The US plans to impose tariffs as high as 3521 per cent on imports from Cambodia, Thailand, Malaysia, and Vietnam, targeting Chinese-backed firms accused of unfair subsidies.
First-quarter earnings for Tesla missed expectations massively, with CEO Elon Musk’s political involvement and global trade tensions adding pressure to the electric vehicle giant’s struggling performance.
Uncertainty is testing the resilience of the global economy, with Australia set for slower-than-expected GDP growth, the International Monetary Fund says.
Australia will have close to the highest inflation among developed nations next year even as the global economy teeters on the brink through a trade storm and surging public debt, the IMF predicts.
New filings show Shein’s Australian sales leapt 25 per cent to $1.2 billion in the 12 months to December 31 , lifting net profit 42 per cent to $15.2 million.
Asian stock markets fought to hold their footing on Tuesday after a furious flight from US assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.
Macquarie Group is selling off its North American and European public investment businesses to Japanese banking and brokerage group Nomura in a deal worth about $2.8 billion.
Major US indexes have suffered steep losses as the US President renewed attacks on the Federal Reserve Chair, prompting investors to worry about the central bank’s independence amid Trump’s ongoing trade war.
China has issued a warning, saying it will retaliate against countries that cooperate with the US in ways that compromise Beijing’s interests, as the trade war threatens to embroil other nations.
Gold prices have reset record highs while stocks slid as investors fret over tariffs and President Donald Trump's criticism of the Federal Reserve chair.
Donald Trump has warned the world they must ‘right the wrongs’ carried out against the United States, adding he is ‘serious’ and it ‘won’t be easy for them’.