Business News

Investing.com-- China’s 84% retaliatory tariffs on the U.S. took effect from midday, Chinese time, on Thursday, marking an escalation in a steadily worsening trade war with the United States. China’s 84% tariffs on U.S. goods went into effect from 12:01 CST (04:00 GMT), several local media outlets reported. This came just as U.S. President Donald Trump’s increased 125% tariffs on China took effect. China had largely decried Trump’s increased tariffs, and had vowed dire retaliation for the new duties. Beijing was also excluded from Trump’s 90-day exemption for countries targeted by his so-called reciprocal tariffs.  China’s 84% tariffs were in response to Trump initially imposing 104% tariffs on the country. But the U.S. president...

© Reuters. FILE PHOTO: Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Billionaire investor Bill Ackman said on Thursday China was now isolated and other U.S. trading partners were lining up to make deals following President Donald Trump’s stunning reversal of his tariff decision. Trump said on Wednesday said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China. "Time is not China’s friend as every U.S. corporation with a supply chain based in China is seeking to move it to countries that are likely to make favorable tariff...

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 9, 2025. REUTERS/Joachim Herrmann/File Photo a huge beneficiary of global manufacturers’ "China plus one" strategy that aims to diversify supply chains - said on Thursday it had come to an agreement with the United States to launch negotiations for a trade pact. Chinese stocks opened on a strong note on Thursday and Hong Kong’s Hang Seng Index surged 4%, even as the onshore yuan tumbled to its weakest level in more than 17 years. Some analysts attributed the rise to hopes for talks between the world’s two largest economies, as well as support from Beijing for the markets and the economy. A manic bond...

© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 9, 2025. REUTERS/Brendan McDermid The searing selloff in Treasuries this week in response to tariffs caused dislocations in the world’s biggest bond market, as hedge funds unwound some debt-fuelled bets and investors raised concerns about lasting damage to U.S. markets. While the market participants, who include brokers, traders and investors, said the selloff was orderly, indicators such as bid-ask spreads -- or the difference between buyers’ and sellers’ asks -- were widening on Wednesday. One trading desk said the bid-ask spread was double its normal levels. Treasury yields pared back some of their gains on Wednesday after...

© Reuters. FILE PHOTO: Shoppers browse a Walmart Supercenter a day after U.S. President Donald Trump announced new tariffs, in Secaucus, New Jersey, U.S. April 3, 2025. REUTERS/Siddharth Cavale/File photo U.S. consumer prices likely increased marginally in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations. The report from the Labor Department on Thursday will likely capture only a fraction of the first wave of Trump’s barrage of import duties, including a 20% tariff on Chinese goods, and levies on steel and aluminum. Trump sees tariffs as a tool to raise revenue to offset his promised tax cuts and to revive a...

© Reuters. FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid/File Photo By David Kirton SHENZHEN, China (Reuters) -Chinese companies that sell products on Amazon (NASDAQ:AMZN) are preparing to hike prices for the U.S. or quit that market due to President Donald Trump’s unprecedented tariff hikes, sellers and the head of China’s largest e-commerce association said. Trump said on Wednesday he would raise tariffs on Chinese imports to 125% from the 104% level already in effect, escalating the high-stakes confrontation between the two world’s largest economies. "This isn’t just a tax issue, it’s that the entire cost structure gets...

© Reuters. FILE PHOTO: Australian Deputy Prime Minister and Defence Minister Richard Marles speaks during a tour of the Sheffield Forgemasters site, where steel used in defence programmes including a future fleet of nuclear-armed submarines is manufactured, in Sheff Australia on Thursday declined Beijing’s proposal to work together to counter U.S. tariffs, saying instead it would continue to diversify its trade and lower its reliance on China, its largest trading partner. "We are not going to be holding hands with China in respect of any contest that is going on in the world," Deputy Prime Minister Richard Marles told Sky News, referring to the Chinese ambassador’s proposal for countries to "join hands" on trade. "We are not doing...

© Reuters. FILE PHOTO: Taiwan Foreign Minister Lin Chia-lung makes a speech at a press conference for foreign media in Taipei, Taiwan, July 19, 2024. REUTERS/Ann Wang By Ben Blanchard and Faith Hung TAIPEI (Reuters) -U.S. President Donald Trump’s 90-day pause on most tariffs gives breathing space for more in-depth talks, and Taiwan hopes to take advantage of the "huge" U.S. market for more balanced trade, the island’s foreign minister said on Thursday. In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, pushing global stocks higher. Taiwan had been due to be hit with a 32% tariff, sending its stock...

