Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • <asian-news.net

CNBC Daily Open: Inflation seems stuck — Trump’s tariffs might worsen it

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Trump tariffs take effect
U.S. President Donald Trump launched a salvo of tariffs on Saturday. Imports from Mexico and Canada will be hit with a 25% duty, while those from China will be subject to a 10% tariff. Energy resources from Canada will face a lower 10% tariff. The tariffs on Canadian goods are expected to take effect on or after 12:01 a.m. ET on Tuesday. Canada's Prime Minister Justin Trudeau announced on the same day retaliatory tariffs of 25% against $155 billion in U.S. goods.

Inflation remained steady in December
Wall Street ended 2024 on a high, but so did inflation in the U.S. The personal consumption expenditures price index rose 2.6% on an annual basis in December, reported the U.S. Commerce Department on Friday. That's up 0.2 percentage points from November and in line with the Dow Jones estimate. Core PCE, which removes food and energy prices, came in flat from the previous month at 2.8%, also in line with expectations.

For stocks, a winning January amid uncertainty
U.S. markets retreated Friday, giving up earlier gains, on news of Trump's impending tariffs. The S&P 500 lost 0.50%, the Dow Jones Industrial Average slid 0.75% and the Nasdaq Composite fell 0.28%. However, all three indexes ended January in the green. That said, stock futures tumbled on Monday morning. The pan-European Stoxx 600 index ticked up 0.13%, notching a 6% gain for January — higher than the S&P 500's increase of 3%.

DeepSeek might have cost 100 times more
Chinese artificial intelligence startup DeepSeek's

Read more on cnbc.com
DMCA