Economy News

Economy

China Escalates Trade War with US, Raising Retaliatory Tariffs to 84% Starting This Thursday

China escalates the trade war by increasing retaliatory tariffs on the US to 84%, effective this Thursday. The move responds to US tariffs and has shaken global markets, raising fe...

Economy

Trump's 90-Day Tariff Suspension Shakes Markets: Exchange Rate Plummets, KOSPI Skyrockets

President Trump's 90-day suspension of reciprocal tariffs has led to a significant drop in the exchange rate and a 5% rise in the KOSPI index, with global trade implications and ma...

Economy

Vietnam's Deputy PM Ho Duc Phoc Engages in Critical Tariff Negotiations with U.S. Treasury Secretary

Vietnam's Deputy PM Ho Duc Phoc is in the U.S. for crucial tariff negotiations amid new U.S. tariffs hitting Vietnam with a 46% rate. Meetings with U.S. officials and company execu...

Economy

China's CPI Decline Slows to 0.1% in March, Signaling Economic Resilience Amid Challenges

China's CPI decline slowed to 0.1% in March from 0.7% in February, indicating slight economic stabilization. However, monthly CPI and PPI data suggest continuing challenges, with f...

Economy

Fed's Kashkari Warns of Economic Downturn Risks Despite Temporary Tariff Relief

Minneapolis Federal Reserve President Neel Kashkari warns of potential economic downturn due to uncertainty, despite a 90-day tariff pause. Market instability and labor market conc...

Economy

Japan's March Producer Prices Surge 4.2%, Exceeding Forecasts Amid Economic Shifts

Japan's producer price index rose by 4.2% in March year-on-year, exceeding expectations. The report also highlights a 0.4% monthly increase in PPI, with export prices up by 0.8% an...

Economy

Exclusive: Canada and Mexico Left Out of Trump's 90-Day Tariff Suspension, Sources Reveal

Canada and Mexico are not part of US President Donald Trump's 90-day tariff suspension, contrary to earlier statements. They remain under existing tariffs but avoid an additional 1...

Economy

President Trump Open to Dialogue with Xi Jinping Amidst Trade Tariff Tensions

President Donald Trump has shown readiness to discuss trade tariffs with Chinese President Xi Jinping, praising him as a friend and a smart leader. Amidst tariff adjustments, Trump...