© Reuters. FILE PHOTO: Yen and U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Traders swept back into safe havens like the yen and Swiss franc and sold the Australian dollar on Thursday, after U.S. President Donald Trump ramped up his trade war against China even as he abruptly paused tariffs for 90 days on many other nations. Risk sensitive currencies surged overnight, with the yen and Swiss franc tumbling following Trump’s unexpected respite from the hefty reciprocal duties levied in his "Liberation Day" announcement from a week ago, which triggered historic stock and bond routs. The uptick in safe haven currencies came even with Asian stock markers surging, as...

© Reuters. FILE PHOTO: A passerby walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2025. REUTERS/Issei Kato/File photo The Japanese government on Thursday nominated Kazuyuki Masu, a former chief financial officer of Mitsubishi Corp , to join the Bank of Japan’s nine-member policy board. Masu would replace former Hitachi (OTC:HTHIY) executive Toyoaki Nakamura, seen as among the most dovish members of the central bank’s board. If formally approved by parliament, Masu would begin his five-year term on July 1, as Nakamura serves out his term a day before. He will fill a post traditionally reserved for a business executive on the BOJ board, which comprises academics, economists, career bureaucrats and...

© Reuters. FILE PHOTO: A woman looks at vegetables displayed at a stall at an outdoor market in Beijing, China January 12, 2024. REUTERS/Florence Lo/File Photo BEIJING (Reuters) -China’s consumer prices fell for the second straight month in March while producer deflation persisted, as caution grows over the economic outlook amid mounting tariff risks. The economy is off to an uneven start this year. A nascent pick-up in retail sales and robust expansion in factory activity have been countered by rising unemployment and deflationary pressures, fuelling calls for more stimulus amid a worsening global trade war. The consumer price index dropped 0.1% last month from a year earlier, National Bureau of Statistics data showed on Thursday...

© Reuters. FILE PHOTO: TV camera men wait for the opening of market in front of a large screen showing stock prices at the Tokyo Stock Exchange in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Global stocks rallied, the dollar found footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. Following a days-long market rout that erased trillions of dollars from global stocks and pressured U.S. Treasury bonds and the dollar, Trump on Wednesday announced a 90-day pause on many of his new tariffs in a shock reversal. The move sent Wall Street’s "Magnificent Seven" stocks tacking on more than $1.5...

© Reuters. U.S. Trade Representative Jamieson Greer testifies before a Senate Finance Committee hearing on U.S. President Donald Trump's trade policy, on Capitol Hill in Washington, D.C., U.S., April 8, 2025. REUTERS/Kevin Mohatt U.S. Trade Representative Jamieson Greer told lawmakers on Wednesday that President Donald Trump was not trying to re-invigorate trade with Russia by sparing Russian goods from new tariffs, but it was up to Trump whether to impose any future duties. Greer told the U.S. House Ways and Means Committee that Russia was excluded from the tariffs because it already was facing heavy U.S. sanctions and sectoral trade embargoes and did not enjoy "most favored nation" trading status, as were Belarus, Cuba and North...

06.03.2025 - Kerajaan akan terus memperkukuh hubungan ekonomi dan diversifikasi pasaran dengan negara-negara utama termasuk negara BRICS, selain memperluas kerjasama dengan negara-negara di Asia, Timur Tengah, Kesatuan Eropah (EU) dan rantau lain bagi mengurangkan kebergantungan kepada pasaran tunggal. Kementerian Pelaburan, Perdagangan dan Industri (MITI) berkata sebagai sebuah negara rakan kongsi BRICS, kerajaan akan terus memastikan kepentingan perdagangan Malaysia terpelihara dan tidak terhimpit di antara kuasa-kuasa besar dunia. Kedudukan Malaysia sebagai sebuah negara yang mempunyai ekonomi terbuka juga akan terus dipertahankan, kata kementerian itu menerusi jawapan lisan di laman sesawang Parlimen di sini hari ini. MITI menjawab...

06.03.2025 - Penyedia penyelesaian teknologi global, ZTE Corporation dan CelcomDigi menjalin kerjasama bagi menyepadukan teknologi kecerdasan buatan (AI) dalam infrastruktur telekomunikasi Malaysia. Di bawah kerjasama itu, dua syarikat berkenaan akan meningkatkan aspek seperti ketersambungan, memperkasakan perniagaan dan menyokong inisiatif digital kerajaan melalui penyelesaian yang dipacu oleh AI, termasuk pemeriksaan terperinci, operasi dan penyelenggaraan pintar. Dalam kenyataannya, Pengarah Urusan ZTE Malaysia Steven Ge berkata kerjasama dengan CelcomDigi juga menandakan langkah penting untuk membawa inovasi dipacu AI kepada sektor telekomunikasi Malaysia. “Menerusi penyepaduan penyelesaian AI yang paling maju, kami dapat...

