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The Sun
a day ago
- Business
- The Sun
Taiwan exports to US hit record high as tariff threat looms
TAIPEI: Taiwan's exports to the United States hit a record high in May, official data showed Monday, as the self-ruled island seeks to strike a deal with Washington to avoid hefty tariffs. US President Donald Trump slapped a 32 percent toll on Taiwanese products in April. It was later paused for 90 days, but a global 10 percent levy is still in place. As Taipei and Washington negotiate a trade deal, American companies have ramped up orders of Taiwanese-made high-tech products in case the higher tariff takes effect next month. Taiwanese shipments to the United States soared 87.4 percent in May from a year ago to US$15.5 billion, finance ministry figures showed. Both figures were a record high, Bloomberg News reported. Taiwan's total exports hit US$51.7 billion -- also the highest ever. Shipments of information, communication and audio-video products soared 111.1 percent and electronic parts were up 28.4 percent, the data showed. The overall growth 'was impressive but I would caution that a lot of it is because of export frontloading as the US may still apply tariffs on chips and exempted electronic products,' Michelle Lam, Greater China economist at Societe Generale SA, was quoted by Bloomberg as saying. 'We are bound to see a slowdown later in the year.' Taiwan's government has sought to avoid Trump's threatened levies by pledging increased investment in the United States, more purchases of US energy and greater defence spending. Its trade surplus with the United States is the seventh highest of any country, reaching $73.9 billion in 2024. Around 60 percent of Taiwan's exports to the United States are information and communications technology products, including semiconductors.
Mint
5 days ago
- Business
- Mint
Taiwan's Money-Market Rate Slump May Delay Central Bank Easing
(Bloomberg) -- A surge in the Taiwanese dollar last month spurred an influx of funds, driving local money-market rates to the lowest level in more than a year and potentially delaying monetary easing by the central bank. Taiwan's dollar has surged 11% since the end of March, which the central bank said was fueled by 'excessive' inflows from exporters and foreign investors. Meanwhile, overseas buyers poured almost NT$220 billion ($7.4 billion) into local equities in May as the benchmark index gained. That's bolstered liquidity in the interbank market — and the highest interest rate that financial institutions pay to borrow for one week has slid to a 14-month low. Taiwan is one of the few economies in Asia that hasn't kicked off an interest-rate-cut cycle as the elevated inflation and heated housing market offset concerns over the impact of global trade conflicts. Since corporate borrowing costs have already eased, policy makers may have more scope to keep rates on hold in their decision this month. 'The loose condition is beneficial for corporates to get loans from banks,' so the central bank should be in no rush to cut the reserve requirement ratio, Michelle Lam, Greater China economist at Société Générale SA, said in an interview. The front-loading of exports will keep demand resilient for now, so it's more likely to lower RRR or interest rates in December, or even next year, depending on the actual impact of tariffs. In addition to the repatriation of funds and securities inflows, Bumki Son, an economist at Barclays Bank, noted that if the central bank wants to ease the appreciation pressure on the currency, it needs to buy the greenback and sell the local dollar in the market — which is also increasing the supply of local currencies and thereby driving market rates lower. The monetary authority has urged trading firms to buy and sell the US dollar based only on their actual needs, and emphasized foreign investors would be violating regulations if they didn't put their money in securities as they reported. The central bank has stepped up efforts to mop up liquidity. The outstanding negotiable certificates of deposit climbed to a one-year high, with combined issuance in April and May amounting to some NT$630 billion, the most since 2020-2021 when a surge of the currency prompted similar efforts. 'Even if the central bank can drain funds through open market operations, it is sometimes difficult to fully absorb the excessive liquidity,' said Barclays' Son. More stories like this are available on
Time of India
14-05-2025
- Business
- Time of India
Tariffs ate 61% of fresh loans in China in April
