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Trump tariffs offer opportunity for China
In unleashing global tariffs, President Donald Trump has vowed to remake the world to benefit US workers. "Unlike previous presidents, President Trump fully understands the nature and scope of the problem -- and the existential threat posed by China -- and what needs to be done," Smith said.
Trump's tariff Big Bang puts global economy under threat
It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war. But it said things could get worse if a tit-for-tat trade war began, and on Friday China announced retaliatory tariffs on US goods of 34 percent.
TikTok faces new US deadline to ditch Chinese owner
TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States. In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.
US Fed Chair warns tariffs will likely raise inflation, cool growth
US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.
How can the EU respond to Trump tariffs?
The EU has said "everything is on the table" as it readies its response -- including possibly targeting US Big Tech and taxing more American goods -- to President Donald Trump's sweeping new tariffs should talks with Washington fail.
Canada loses jobs for first time in 3 years as US tariffs bite
Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring. The March jobs decline was driven by losses among full-time workers, who had seen a "strong upward trend in the second half of 2024," Statistics Canada said in a statement.
Nations divided ahead of decisive week for shipping emissions
Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on international shipping, ahead of a meeting starting on Monday to finalise emissions-reduction measures. The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
Trump goads China after Beijing retaliates in global trade war
President Donald Trump goaded a "panicked" China on Friday after the chief US economic rival retaliated against his tariffs and he dismissed stock market panic over the growing global trade war, touting the chance to "get rich." "Let Donald Trump run the global economy.
US hiring beats expectations in March as tariff uncertainty brews
Hiring in the United States was stronger than expected in March, government data showed Friday, even as uncertainty brewed over the wider effects of President Donald Trump's tariffs and other policies. The hiring number showed that the jobs market remained robust for now, and it was notably above the 130,000 figure that analysts expected, according to Briefing.com.
AFP
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