European Commission President Ursula von der Leyen has welcomed President Donald Trump’s decision to temporarily halt most US tariffs, but she did not say whether the European Union intends to press ahead with its own retaliatory measures. “I have authorised a 90 day PAUSE,” Trum
Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next T
US consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions that have roiled financial markets and raised the risk of a recession. The University of Michigan Surveys of Consumers said on F
Beijing on Friday increased its tariffs on US imports to 125 per cent, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145 per cent and raising the stakes in a trade war that threatens to up-end global supply chains. China's retaliation intensified the
Vietnam will buy more American goods, including defence and security products, and has asked for a 45-day delay in the imposition of US tariffs, Prime Minister Pham Minh Chinh said in a statement issued late on Monday. Hanoi will also seek faster deliveries of commercial planes that Vietnamese air
China declared on Tuesday that it would “fight to the end” and implement countermeasures to protect its interests after U.S. President Donald Trump threatened to impose a further 50% tariff on Chinese goods. The Commerce Ministry criticised the United States for introducing what it ter
India may still meet its 6.3-6.8 percent growth projection for the 2025/26 fiscal year that started on Apr 1 despite global disruptions from new US tariffs, if oil prices stay below $70 per barrel, government officials said, even as many private economists lowered their forecasts. Economists, incl
US President Donald Trump said on Sunday foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," prompting further carnage in global financial markets. Asian stocks posted steep losses in early trading on Monday and US stock market futur
The US dollar struggled to regain its footing with the safe-haven yen hovering near a six-month peak on Friday, as traders took stock of the fallout from President Donald Trump's aggressive and far-reaching new tariff measures. The dollar was steady after bouncing off six-month troughs to the euro
Chinese outdoor furniture maker Jin Chaofeng set up a factory in Vietnam last July to escape higher US tariffs. Now he is looking to close it, as Washington imposes steep levies on Hanoi and the rest of the world. "I've done all this work for nothing," Jin said, adding that foreign trade would bec
The latest round of US trade tariffs unveiled on Wednesday will sap yet more vigor from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife.Depending on how US President Donald Trump and leaders of other nations pr
President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House.Following are highlights of Trump's remarks: * "In many cases, the friend is worse than the foe in terms of trade," Trump said. * "We subsidize a lot of countries and keep them going and keep
The number of people out of work in Germany rose in March at the fastest rate since October of 2024, data showed on Friday, as an economic malaise puts pressure on the job market even against a backdrop of long-term labour shortages. The office said the number of unemployed increased by 26,000 in