China's new loans slumped sharply and credit expanded at a slower pace than expected in April, as escalating trade tensions with the US harmed sentiment. Financial institutions offered ¥285 billion ($40 billion) of new loans in the month, a drop of 61% from a year earlier to the lowest level since July, according to Bloomberg calculations based on data released by the People's Bank of China on Wednesday. The median forecast of economists surveyed was Yuan 700 billion . 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by Aggregate financing, a broad measure of credit, increased Yuan 1.2 trillion in April, also worse than the Yuan 1.4 trillion estimated by economists. The US hiked tariffs on China drastically throughout April before the two countries negotiated a truce this week that led to the temporary lifting of triple-digit levies. The willingness of companies in China to expand investment deteriorated sharply, with corporate mid- and long-term loans plunging almost 40% to Yuan 250 billion (approximately $35 billion ) in April from a year ago. Live Events "Both household and corporate loans were pretty weak," said Michelle Lam, Greater China economist at Societe Generale SA. "It is quite possible that US tariffs have weighed on private-sector sentiment." Since banks usually aren't in a rush to meet their loan targets at the beginning of each quarter, yuan financing tends to be slow in April. Credit figures in recent months have also been buoyed by the government's push to sell bonds earlier in the year than before, as policymakers sought to stabilise growth with more infrastructure investment. The stockpile of household mid and long-term loans, a proxy for mortgages, returned to contraction in April, indicating more loans were repaid than taken out. That's an ominous sign for the property market, which is struggling to bottom out after years of decline. With the economy pressured by US tariffs, the PBOC has acted to ease monetary policy. At a recent briefing, central bank Governor Pan Gongsheng announced across-the-board rate cuts alongside other steps that could pump Yuan 2.1 trillion into the economy, including a reduction to the reserve requirement ratio.
Yahoo
16-04-2025
- Business
- Yahoo
Gold Surges on China's Economic Data Release
Ahead of tonight's grand unveiling of what Beijing wants the world to think about its economy, the market was active with Gold soaring at the China open for the third day in a row... ...and the Yuan fix notably lower again... Ahead of the GDP print, we saw both new and existing home prices released by the statistics bureau for March showing price drops have slowed on a month-on-month basis... China March New Home Prices Fall 0.08% M/M China March Existing Home Prices Fall 0.23% M/M Of course, tonight's data tsunami is pre-Liberation Day Tariffs so no excuses (aside from the 10% tariffs that Trump put on China at the start of February). However, GDP was expected to show the economy slowing ahead of the tariffs given March's unevenness. In reality, it didn't... China GDP growth beat expectations, rising 5.4% (+5.2% exp)... The growth was in line with China's growth rate in the fourth quarter and exceeded Beijing's full-year growth target for 2025. In the first quarter China's trade surplus was over $270 billion, just below the record in the final three months of last year and almost 50% larger than a year ago. The record surplus last year of almost $1 trillion drove a third of China's growth and the boost last quarter is likely to have been large. Beijing has set a target of 5 per cent growth for this year and has backed this up with pledges to increase stimulus measures, setting a record budget deficit target for the central government. And just like the GDP figure, the rest of the data beat (or met) expectations too China Retail Sales BEAT +4.6% YTD vs +4.3% exp vs +4.0% prior China Industrial Production BEAT +6.5% YTD vs +5.9% exp vs 5.9% prior China Fixed Asset Investment BEAT +4.2% vs +4.1% exp vs +4.1% prior China Property Investment MEET -9.9% vs -9.9% exp vs -98% prior China Unemployment BEAT 5.2% vs 5.3% exp vs 5.4%$ prior Presumably these much better than expected data are due to tariff front-running. 'The most pleasant surprise is retail sales which shows that consumption subsidies are working,' said Michelle Lam, Greater China economist at Societe Generale SA. 'Industrial production was a beat but understandable after the strong export data. But that's all in the past now.' China is the world's largest importer of oil, natural gas and coal, and Beijing has been putting pressure on energy firms in recent years to boost output and reduce the nation's dependency on imports. Diggers and driller responded in March, with output rising 9.6% for coal, 5% for natural gas and 3.5% for crude oil. Output increases in coal and oil are particularly higher than expected. Of course, it's what happens next that really matters as US tariffs on China are now high enough to wipe out Chinese shipments to the US, according to Bloomberg estimates. said Chang Shu and David Qu at Bloomberg Economics. UBS this week cut its China GDP forecast with the most pessimistic outlook forecast among major banks, predicting the economy will expand just 3.4% this year as US tariffs choke exports. Goldman Sachs and Citigroup are among global banks that cut their outlook for China in recent days, with most economists doubting Beijing can achieve the official target of about 5% growth this year. said Shu and Qu. The NBS struck a note of caution even as it released the upbeat data, emphasizing the need for greater support for the economy. the bureau said in a statement. Beijing is placing high hopes on domestic demand - particularly consumption - to drive economic growth this year, as external pressures mount under Donald Trump's second presidency. In a bid to spur spending, leading bodies of China's state apparatus and the ruling Communist Party issued a 30-point plan aimed at stimulating consumer demand. By More Top Reads From this article on
