Tariffs
As the cost of President Donald Trump's tariffs continues to rise, Trump has escalated his war against Federal Reserve Chairman Jerome Powell, threatening a "major lawsuit" against him for the $2.5 billion cost of the Fed renovation. The latest Consumer Price Index (CPI) report shows
Tariffs
The Malaysian rubber market rallied on Tuesday, buoyed by stable benchmark crude oil prices and the extension of the US-China tariff truce by 90 days. This move eased trade tensions and lifted investor sentiment across the region. Despite some mixed trends in regional rubber futures markets and a slightly stronger
Tariffs
As U.S. President Donald Trump's tariffs continue to have a ripple effect on the economy, economists at Goldman Sachs warn that the burden of the tariffs will increasingly be passed on to consumers, exacerbating inflation. Although American businesses have borne most of the brunt of the tariffs
Tariffs
Markets will closely monitor the upcoming US Consumer Price Index (CPI) release on August 12, which could indicate whether rising tariffs have led to higher inflation. Policymakers will face a crucial decision on whether to prioritize combatting inflation or promoting employment. This week's CPI data could be a
Tariffs
Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping engaged in a one-hour conversation on Monday, discussing the implications of US President Donald Trump's steep tariffs on Brazilian and Chinese goods, which have reached 50%. This development comes as Lula sought to explore a coordinated
Tariffs
The US tariffs on South African goods are having a profound impact on the country's economy and maritime trade. The tariffs, which amount to 30% of the value of goods exported to the US, are stifling high-value exports, increasing costs for importers, and redirecting cargo flows towards exempted
Tariffs
The US has more than doubled tariffs on Indian imports, imposing a 50 per cent duty on goods exported from India, a move that will significantly impact the earnings of companies involved in diamond polishing, shrimp, and home textiles. The additional 25 per cent tariff, imposed on top of the
Tariffs
US prices continued to rise in July, with an annualized inflation rate of 2.7% higher compared to the same month last year, according to the consumer price index (CPI). Although the inflation rate remained steady between June and July, core inflation, which excludes energy and food, accelerated to 3.
Tariffs
US consumer price inflation data released on Tuesday showed annual inflation remaining at 2.7% in July, while core CPI increased to 3.1% from 2.9% in June. Contrary to expectations, the tariffs implemented in July did not result in significant price increases, with businesses absorbing most of the
Tariffs
The US and the European Union have agreed on a framework intended to guide future adjustments to their trade relationship, aiming to address trade barriers, economic security measures, and investment goals. The framework outlines a prospective tariff structure, significant E.U. investment and energy purchase goals, and a roadmap for
Tariffs
The US and China have agreed to extend their tariff deadline by 90 days, a move that has been welcomed by financial markets, particularly in Japan and Australia, which have seen significant gains following the announcement. The extension, which prevents the imposition of higher tariffs on China until November 10,
Tariffs
The United States and China have extended their pause on higher tariffs, easing concerns about the impact of their trade war on oil consumption. As a result, oil prices have remained relatively stable, with Brent crude futures trading at $66.61 a barrel and US West Texas Intermediate crude futures
