trade war

The Polish customs authority has seized over 5 metric tons of tires for Boeing Co. (NYSE:BA) civilian aircraft due to transit through Russia, citing Western sanctions over Russia resulting from the invasion of Ukraine in February 2022. What Happened: Poland's National Revenue Administration says...

Treasury Secretary Scott Bessent has issued a fresh warning to the U.S.’s biggest trading partners, global markets, and economies on trade and tariffs. What Happened: On Sunday, Bessent warned that U.S. tariffs could soon snap back to their “reciprocal” levels seen during “...

As criticism mounts over the Donald Trump administration's AI chip deals with Gulf states, David Sacks and Sam Altman are pushing back, calling the partnerships a strategic win over China. What Happened: Trump announced multibillion-dollar AI partnerships between U.S. companies and Gulf nations,...

President Donald Trump has offered to travel to China to meet with President Xi Jinping. What Happened: In an interview with Fox News aired on Friday, Trump was asked if he wanted to speak with Xi on a foreign trip. In response, he said, "I would certainly," adding that the relationship between the...

A beat on earnings, soaring margins, and fresh buyback authorizations weren’t enough for investors of Applied Materials Inc. (NASDAQ:AMAT), as they remain fixated on China, volatility, and a widening guidance. What Happened: Shares of California-based Applied Materials are down 5.83% pre-...

The recent trade agreement between the U.K. and the U.S. has been met with disapproval from China, potentially adding more complexity to London’s ongoing efforts to rebuild its relations with Beijing. What Happened: The trade pact, which imposes strict security...

On Tuesday, Nvidia Corp. (NASDAQ:NVDA) CEO, Jensen Huang’s net worth stood at $114 billion, closing in on $120 billion, with the company’s stock rallying by nearly 15% this week, and reentering the $3 trillion market cap club. What Happened: This marks a sharp reversal in fortune for...

In a recent address at the China-CELAC Forum in Beijing, Chinese President Xi Jinping spoke about tariffs and trade war for the first time since the 90-day tariff relaxation between the U.S. and China. He also pledged economic support to LatAm and Caribbean countries and called for the region to...

In the wake of a 90-day suspension of most tariffs between the U.S. and China, President Donald Trump stated that he engaged in talks with Apple Inc. (NASDAQ:AAPL) CEO Tim Cook. What Happened: Trump revealed that Cook intends to boost Apple’s investment in U.S. operations. “I...

President Donald Trump referred to the European Union as “nastier than China” in Monday’s press briefing during the signing of an executive order aimed at lowering prescription drug prices. What Happened: Trump called on Europeans to shoulder more financial...

What Happened: On Monday, Former Treasury Secretary Larry Summers shared highlights on his X account from his appearance on CNN's “The Arena,” where he discussed the Trump administration's move to back off from its “extremely punitive” tariff regime against China. Summers...

The 145% tariff on Chinese imports, previously imposed by President Donald Trump, has reportedly put Walmart and Target supplier’s Huntar Company Inc.’s factory in China at risk of shutting down. What Happened: The tariff, which was effective from April 9, has caused a significant...

On Monday, the U.S. and China agreed to a temporary reduction in most tariffs on each other’s goods, marking a considerable easing of trade tensions. As a result, major tech stocks caught in the trade war, such as Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Nvidia Corp (NASDAQ:NVDA),...

For the first time since the COVID pandemic, zero cargo ships are on their way from China to the two primary ports in California. This sudden halt in trade comes in the wake of the Trump administration imposing substantial tariffs on Chinese imports. What Happened: According to a report, no cargo...

President Donald Trump has expressed a readiness to drastically cut U.S. tariffs on Chinese imports, hinting at a potential 80% tariff as the new rate. What Happened: President Trump is considering a significant reduction in tariffs on Chinese goods. This move is interpreted as an effort...