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When Donald J. Trump ran for president in 2016, there was not much love for tariffs in Washington. Many Republicans and Democrats believed that putting levies on imports created economic inefficiencies and that freer trade was the best recipe for growth.
Copper prices on Tuesday rose to an almost six-week high, supported by fresh investor demand and market optimism over the potential for imminent U.S. interest rate cuts.
BEIJING (AP) — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses.
TOKYO -- The Thai baht touched the upper 33 range against the dollar during Monday trading in Tokyo, its strongest since July 2023, on hopes of an economic boost from Thailand's digital wallet initiative.
Asia-Pacific markets were mixed on Monday amid escalating tensions in the Middle East with Israel and Hezbollah trading strikes, while investors assessed dovish comments from U.S. Federal Reserve Chairman Jerome Powell.
In a significant escalation of trade tensions between Western countries and China, Prime Minister Justin Trudeau said on Monday that Canada would impose 100 percent tariffs on Chinese electric vehicles, joining the United States and the European Union in protecting domestic car production.
TOKYO -- The big yen carry trade partially responsible for the selloff in Japanese stocks earlier this month will likely reemerge once volatility subsides, strategists say.
Japan scrambled fighter jets on Monday after a Chinese military aircraft “violated” Japanese airspace, the defence ministry said.