Browsing: US tariffs

China’s Commerce Ministry is evaluating the Trump administration’s approaches for trade talks, but one-sided tariffs up to 145% are seen as a significant barrier, undermining trust between the two nations.

Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.

The “de minimis” rule exempts low-value imports from customs tariffs, with thresholds varying by country (£135 in the UK, $800 in the US).

Prime Minister Mark Carney’s Liberal party is projected to win Canada’s federal election, though a majority of 172 seats remains uncertain.

The upcoming Canadian election is heavily influenced by the “Trump effect,” with increased nationalism shaping voter preferences, particularly against conservative opposition closely aligned with Trump.

Donald Trump’s tariffs and trade policies are prompting global economic policymakers to reassess their strategies while highlighting concerns about trade imbalances and reliance on a single economic partner, particularly China.

The chancellor is back on the front pages this morning ahead of a meeting with her American counterpart. Rachel Reeves is in the United States in hopes of securing a trade deal but has warned she will not rush it.

The ongoing choas from Trump’s tariffs are back on the UK front pages as the IMF cuts global growth rates and confirms the UK is set to be amongst the hardest countries hit. The US has received the biggest downgrade amongst advanced economies as anxiety drives gold up amid Trump’s constant attacks on the Federal Reserve boss Jay Powell. There are concerns over how independent the central bank is and general worries over the state of the US economy. 

Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.

Asian markets experienced a significant uptick as President Donald Trump declared his intention not to dismiss U.S. Federal Reserve Chair Jerome Powell. This comment has eased investor concerns around monetary policy continuity amid previous threats to replace Powell.