Yahoo
16-04-2025
- Business
- Yahoo
Trump tariffs live updates: China signals readiness for talks if US shows respect amid 'numbers game'
China expressed openness to trade talks with the US on Wednesday, under certain conditions, even after the White House clarified that "China now faces up to a 245% tariff on imports to the United States." Michelle Lam, Greater China economist at Societe Generale SA, explained to Bloomberg that Beijing wants "respect, consistency and a point person" as focus grows on the trade war between the world's two largest economies. Chinese state media also reiterated that China would ignore the "numbers game" of escalating duties. Semiconductor company ASML (ASML) spooked investors on Wednesday, reporting weaker-than-expected orders and admitting it can't yet assess the impact of new US tariffs. A day earlier, AI hardware giant Nvidia (NVDA) said it was barred from selling its H20 chip to China, deepening the US-China tech rift. The twin developments underscore how the trade war is already hitting global firms hard — with consequences likely to ripple through chip earnings and China's tech ambitions alike. US Treasury Secretary Scott Bessent told Yahoo Finance on Tuesday that he was optimistic about "clarity" on tariffs and progress on key trade deals over the next 90 days, as Trump simultaneously sought to ramp up pressure on China to come to the negotiating table. "Let's set aside China. There are 15 large trading partners. We set aside China," Bessent told Yahoo Finance Executive Editor Brian Sozzi. "There are 14, and we're in rapid motion and setting up a process for the 14 largest trading partners." The comments come as Trump instituted a broad 90-day pause on steep "Liberation Day" tariffs, aiming to give time for negotiators to work out new deals. But Trump has also ballooned tariffs on China, as the tit-for-tat between the world's two largest economies intensifies. China has raised its duties on imports of US goods to 125% from 84%, while US tariffs on Chinese imports have ballooned to 145%. Over the past several days, investors have also focused on possible delays and exemptions to Trump's sweeping tariffs. Trump has signaled a possible delay to auto tariffs, adding to market relief after suspending levies on some consumer tech, even as he insists these tariffs will eventually come to fruition. Late Monday, the Trump administration took a key step toward tariffs on semiconductor and drug imports, as the Commerce Department began an investigation seen as a precursor to imposing the levies. Meanwhile, the baseline 10% tariff that went into effect on April 5 remains in place for all affected imports into the US. Here are the latest updates as the policy reverberates around the world. The pharmaceutical industry is showing early signs of how President Trump's tariffs will affect price increases and who will be left paying for them. Reuters reports: Read more here. China is setting clear conditions for trade talks with the US, saying it requires steps from President Trump's administration that include addressing disparaging remarks from his cabinet, per Bloomberg. Beijing seeks a more consistent US stance and a focus on issues like American sanctions and Taiwan. Additionally, China wants the US to appoint a dedicated point person with the president's support to help prepare a deal for Trump and President Xi Jinping to sign. The future of the global economy and markets depends on whether the US and China can avoid further escalation of their trade war. In an exclusive interview with Yahoo Finance's Brian Sozzi, US Treasury Secretary Scott Bessent suggested that while a deal with China hasn't materialized yet, tariffs exceeding 145% may not be in the cards. Bessent emphasized the need for ongoing negotiation and hinted that the process for addressing the tariffs on China and other key trade partners is complex, and although substantial clarity could be achieved, a complete deal may not be finalized within the short window. China has outlined specific conditions in ongoing trade talks, including a more consistent US stance and a commitment to address issues like sanctions, Taiwan, and trade imbalances. The Bank of Japan (8301.T) is set to cut its economic growth forecasts at its April 30-May 1 policy meeting as U.S. President Donald Trump's tariffs heighten risks to a fragile, export-reliant recovery, said three sources familiar with its plans. Reuters reports: Read more here ASML (ASML), the world's biggest supplier of computer chip-making equipment, said on Wednesday that tariffs were