Asian shares mixed as Trump’s tariff deadline nears; US stocks reach record highs
Asian shares mixed as Trump’s tariff deadline nears; US stocks reach record highs

Asian stock markets closed mixed on Friday amid cautious sentiment ahead of President Donald Trumps tariff deadline set for July 9. Japans Nikkei 225 fell 0.6% to 39,762.20, reversing earlier gains, while South Koreas KOSPI dropped 1.2% to 3,078.31. Hong Kongs Hang Seng declined 0.6%, settling at...

Trump halts trade talks with Canada over digital services tax on US tech giants
Trump halts trade talks with Canada over digital services tax on US tech giants

President Donald Trump announced Friday that he is halting all trade negotiations with Canada in response to its plan to enforce a digital services tax on large technology firms, calling the move a direct and blatant attack on the United States, reports AP. In a post on his social media...

Trump announces US-China trade agreement, offers no specifics
Trump announces US-China trade agreement, offers no specifics

President Donald Trump announced that the United States has signed a new trade agreement with China, though he provided no details about the contents of the deal. Speaking late Thursday, Trump said, We just signed with China the other day, and added that a trade agreement with India may soon...

Mahathir urges ASEAN unity against US tariffs, warns of long-term economic fallout
Mahathir urges ASEAN unity against US tariffs, warns of long-term economic fallout

Former Malaysian Prime Minister Tun Dr. Mahathir Mohamad has called on ASEAN nations to form a united front in their dealings with the United States, warning that Washingtons increasingly protectionist stanceparticularly under former President Donald Trumps tariff-heavy policiescould trigger a...

US-China reach deal on rare earths, student visa easing amid trade talks
US-China reach deal on rare earths, student visa easing amid trade talks

Following two days of intense negotiations in London, the United States and China announced a preliminary deal aimed at reducing escalating trade tensions. US President Donald Trump revealed that China agreed to supply rare earth metals and magnets to US companies, while the US would withdraw its...

Trump’s tariffs could push Walmart prices higher, Treasury chief concedes
Trump’s tariffs could push Walmart prices higher, Treasury chief concedes

Treasury Secretary Scott Bessent acknowledged on Sunday that Walmartthe countrys largest retailermay pass some of the cost burden from President Donald Trumps new tariffs onto consumers, potentially leading to price hikes, reports AP. The admission followed a conversation between Bessent and...

Tariff rollback eases China layoff crisis, but job market struggles continue
Tariff rollback eases China layoff crisis, but job market struggles continue

Chinese factory worker Liu Shengzun lost two jobs in April as U.S. tariffs surged, forcing shutdowns at a Guangdong lighting plant and a shoe factory. Though a recent tariff rollback has helped calm fears of widespread layoffs, Liu has abandoned the search for factory work and returned to...

US-China agree to 90-day mutual tariff reduction in breakthrough deal
US-China agree to 90-day mutual tariff reduction in breakthrough deal

The United States and China have agreed to a temporary reduction of tariffs imposed on each others imports in a major development for international trade. US Treasury Secretary Scott Bessent announced that both countries will lower their respective tariffs by 115% for a duration of 90 days. The...

Bank of England expected to cut interest rates amid US tariff threat
Bank of England expected to cut interest rates amid US tariff threat

The Bank of England is expected to reduce interest rates on Thursday, responding to global trade uncertainty triggered by new U.S. tariffs under President Donald Trump. The nine-member Monetary Policy Committee (MPC) is widely anticipated to approve a 25-basis-point cut, lowering the benchmark...

Amazon dismisses claims of displaying tariff costs amid White House criticism
Amazon dismisses claims of displaying tariff costs amid White House criticism

Amazon has confirmed it has no plans to display tariff-related costs next to product prices on its platform, countering a report that triggered swift criticism from the White House, reports AP. The e-commerce giants statement followed a Punchbowl News report suggesting Amazon would show how much...

Designed in US, made in China: What’s the future of Apple?
Designed in US, made in China: What’s the future of Apple?

Though iPhone carries the label Designed in California, in reality, its production lies in Chinanow facing steep US tariffs, some as high as 245%. Apple sells over 220 million units of iPhones annually, and estimates suggest that around 90% are manufactured in China. From screens to...