Tariffied? Markets feeling the most pinch from Trump tariff risks
6 days, 15 hours ago

Tariffied? Markets feeling the most pinch from Trump tariff risks

The Hindu  

From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks. But traders, speculating that tariffs could boost U.S. inflation, anticipate just 40 bps of Fed rate cuts, enhancing the dollar's appeal over the euro. A full-fledged trade war necessitating additional Canadian rate cuts could push the loonie to the 1.50 mark against the U.S. dollar, said ING's Pesole. Monday's tariff news, later denied by Trump, sent the peso up as much as 2% before it pared gains, highlighting that volatility may continue as trade along the U.S. southern border remains a target for the President-elect.

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History of this topic

Dollar rises to 2-year high after strong data dims rate-cut prospects
1 day, 15 hours ago

Dollar rises to 2-year high after strong data dims rate-cut prospects

Live Mint  

The dollar hit fresh highs against several currencies, continuing its rise after Friday’s strong U.S. jobs data further dimmed prospects for Federal Reserve interest-rate cuts this year. Continued weakness in the yuan saw Chinese officials pledge to defend the currency as prospects of U.S. trade tariffs raise concerns. “The big question for the market now is whether the Fed really …

China’s export boom means Trump tariffs would hit Beijing where it hurts
1 day, 18 hours ago

China’s export boom means Trump tariffs would hit Beijing where it hurts

Live Mint  

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Aside from 2021, when consumers the world over were gorging on Chinese-made home appliances, fitness equipment and computer gear during Covid-19 lockdowns, that would mark trade’s biggest contribution to …

Yuan eases to 16-month low, pressured by strong dollar
6 days, 21 hours ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China …

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
1 week ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

ECB’s Knot Says Trade War Could Export China Deflation to Europe
2 weeks, 1 day ago

ECB’s Knot Says Trade War Could Export China Deflation to Europe

Live Mint  

-- China may start selling its products to Europe at discounted rates if the US starts a trade war by imposing new tariffs, according to European Central Bank Governing Council member Klaas Knot. “In this way, China is, as it were, exporting its deflation to us.” Policymakers around the world are watching the US for potential trade levies when Donald …

Why the US should think twice before launching another tariff war?
3 weeks ago

Why the US should think twice before launching another tariff war?

China Daily  

Shipping containers are stored at the Port Newark Container Terminal in Newark, New Jersey, on July 21, 2022. In a move that surprised no one, US President-elect Donald Trump once again played the "tariff card," threatening an additional 10 percent tariff on all Chinese products entering the United States, citing a most far-fetched excuse of US drug problems. Here are …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Brokerages see uncertain 2025 on worries over potential Trump tariffs
4 weeks ago

Brokerages see uncertain 2025 on worries over potential Trump tariffs

Live Mint  

Dec 17 - Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump's proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy. World economies and equity markets have had a robust year, …

It's time to guard against excessive RMB exchange rate adjustments
4 weeks, 2 days ago

It's time to guard against excessive RMB exchange rate adjustments

China Daily  

CAI MENG/CHINA DAILY With the final chapter of the US presidential election now written and President-elect Donald Trump's strong return to politics, market concerns are rising that the United States might again implement policies that could weaken the Chinese yuan, or the renminbi. Influence channels These measures would influence the yuan exchange rate via China's balance of payments and supply-demand …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
1 month ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

China signals it's prepared to double down on support for the economy as Trump tariffs loom
1 month ago

China signals it's prepared to double down on support for the economy as Trump tariffs loom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Leaders of the ruling Communist Party wrapped up their …

Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts
1 month ago

Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts

Live Mint  

Although US CPI inflation recorded its sharpest increase in seven months, it aligned with forecasts and did not disrupt expectations of a 25 bps rate cut by the US Federal Reserve next week. However, the November inflation data highlighted that the Fed still faces significant challenges in bringing inflation below its 2 per cent target, leaving the outlook for future …

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
1 month ago

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

Firstpost  

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025 As per analysts, the yuan may fall to 7.37 per dollar by the end of 2025, though a key factor will be how much Donald Trump raises tariffs …

Are fears of higher tariffs leading you to stockpile goods?
1 month ago

Are fears of higher tariffs leading you to stockpile goods?