increasing uncertainty around its outlook for 2025 and 2026, but stood by its annual guidance as the race for AI rages on. Reuters reports: Read more here China has appointed a new head of international trade negotiation as the trade war between the world's two largest economies heats up. Bloomberg reports: Read more here. Treasury Secretary Scott Bessent addressed whether he thinks the US's 145% tariff rate on China is permanent, as the tit-for-tat trade war between the two countries escalates. "Look, I think no one thinks that these are sustainable over the long run," Bessent told Yahoo Finance's Brian Sozzi. "But with President Trump, I'm not going to give away his negotiating strategy ... So I think [President Trump] gets maximum strategy because he keeps everything on the table all the time." Treasury Secretary Scott Bessent sat down with Yahoo Finance's Brian Sozzi on Tuesday to discuss tariffs, the bond market, and more. "President Trump wants to be involved," Bessent said about the trade negotiations during the 90-day additional reciprocal tariff pause. He said that the administration is "in rapid motion" setting up a process for evaluating trade deals with the US's largest 14 trading partners other than China. "So in 90 days, are we going to have a complete document, a formal legal document, done and dusted? Not likely," Bessent said. "But I think if we follow the process, we could have substantial clarity ... on those 14 away from China in terms of agreements in principle. And then once we reach a level that we've agreed on, and they've agreed to lower their tariffs, lower their non-tariff barriers, currency manipulation, and subsidies of industry and labor, then I think we can move forward." Bessent continued that countries negotiating with the White House need to bring their "A game." The White House press secretary on Tuesday said "the ball was in China's court" as President Trump pushes for negotiations to tamp down a trade war between the world's two largest economies. "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them," Press Secretary Karoline Leavitt said Tuesday, according to Bloomberg, in a statement she said had been dictated by Trump. "There's no difference between China and any other country except they are much larger, and China wants what we have, what every country wants, what we have — the American consumer — or to put another way, they need our money," she said. Per Bloomberg: Johnson & Johnson (JNJ) said Tuesday that it expects about $400 million in tariff-related costs this year — not including possible tariffs on pharmaceutical imports, which Trump alluded are coming soon. The Trump administration has proceeded with its Section 232 investigations into imports of pharmaceuticals and semiconductors in the first step to levy tariffs on those sectors. J&J, which is investing in manufacturing its advanced medicines in the US, said that if additional pharmaceutical tariffs go into effect, they could lead to supply chain issues and shortages. The Associated Press reports: Read more here. Trade talks between the European Union and US made "little progress" over the past several days, and EU negotiators expect the bulk of duties to remain once President Trump's "reciprocal" tariff pause resumes. Per Bloomberg: Trump has taken particular aim at the EU as part of his pledge to reshape the US trade landscape, even with longstanding allies. As Bloomberg notes, the EU has floated that both sides remove tariffs on "industrial goods, including cars," but the US has rejected those terms. Read the full Bloomberg report here. US import prices slipped in March, largely due to a drop in energy costs — a surprise dip. But with trade tensions rising and fresh tariffs looming, that relief may not last. Reuters reports: Read more here Bloomberg reports: Read more here. Vice President JD Vance said that the Trump administration is working with UK Prime Minister Keir Starmer's government to strike a new US-UK trade deal. He noted that the president's cultural affinity for Britain could boost cooperation. The US has imposed a 10% tariff on imports from the UK to the US as well as 25% tariffs on autos, steel, and aluminum. "The President really loves the United Kingdom," Vance said to the online publication UnHerd on Tuesday. "He loved the Queen. He admires and loves the King. It is a very important relationship. And he's a businessman and has a number of important business relationships in [Britain]." "I think there's a good chance that, yes, we'll come to a great agreement that's in the best interest of both countries," Vance added. Read more here. On Monday, the Trump administration opened a probe into pharmaceutical imports, and the president pledged that pharma tariffs would come in the "not-too-distant future." "We don't make our own drugs anymore," Trump said in a media appearance, as my colleague Brett LoGiurato documented here. "All I have to do is impose a tariff. The higher the tariff, the faster they come." Trump has repeatedly singled out Europe — Ireland, in particular — as