News
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A tiny Australian outpost gets a steep Trump tariff despite few exports
Reciprocal tariffs of 29% levied on Norfolk Island's exports to USUS data shows it has had trade deficits with island for past 3 yearsIsland's main industry is tourism, some of its business owners sayBy Byron Kaye and Christine ChenSYDNEY, April 3 (Reuters) - For Richard Cottle, owner of a c...Reuters
Thu, Apr 3
INSTANT VIEW-Hefty Trump tariffs surprise markets, stocks slide
April 2 (Reuters) - U.S. President Donald Trump further escalated a trade war on Wednesday by announcing he would impose reciprocal tariffs to match duties put on U.S. goods by other countries."It's our declaration of independence," Trump said at an event in the White House Rose Garden. ...Reuters
Thu, Apr 3
IMF sees Japan sustainably hitting central bank's inflation target
Risks to Japan's growth tilted to downside, IMF saysRisks to inflation broadly balanced, food inflation to moderateIMF urges BOJ to keep phasing out monetary supportBOJ must raise rates in 'data-dependent, flexible' mannerBy Leika Kihara TOKYO, April 3 (Reuters) - Japan is showing sig...Reuters
Thu, Apr 3
ANALYSIS-Trump tariffs pile stress on ailing world economy
Trump tariffs come as global economy already sub-parMeasures seen bad for growth, adding to price pressuresLong-term questions grow over US role in global economyFitch sees U.S. tariffs on all imports jumping to 22%By Mark John, Francesco Canepa and Leika Kihara LONDON/TOKYO, April 3 (Reuters) - ...Reuters
Thu, Apr 3
China's Commerce Ministry: Will take countermeasures on Trump's tariffs
Responding to US President Donald Trump's “reciprocal tariffs” on Thursday, China’s Commerce Ministry stated that it “firmly opposes U.S. tariffs and will resolutely take countermeasures to safeguard its rights and interests.”
Fxstreet
Thu, Apr 3
Taiwan-US a driver of shared prosperity, US business group says after tariffs
TAIPEI, April 3 (Reuters) - The Taiwan-U.S. partnership is a driver of shared economic prosperity and central to supply chain security and stability in the region, the American Chamber of Commerce in Taiwan said on Thursday after U.S. tariffs were announced.U.S. President Donald Trump on Wednesday a...Reuters
Thu, Apr 3
TREASURIES-Yields dive as investors seek shelter from latest Trump tariffs
SINGAPORE, April 3 (Reuters) - U.S. Treasury yields dived to multi-month lows on Thursday as investors poured into safe-havens and ramped up bets of more Federal Reserve rate cuts after U.S. President Donald Trump unleashed larger-than-expected tariffs on the world.Trump on Wednesday unveiled a 10% ...Reuters
Thu, Apr 3
China's services activity rises to three-month high, Caixin PMI shows
New services business growth strongest since DecemberStaffing levels decline at quickest pace in nearly a year BEIJING, April 3 (Reuters) - China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey...Reuters
Thu, Apr 3
RBA FSR: US tariffs could have a chilling effect on business investment and consumer spending
In its Financial Stability Review (FSR) published on Thursday, the Reserve Bank of Australia (RBA) warned that the US “tariffs could have a chilling effect on business investment and consumer spending.”Fxstreet
Thu, Apr 3
QUOTES-Trade and labor associations, analysts on Trump's reciprocal tariffs
April 2 (Reuters) - President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Trading partners are exp...Reuters
Thu, Apr 3
Australia’s Trade Surplus decreases to 2,968M MoM in February vs. 5,600M expected
Australia’s trade surplus decreased to 2,968M MoM in February versus 5,600M expected and 5,156M (revised from 5,620M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.Fxstreet
Thu, Apr 3
