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Tag: Tariff

China Condemns Trump’s ‘Tariff Shocks’ at World Trade Organization Meeting

China's World Trade Organization Ambassador (WTO) Li Chenggang said at a closure meeting held in Geneva on Tuesday that President Donald Trump's “tariff shock” could lead to a global recession. “These 'tax shocks' increase economic uncertainty, disrupt global trade, risk domestic inflation, market distortions, and even global recessions. What's worse, U.S. unilateralism threatens to overturn […]

EUR/USD softens below 1.0450 on Trump’s tariff threats – FXStreet

The EUR/USD edge fell to 1.0425 in the late US session on Wednesday. The FOMC minutes showed that the Fed wants to spend time before adjusting interest rates. A fresh round of Trump's tariff threat is the weight of the euro. The EUR/USD pair weakens to near 1.0425 during the late US session on Wednesday. […]

No Sign of Tariff Inflation Worries in Atlanta Fed Survey

A monthly survey by the Federal Reserve Bank of Atlanta shows that businesses do not expect tariffs to cause higher inflation. The expected inflation over the next year was relatively unchanged at 2.3%. This was a slight increase from a month ago, and was in line with expectations last February. Businesses in the Federal District […]

Dow Set to Open Down as Market Reacts to Trump's Latest Tariff Threats – Barron's

US stock futures pointed below early Wednesday after the S&P 500 recorded a record high-close. Investors are still shrugging their worries, including concerns that tariffs will grow or defence spending will do their best. Minutes from the latest Federal Reserve policy meeting, details of President Donald Trump's tariff plans, and the impact Discussion with Russia […]

Gold price climbs fueled by Trump tariff threats – FXStreet

Xau/USD is approaching record highs, with Goldman Sachs looking at a $3,100 target. Investment banks are projecting a 9% rise as a surge in central bank demand. Trump's tariff policy boosts fuel market uncertainty and gold's appeal. Federal Reserve officials remain cautious about inflation as they focus on FOMC minutes this week. Gold prices surged […]

Nissan could move some production out of Mexico amid Trump tariff talks: CEO

Nissan CEO Infield proposed that President Trump's tariffs would force automakers to shift production out of Mexico. “From Mexico to the US, we export a considerable number of cars this fiscal year.[…] 320,000 units are exported from Mexico to the US. If you are subject to high tariffs, you must be prepared for this. While […]

Trump Expands Reciprocal Tariff Policy to Include VATs, Non-Tariff Barriers

President Donald Trump announced Thursday that his administration's mutual tariff policies include foreign value-added tax (VAT) and non-tariff barriers. Unfair to our businesses. In a post on X, Trump reiterated his commitment to mutual tariffs, saying that the US imposes obligations equivalent to those imposed on other countries. He said the policy explains VAT and […]

Retail sales post largest drop in nearly two years in January amid tariff uncertainty

Retail sales in the US fell the most in January in nearly two years. This suggests a sharp slowdown in economic growth at the beginning of the first quarter, following massive profits over the past four months, falling due to frigid temperatures and moderation. The significant drop from retail sales forecasts reported by the Commerce […]