a target for tariffs. But recent reports suggest that if tariffs do come, Ireland and its US customers won't be completely caught off guard. Reuters reports that Ireland has been rushing to ship pharmaceuticals and medical products to the US ahead of tariffs, including by air. Irish pharma exports to the US surged by more than 450% from the previous year in February from 1.9 billion euros to 10.5 billion euros, Ireland's Central Statistics Office said. Exports also spiked by 130% in January to 9.4 billion euros, suggesting US drugmakers may be stockpiling medicines. Read more here. Big Tech's size is its shield. A temporary tariff reprieve gave stocks a boost — for now. But other sectors may not be so lucky. My Yahoo Finance colleague Hamza Shaban digs deeper into the winners, losers, and political spin behind the tariff drama. Read more here Nissan (7201.T) plans to reduce production in Japan of its best-selling US model, the Rogue SUV, between May and July, according to a source familiar with the matter. The move marks the latest adjustment by a global carmaker in response to new US import tariffs. Reuters reports: Read more here Honda (HMC) may move some car production from Mexico and Canada to the US, with plans to manufacture 90% of vehicles sold in the country locally, the Nikkei reported Tuesday. The shift comes in response to new US auto tariffs. Reuters reports: Read more here Chinese workers are bearing the brunt of an economic slowdown caused by the US-China trade war. The impact is being felt across the country as a weakened labour market was struck by the erratic tit-for-tat tariffs that erupted over the beginning of 2025. Bloomberg reports: Read more here. Bloomberg News reports: Read more here. Yahoo Finance's Allie Canal writes: Read more here. The pharmaceutical industry is showing early signs of how President Trump's tariffs will affect price increases and who will be left paying for them. Reuters reports: Read more here. China is setting clear conditions for trade talks with the US, saying it requires steps from President Trump's administration that include addressing disparaging remarks from his cabinet, per Bloomberg. Beijing seeks a more consistent US stance and a focus on issues like American sanctions and Taiwan. Additionally, China wants the US to appoint a dedicated point person with the president's support to help prepare a deal for Trump and President Xi Jinping to sign. The future of the global economy and markets depends on whether the US and China can avoid further escalation of their trade war. In an exclusive interview with Yahoo Finance's Brian Sozzi, US Treasury Secretary Scott Bessent suggested that while a deal with China hasn't materialized yet, tariffs exceeding 145% may not be in the cards. Bessent emphasized the need for ongoing negotiation and hinted that the process for addressing the tariffs on China and other key trade partners is complex, and although substantial clarity could be achieved, a complete deal may not be finalized within the short window. China has outlined specific conditions in ongoing trade talks, including a more consistent US stance and a commitment to address issues like sanctions, Taiwan, and trade imbalances. The Bank of Japan (8301.T) is set to cut its economic growth forecasts at its April 30-May 1 policy meeting as U.S. President Donald Trump's tariffs heighten risks to a fragile, export-reliant recovery, said three sources familiar with its plans. Reuters reports: Read more here ASML (ASML), the world's biggest supplier of computer chip-making equipment, said on Wednesday that tariffs were increasing uncertainty around its outlook for 2025 and 2026, but stood by its annual guidance as the race for AI rages on. Reuters reports: Read more here China has appointed a new head of international trade negotiation as the trade war between the world's two largest economies heats up. Bloomberg reports: Read more here. Treasury Secretary Scott Bessent addressed whether he thinks the US's 145% tariff rate on China is permanent, as the tit-for-tat trade war between the two countries escalates. "Look, I think no one thinks that these are sustainable over the long run," Bessent told Yahoo Finance's Brian Sozzi. "But with President Trump, I'm not going to give away his negotiating strategy ... So I think [President Trump] gets maximum strategy because he keeps everything on the table all the time." Treasury Secretary Scott Bessent sat down with Yahoo Finance's Brian Sozzi on Tuesday to discuss tariffs, the bond market, and more. "President Trump wants to be involved," Bessent said about the trade negotiations during the 90-day additional reciprocal tariff pause. He said that the administration is "in rapid motion" setting up a process for evaluating trade deals with the US's largest 14 trading partners other than China. "So in 90 days, are we going to have a complete document, a formal legal document, done and dusted? Not likely," Bessent said. "But I think if we follow the process, we could have substantial clarity ... on those 14 away from