriendly” when asked whether they viewed the country as a “Canadian alliance or enemy.” 15% of polls said the United States is an “allier”, 10% are […]
Chinese government tells airlines to halt Boeing order amid tariff wars
R-Calif. Rep. Darrell Issa of the president discusses trade negotiations with more than 100 countries in “The Evening Edit.” Chinese airlines have been ordered not to deliver further Boeing aircraft in response to the US, which is leviing a 145% tariff on the US, according to Bloomberg news. Just before 7am on EST, Boeing’s pre-market […]
American consumers hit with tariff surcharges amid trade war
American consumers are noticing a new line of shopping receipts: tariff surcharges. Even if President Donald Trump suspends 90 days on tariffs, businesses and customers are feeling the impact of importing products, particularly from China. Additional charges have appeared in several industries, affecting almost everything from clothing prices to car manufacturing. Some companies charge flat […]
Trump says he’s looking at certain part-specific tariff exemptions for automakers
President Donald Trump told reporters Monday afternoon that he was “looking for” tariff exemptions specific to potential parts of the automaker, emphasizing Trump’s stance that being “flexibility” is important in current trade negotiations. Trump’s signal about the carmaker’s potential reprieve comes after the administration moved to exempt electronic devices such as smartphones, iPhones and laptops […]
Australian Dollar gains strength as US tariff exemption fuels global risk appetite – FXStreet
The Australian dollar has moved forward after Trump exempts major technology products, including some from China, from his new “mutual” tariffs. RBA meeting minutes showed uncertainty about the timing of the next interest rate movement. The US dollar is stable as investors weigh on the weight of male dog concerns. The Australian Dollar (AUD) will […]
Dollar steady as traders grapple with tariff uncertainty, volatility – Yahoo Finance
Ankur Banerjee SINGAPORE (Reuters) – The dollar remained stable on Tuesday, but it endured six months of trough against Yen, a hit last week, as investors struggled to understand the changes before and after US tariffs. Still, the currency markets have settled far more after Asia hours after severely damaging the dollar despite a surge […]
SCOOP: Newsom launches campaign to entice reluctant Canadians to visit California amid Trump tariff push
Exclusive: Liberal government Gavin Newsom has revealed in a new campaign that Canadian tourists are being welcomed in the Golden State as he seeks to boost international travel after a sharp decline in US tourism caused by President Donald Trump’s tariff policy. “We get it. The White House doesn’t exactly lay out the welcome mat, […]