CNN  

New York CNN — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an additional 10% tariff on Chinese goods. These tariffs have …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
1 month ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

Cushioning headwinds
1 month, 1 week ago

Cushioning headwinds

China Daily  

Hong Kong found itself at the heart of a seismic shift as dignitaries and business leaders from the world's two largest economies gathered in the city just days after Donald Trump scored a resounding victory in the United States presidential election in November. "But that doesn't mean that politics will lead us in that direction," he told the US-China Hong …

Cushioning headwinds
1 month, 1 week ago

Cushioning headwinds

China Daily  

Hong Kong found itself at the heart of a seismic shift as dignitaries and business leaders from the world's two largest economies gathered in the city just days after Donald Trump scored a resounding victory in the United States presidential election in November. "But that doesn't mean that politics will lead us in that direction," he told the US-China Hong …

Trump's tariff threats target BRICS nations
1 month, 1 week ago

Trump's tariff threats target BRICS nations

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-03 09:36 People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — …

Trump's tariff threats target BRICS nations
1 month, 1 week ago

Trump's tariff threats target BRICS nations

China Daily  

People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — that do not use the dollar as their reserve currency. "We require a …

Trump's tariff threats target BRICS nations
1 month, 1 week ago

Trump's tariff threats target BRICS nations

China Daily  

People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — that do not use the dollar as their reserve currency. "We require a …

Trump's tariff threats target BRICS nations
1 month, 1 week ago

Trump's tariff threats target BRICS nations

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-03 09:36 People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — …

How far Donald Trump’s BRICS tariff threat can become a reality
1 month, 1 week ago

How far Donald Trump’s BRICS tariff threat can become a reality

Firstpost  

Too many overlapping tariffs are likely to harm American interests by raising domestic consumer prices. To put American interests first, President Trump might have to balance his initiatives in Trump 2.0 and distinguish sharply between friend and foe Trump wants reciprocity from perceived friends in Europe, the EU, and NATO, as well as strategic partners such as India and Taiwan …

China's yuan slides to 4-month low on tariff threats and mixed PMI data
1 month, 1 week ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 2 weeks ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

When it comes to trade and tariffs, Trump’s bark may be worse than his bite
1 month, 2 weeks ago

When it comes to trade and tariffs, Trump’s bark may be worse than his bite

The Independent  

According to Donald Trump, “the most beautiful word in the dictionary” is “tariff”. He’s also determined to target the import of Chinese cars from Mexico, threatening “whatever tariffs are required – 100 per cent, 200 per cent, 1,000 per cent”. Previously, as well as attacking Chinese cars from Mexico, Trump has spoken of 60 per cent charges on goods from …

'Significant consequences': Major bank comes out swinging against Trump’s latest plan
Trending News
1 month, 2 weeks ago

'Significant consequences': Major bank comes out swinging against Trump’s latest plan

Raw Story  

Critics of President-elect Donald Trump's proposal for aggressive new tariffs were hoping he would back down from that idea — but he announced this week that he plans to move forward as soon as he is sworn into office — and proposed 25% across-the-board tariffs on all goods imported into the United States from Mexico and Canada. "The 25% levy …

What Trump’s new tariff threats mean for the US economy
Trending News
1 month, 2 weeks ago

What Trump’s new tariff threats mean for the US economy

Live Mint  

The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese …

Trump tariff vow hit
1 month, 2 weeks ago

Trump tariff vow hit

Live Mint  

By Alden Bentley NEW YORK, - A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs. But, of course, the peso is vulnerable to falling into those multi-year lows against the U.S. …

Trump's tariff pledge for China drives dollar up, pushes most Asian markets down
1 month, 2 weeks ago

Trump's tariff pledge for China drives dollar up, pushes most Asian markets down

Firstpost  

US President-elect Donald Trump has warned that he would impose huge new tariffs on China, Mexico and Canada on his first day in office Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a …

Trump's tariffs may be targeted at others — but they could impact you too
1 month, 2 weeks ago

Trump's tariffs may be targeted at others — but they could impact you too

NPR  

Trump's tariffs may be targeted at others — but they could impact you too toggle caption Ulises Ruiz/AFP via Getty Images President-elect Donald Trump is threatening to impose steep tariffs on America's biggest trading partners unless they do more to stop the flow of illegal drugs and immigrants. Tariffs may be targeted at others — but Americans would also feel …

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
1 month, 3 weeks ago

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Higher tariffs on Chinese exports …

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report
Trending News
1 month, 3 weeks ago

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report

Live Mint  

The US could impose nearly 40 per cent tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to one percentage point. However, most economists also said they do not expect blanket 60 per cent tariffs on Chinese goods in early 2025 as this could accelerate inflation within the US. "We expect …

Donald Trump may impose 40% tariffs on China in early 2025: Report
1 month, 3 weeks ago

Donald Trump may impose 40% tariffs on China in early 2025: Report

India Today  

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point. The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on November 5, also predicts that the President-elect will resist …

New Tariff War Would Be M.A.D.
1 month, 4 weeks ago

New Tariff War Would Be M.A.D.

