Economy News

Economy

South Korea Seeks U.S. Tariff Exemption for Copper Products Amidst Rising Trade Tensions

South Korea's trade association urges the U.S. to exempt its copper products from tariffs, citing minimal market share and significant U.S. investments. Concerns over impacts on po...

Economy

U.S. Tariffs Shake Global Smartphone Manufacturing: A Deep Dive into the Industry's Future

The U.S. government's new tariffs aim to relocate manufacturing back to America, putting the global smartphone and semiconductor industries at a crossroads. Experts discuss the cha...

Economy

March Sees a Dip in US Small Business Optimism: NFIB Report Highlights Concerns

The NFIB reports a drop in US small business optimism in March, with the index falling below the 51-year average. Concerns over taxes and labor quality rise, while sales expectatio...

Economy

ECB's Simkus Advocates for a 25-Point Rate Cut in April to Ease Monetary Policy

ECB's Gediminas Simkus urges a 25-point rate cut in April to adopt a less restrictive monetary policy, citing U.S. tariffs as a key factor. He excludes a 50-point cut, predicting t...

Economy

ECB's de Guindos Raises Alarm: Escalating US Tariffs Could Spark Full-Blown Global Trade War

ECB Vice President Luis de Guindos warns that new US tariffs could lead to a full-blown trade war, marking a significant shift towards global economic fragmentation and worse-than-...

Economy

Singapore PM Warns: US's 10% Universal Tariff Could Derail Our Trade-Dependent Economy

Singapore's Prime Minister Lawrence Wong warns that the US's new 10% universal tariff could severely impact Singapore's trade-dependent economy, with potential revisions to growth ...

Economy

Fitch Upgrades Outlook for Six Major Chinese Banks to Stable Amid Economic Challenges

Fitch Ratings has improved the outlook for six major Chinese banks to Stable, reflecting confidence in government support and better financial health amidst economic challenges.

Economy

EU Automotive Leaders Call for Immediate Response to US Tariff Threats Amid Trade Concerns

European automotive leaders met with Ursula von der Leyen to discuss the adverse effects of US tariffs on trade and supply chains, urging swift implementation of the Automotive Act...