Asian economies are suffering due to the US-China trade war.
Following President Trump’s announcement of a release date on April 2nd, a few things stand out. Universal duties of 10% are set, while China is grappling with a 30% tariff, a reduction from the previously staggering rate of 145% due to its retaliations against the US. However, there’s a lot of uncertainty regarding tariff rates […]
US-China trade agreement offers comfort to technology industry
The tech industry is feeling a mix of relief and cautious optimism as the US and China have agreed to significantly reduce tariffs, a move that could ease some pressures in an already strained trade environment. Both nations seem to be stepping back from the extensive back-and-forth of high tariffs and have initiated a 90-day […]
Copper prices increase as US-China trade agreement takes shape.
Copper prices experienced an uptick on Friday, driven by ongoing worries about inflation and a rollback from a brief US-China trade ceasefire, reflecting concerns over slowing global growth. At COMEX, copper prices climbed by 1.3% in July, reaching $4.68 per pound ($10,296 per tonne). The London Metal Exchange saw prices rise close to their highest […]
Australian Dollar rises as traders consider the effects of the US-China trade deal and look at US CPI data.
The Australian Dollar Moves Up Ahead of US CPI Report The Australian Dollar is gaining ground as investors await the US April Consumer Price Index (CPI) report. Westpac’s Consumer Confidence Index in Australia bounced back with a 2.2% increase after previously declining by 6.0%. US Trade Representative Jamieson Greer mentioned that tariffs on China could […]
Five key points from the US-China trade agreement
Over the weekend, negotiators from the US and China reached an agreement to lower hefty tariffs imposed during their ongoing trade conflict. Treasury Secretary Scott Bescent noted that significant progress was made after talks in Switzerland on Sunday. The two countries have decided to pause mutual tariffs for 90 days while continuing discussions. The US […]
Apple is said to be considering raising iPhone prices this fall, even with the US-China trade agreement.
Apple is weighing a price increase for its upcoming iPhone 17 model, which is expected this fall. This decision is influenced by the ongoing trade discussions between the United States and China. The price hike will coincide with new features, including advanced artificial intelligence tools dubbed “Apple Intelligence,” along with some design modifications, such as […]
Trump plans to talk with Xi Jinping ‘possibly by the end of the week’ after the US-China trade war pause
Trump Claims “Total Reset” with China Following Trade War Suspension Trump asserts that the U.S. has achieved a “total reset” with China after what he describes as a “productive” meeting in Geneva. He explains that an agreement has been reached to decrease U.S. tariffs to 30% over the next 90 days, although this does not […]
Bessent optimistic that upcoming US-China trade discussions will set the stage for a more comprehensive deal.
Treasury Secretary Scott Becent mentioned on Monday that he plans to pursue further trade discussions with Chinese officials following a recent meeting in Geneva. However, he didn’t indicate a specific timeline beyond the agreed 90-day suspension on mutual tariffs that was decided over the weekend. “We’ve made significant progress over two days, so I expect […]
US Dollar reaches a one-month peak due to US-China agreement to temporarily reduce tariffs.
The US dollar has risen by over 1% against most major currencies following recent trading news with China. After two days of discussions in Switzerland, both nations have agreed to suspend tariffs for 90 days. The US dollar index now stands at 101.65, benefiting from reduced tensions between the US and China. The USD Index […]
Dollar rises against yen amid US-China trade hope; Kiwi increases.
Dollar Gains Amid Eased Trade Tensions The dollar saw an uptick in early Asian trading on Monday, while global tensions appeared to relax slightly. This shift followed discussions over the weekend between the U.S. and China, which alleviated worries about a potential trade war between these two major economies. The Greenback, alongside American assets, regained […]