trade war

Mark Rowan, CEO of Apollo Global Management (NYSE:APO), has publicly disagreed with Warren Buffett’s perspective on tariffs and trade, viewing them as a strategic instrument rather than a “weapon”. What Happened:  During an interview with Yahoo Finance at the Milken...

Former Vice President Mike Pence voiced his apprehensions about President Donald Trump‘s tariff policies, hinting at potential economic fallout and shortages. What Happened: Pence, during an interview with CNN’s Kaitlan Collins, expressed his belief that the broad-based tariffs...

The ongoing U.S.-China trade dispute may find resolution through the reported appointment of special envoys by Presidents Donald Trump and Xi Jinping. This could pave the way for better communication channels, analysts suggest. What Happened: The U.S. and China are grappling with how to...

President Donald Trump‘s intensifying trade war with China is stirring up dissatisfaction among young Americans. What Happened: Trump’s tariffs on Chinese goods are causing disruptions for young Americans who depend on affordable Chinese products and services. These tariffs have...

In a strategic move to stimulate domestic consumption, China is reportedly turning to the K-pop industry amid its ongoing trade war with the United States and a weakening domestic market. What Happened:  China is set to host K-pop group Epex for a concert in Fuzhou, Fujian province, on ...

The global copper market could experience a notable surplus over the next two years, as analysts anticipate rising production and weakening demand owing to rising international trade tensions. The International Copper Study Group (ICSG) concluded its biannual meeting in Lisbon this week, revising...

Apple Inc.’s (NASDAQ:AAPL) CEO Tim Cook has reportedly identified a crucial factor that could see iPhone manufacturing shift to the United States. What Happened: U.S. Commerce Secretary Howard Lutnick, in a conversation with CNBC's Brian Sullivan on "The Exchange" Tuesday,...

In a potential move towards de-escalation, China’s Commerce Ministry is said to be ‘assessing’ a U.S. offer to discuss the crippling 145% tariffs imposed by President Donald Trump. What Happened: The U.S. has extended an olive branch to Xi Jinping‘s China, proposing talks...

United Parcel Service Inc. (NYSE:UPS) has disclosed its intentions to lay off 20,000 employees and cease operations in 73 facilities. This decision is attributed to a considerable decline in deliveries for Amazon.com Inc. (NASDAQ:AMZN), its primary client, and the ongoing...

The Donald Trump administration is reportedly considering sweeping changes to Joe Biden-era restrictions on AI chip exports. What Happened: Trump officials are weighing a significant overhaul of the Framework for Artificial Intelligence Diffusion, a rule issued in January by the U.S. Commerce...

As the U.S. and China continue to send mixed signals about the progress of their trade talks, economists at Morgan Stanley project that both nations will begin negotiations and slowly decrease tariffs on Chinese imports to 60% by the end of Q2. What Happened: Despite the...

The Chinese commerce ministry stated that U.S.-imposed tariffs have adversely affected Chinese airlines and Boeing (NYSE:BA). The ministry has called on Washington to consider the grievances of these companies and promote a stable trade environment. What Happened: This marks Beijing’s first...

In a bid to navigate the impending U.S. tariffs, South Africa and several other countries have been reportedly seeking advice from Goldman Sachs since late February. What Happened: South African officials have been consulting with Goldman Sachs to devise strategies to mitigate the impact of the...

Analyst Ray Wang posted that major U.S. retailers, including Walmart and Target, have reportedly asked Chinese suppliers to resume shipments, with tariffs to be absorbed by the American retailers. What Happened: On Saturday, Wang posted on X that several Chinese exporters at the ongoing China...