trade war

The United States is bracing for a potential acceleration in inflation, with a significant depreciation of the dollar now identified as a key contributing factor, according to a new analysis by Torsten Sløk, the chief economist at Apollo. What Happened: As per Sløk’s analysis, a 10%...

Japan's chief trade negotiator, Ryosei Akazawa, said that the country cannot accept U.S. President Donald Trump's 25% auto tariffs as trade talks continue with the seventh round set to take place in Washington. What Happened: "We have repeatedly explained to the U.S. that Japan's automobile...

Tesla Inc. (NASDAQ:TSLA) has signed an energy storage deal with Shanghai amid trade uncertainty between Washington and Beijing. What Happened: Tesla will set up its first grid-scale energy storage station in Shanghai, using the company's Megapack batteries, Reuters reported on Friday. The deal...

In the ongoing tariff negotiations, the United States is reportedly urging Vietnam to reduce its reliance on Chinese technology in the production of devices that are later exported to the U.S. What Happened: The U.S. is pressuring Vietnam to decrease its use of Chinese technology in the production...

Officials from the Trump administration expect China to lift restrictions on exports of rare earth alloys, minerals, and magnets, as trade negotiations between Washington and Beijing continue in London. What Happened: "The purpose of the meeting today is to make sure that they're serious, but to...

Lucid Group Inc. (NASDAQ:LCID) has signed a multi-year agreement with Graphite One as ongoing restrictions on exports of critical materials by the Chinese government pose supply chain disruptions. What Happened: "A supply chain of critical materials within the United States drives our nation’...

President Donald Trump's 50% Tariff on steel imports could drive up the costs for auto manufacturers in the U.S. as the sector scrambles to restructure its supply chain. What Happened: Trump's decision to impose the tariffs will push prices higher in the auto industry, Bloomberg's Matthew Miller...

The Aluminium Association of Canada (AAC) has condemned the U.S. government's move to impose a 50% tariff on Canadian aluminum, calling it a protectionist misfire that risks destabilizing North America's integrated manufacturing base and driving higher inflation across key sectors. "A 50% tariff on...

Automakers worldwide have criticized China's restrictions on rare earth minerals and magnets, which are crucial to automotive production, amid ongoing U.S.-China trade tensions. What Happened: Automakers from the U.S., Europe, Japan, and India have raised alarms over China's export curbs on raw...

China has called on the United States to entirely withdraw the unilateral tariff measures that a U.S. federal court recently blocked. What Happened: The Xi Jinping-led nation has requested the United States to “fully cancel the wrongful unilateral tariff measures,” as per...

CEO of JPMorgan Chase (NYSE:JPM), Jamie Dimon, has reportedly made a commitment to intensify the bank’s association with Chinese capital markets. What Happened: Dimon’s pledge follows a meeting with high-ranking Chinese officials, including Beijing’s chief trade negotiator,...

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...