China Daily  

Bloomberg BS shows the main victims of any illegal tariff war by war criminal, The Donald, will be its own vassals. The Great Satan itself will also be affected positively in its trade position, but negatively in its GDP according to Asia Times Online, which is based in Hong Kong but which jewish Amerikan, David P. Goldman, admits he's commandeered …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 4 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China prepares to retaliate against potential trade war with Donald Trump
1 month, 4 weeks ago

China prepares to retaliate against potential trade war with Donald Trump

Firstpost  

China is reportedly preparing to counter potential US tariffs, setting the stage for an economic tit-for-tat that could further strain relations. China is preparing for potential retaliation against new tariffs if Donald Trump restarts the trade war upon his return to the Oval Office next year. China will strike back in the first rounds of another Trump trade war to …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 4 weeks ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

Amid fears of inflation & tariffs under Trump, Asian markets continue losing streak
2 months ago

Amid fears of inflation & tariffs under Trump, Asian markets continue losing streak

Firstpost  

Asian markets fell on Wednesday due to concerns over the economic impact of Donald Trump’s presidency, including potential trade conflicts with China and a resurgence of US inflation driven by his policy shifts Asian markets fell again Wednesday as traders fret over the impact of Donald Trump’s presidency on the Chinese and global economies, with fears that his policies could …

Most Asian markets extend losses as Trump fears build
2 months ago

Most Asian markets extend losses as Trump fears build

Hindustan Times  

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation. Most Asian markets extend losses as Trump fears build The prospect of prices spiking again on the back of tax cuts, import tariffs, and an easing of regulations gave …

US dollar and bitcoin advance spurred by Trump tariff expectations
2 months ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

* Dollar index rises to 6-1/2-month high * Bitcoin hits record high on Trump tariff promise * Euro sinks to lowest since November 2023 By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, - The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary …

US dollar and bitcoin advance spurred by Trump tariff expectations
2 months ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. "It's still an extension of …

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs
2 months ago

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs

Hindustan Times  

SHANGHAI, - China's yuan skidded to a 3-1/2-month low against the dollar on Tuesday, hurt by broad strength in the U.S. currency and persistent market worries over higher tariffs on Chinese goods during Donald Trump's second presidency. During Trump's first presidency, the yuan weakened about 5% against the dollar in the initial round of U.S. tariffs on Chinese goods in …

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?
2 months ago

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?

Firstpost  

Donald Trump’s return as US President could bring significant economic shifts, with proposed tariffs and stricter immigration policies affecting global trade and emerging markets. These tariffs could also affect global economic growth, with the International Monetary Fund projecting it at just 3.2 per cent for next year. In a recent interview, IMF First Deputy Managing Director Gita Gopinath stated that …

Europe’s economy faces sink-or-swim moment as Trump returns
2 months ago

Europe’s economy faces sink-or-swim moment as Trump returns

Live Mint  

Wall Street’s verdict is clear: A second Trump presidency is likely to deliver a blow to an export-dependent European Union that is struggling with sclerotic economic growth and ever-multiplying political crises. “I want German car companies to become American car companies," Trump said last month while holding a rally in Savannah, Ga. “If you don’t make your product here, then …

China anxious as Trump victory may intensify trade wars
Trending News
2 months ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

‘Announce bigger stimulus’, export controls: How China is prepared for Trump amid 60% tariff risks
2 months, 1 week ago

‘Announce bigger stimulus’, export controls: How China is prepared for Trump amid 60% tariff risks

Live Mint  

When Donald Trump first started a trade war with China in 2018, Beijing found itself on the back foot and unsure of how to respond. Goldman Sachs Group Inc. said last week that steeper trade restrictions on China may force Xi’s hand to bolster domestic consumption, something the Communist Party has traditionally sought to avoid. “What China will do is …

EU puts trade war with China on the cards
2 months, 1 week ago

EU puts trade war with China on the cards

China Daily  

By Li Yang | China Daily | Updated: 2024-11-07 07:34 JIN DING/CHINA DAILY At a parliamentary confirmation hearing on Monday, EU trade chief-in-waiting Maros Sefcovic clearly showed his tough stance on the European Union's trade issues with China. Regarding the ongoing negotiations between China and the EU over the "anti-subsidy" tariffs the latter slapped on Chinese-made electric vehicles from Oct …

EU puts trade war with China on the cards
Top News
2 months, 1 week ago

EU puts trade war with China on the cards

China Daily  

JIN DING/CHINA DAILY At a parliamentary confirmation hearing on Monday, EU trade chief-in-waiting Maros Sefcovic clearly showed his tough stance on the European Union's trade issues with China. Regarding the ongoing negotiations between China and the EU over the "anti-subsidy" tariffs the latter slapped on Chinese-made electric vehicles from Oct 30, Sefcovic seemed to miss the point, saying that the …

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