Pasaran getah Malaysia dijangka kekal tidak menentu minggu depan selepas menerima penunjuk bercampur-campur dari pasaran serantau dan kebimbangan terhadap kekangan bekalan, menurut Persatuan Pengeluar Sarung Tangan Getah Malaysia. Harga getah mungkin akan terjejas dengan bekalan getah asli yang agak terhad disebabkan musim dingin dan hujan, selain usaha pemain pasaran yang sedang menjejaki pergerakan niaga hadapan getah serantau serta pertukaran asing. “Terdapat banyak kebimbangan yang berkaitan dengan tarif perdagangan Amerika Syarikat (AS) dan hubungan perdagangan AS-China, ditambah pula dengan rundingan damai Rusia-Ukraine, yang boleh menyebabkan ketidakstabilan di pasaran niaga hadapan getah serantau serta harga minyak mentah,”...

22.02.2025 - Presiden Amerika Syarikat Donald Trump pada Jumaat (21 Feb) berkata bahawa beliau akan menandatangani memorandum untuk mengenakan tarif ke atas negara-negara yang mengenakan cukai perkhidmatan digital ke atas syarikat teknologi negara itu. Seorang pegawai Rumah Putih, yang memberikan butiran tentang perintah itu berkata bahawa Encik Trump mengarahkan pentadbirannya untuk mempertimbangkan tindakan responsif, seperti tarif "untuk memerangi cukai perkhidmatan digital (DST), denda, amalan dan dasar yang dikenakan pemerintah asing ke atas syarikat-syarikat Amerika." Memorandum tersebut mengarahkan pejabat Perwakilan Perdagangan Amerika Syarikat supaya melakukan semula siasatan cukai perkhidmatan digital yang dimulakan pada...

19.02.2025 - Perdana Menteri Malaysia Anwar Ibrahim telah dinasihatkan oleh pegawai kerajaan AS untuk melembutkan retoriknya berkaitan perang Israel-Hamas bagi mengelakkan sebarang penelitian atau tindakan balas daripada Presiden AS Donald Trump. Perkara itu timbul ketika pegawai Malaysia semakin bimbang bahawa Trump boleh menjejaskan ekonomi yang dipacu eksport negara dengan tarif AS. Khususnya, mereka bimbang AS boleh mengambil tindakan selanjutnya terhadap industri semikonduktor negara Asia Tenggara yang berkembang pesat dan sekumpulan pelaburan pusat data berkuasa AI. Dalam pengumuman baru pada hari Selasa, Trump berkata beliau mungkin akan mengenakan tarif ke atas import kereta, semikonduktor dan farmaseutikal sekitar 25%. Malaysia...

02.02.2025 - China dengan tegas kesal dan menentang keputusan Amerika Syarikat (AS) untuk mengenakan tarif tambahan 10 peratus ke atas barangan yang diimport dari China dengan alasan isu fentanyl dan akan mengambil tindakan balas yang perlu untuk mempertahankan hak dan kepentingannya yang sah, kata jurucakap Kementerian Luar Negeri pada Ahad. Kedudukan China adalah teguh dan konsisten, kata jurucakap itu, sambil menyatakan bahawa tiada pemenang dalam perang perdagangan dan tarif. Kenaikan tarif unilateral AS sangat melanggar peraturan WTO. Langkah ini tidak dapat menyelesaikan masalah AS di dalam negeri dan yang lebih penting, tidak memberi manfaat kepada mana-mana pihak, malah dunia, kata jurucakap itu. Menurut jurucakap itu, China...

02.02.2025 - Kanada bersiap sedia menghadapi kegawatan ekonomi dan membentangkan pelan tindakan balas selepas Presiden Donald Trump menandatangani perintah eksekutif yang mengenakan 25% tarif ke atas hampir semua yang diimport AS dari negara itu, dan 10% ke atas tenaga. Perdana Menteri Justin Trudeau, bercakap dari Bukit Parlimen pada malam yang sangat sejuk di Ottawa, berkata langkah Trump menyebabkan kerajaannya tiada pilihan selain bertindak balas secara paksa. Kanada akan meletakkan 25% tarif balas pada produk buatan Amerika bernilai C$155 bilion ($107 bilion), mulai Selasa. Fasa pertama akan menyentuh kira-kira C$30 bilion barangan daripada pengeksport AS, termasuk jus oren, mentega kacang, wain, kopi, motosikal dan kosmetik...