China in terms of agreements in principle. And then once we reach a level that we've agreed on, and they've agreed to lower their tariffs, lower their non-tariff barriers, currency manipulation, and subsidies of industry and labor, then I think we can move forward." Bessent continued that countries negotiating with the White House need to bring their "A game." The White House press secretary on Tuesday said "the ball was in China's court" as President Trump pushes for negotiations to tamp down a trade war between the world's two largest economies. "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them," Press Secretary Karoline Leavitt said Tuesday, according to Bloomberg, in a statement she said had been dictated by Trump. "There's no difference between China and any other country except they are much larger, and China wants what we have, what every country wants, what we have — the American consumer — or to put another way, they need our money," she said. Per Bloomberg: Johnson & Johnson (JNJ) said Tuesday that it expects about $400 million in tariff-related costs this year — not including possible tariffs on pharmaceutical imports, which Trump alluded are coming soon. The Trump administration has proceeded with its Section 232 investigations into imports of pharmaceuticals and semiconductors in the first step to levy tariffs on those sectors. J&J, which is investing in manufacturing its advanced medicines in the US, said that if additional pharmaceutical tariffs go into effect, they could lead to supply chain issues and shortages. The Associated Press reports: Read more here. Trade talks between the European Union and US made "little progress" over the past several days, and EU negotiators expect the bulk of duties to remain once President Trump's "reciprocal" tariff pause resumes. Per Bloomberg: Trump has taken particular aim at the EU as part of his pledge to reshape the US trade landscape, even with longstanding allies. As Bloomberg notes, the EU has floated that both sides remove tariffs on "industrial goods, including cars," but the US has rejected those terms. Read the full Bloomberg report here. US import prices slipped in March, largely due to a drop in energy costs — a surprise dip. But with trade tensions rising and fresh tariffs looming, that relief may not last. Reuters reports: Read more here Bloomberg reports: Read more here. Vice President JD Vance said that the Trump administration is working with UK Prime Minister Keir Starmer's government to strike a new US-UK trade deal. He noted that the president's cultural affinity for Britain could boost cooperation. The US has imposed a 10% tariff on imports from the UK to the US as well as 25% tariffs on autos, steel, and aluminum. "The President really loves the United Kingdom," Vance said to the online publication UnHerd on Tuesday. "He loved the Queen. He admires and loves the King. It is a very important relationship. And he's a businessman and has a number of important business relationships in [Britain]." "I think there's a good chance that, yes, we'll come to a great agreement that's in the best interest of both countries," Vance added. Read more here. On Monday, the Trump administration opened a probe into pharmaceutical imports, and the president pledged that pharma tariffs would come in the "not-too-distant future." "We don't make our own drugs anymore," Trump said in a media appearance, as my colleague Brett LoGiurato documented here. "All I have to do is impose a tariff. The higher the tariff, the faster they come." Trump has repeatedly singled out Europe — Ireland, in particular — as a target for tariffs. But recent reports suggest that if tariffs do come, Ireland and its US customers won't be completely caught off guard. Reuters reports that Ireland has been rushing to ship pharmaceuticals and medical products to the US ahead of tariffs, including by air. Irish pharma exports to the US surged by more than 450% from the previous year in February from 1.9 billion euros to 10.5 billion euros, Ireland's Central Statistics Office said. Exports also spiked by 130% in January to 9.4 billion euros, suggesting US drugmakers may be stockpiling medicines. Read more here. Big Tech's size is its shield. A temporary tariff reprieve gave stocks a boost — for now. But other sectors may not be so lucky. My Yahoo Finance colleague Hamza Shaban digs deeper into the winners, losers, and political spin behind the tariff drama. Read more here Nissan (7201.T) plans to reduce production in Japan of its best-selling US model, the Rogue SUV, between May and July, according to a source familiar with the matter. The move marks the latest adjustment by a global carmaker in response to new US import tariffs. Reuters reports: Read more here Honda (HMC) may move some car production from Mexico and Canada to the US, with plans to manufacture 90% of vehicles sold in the country locally, the Nikkei reported Tuesday. The shift comes in response to new US auto tariffs. Reuters reports: Read more here Chinese workers are bearing the brunt of an economic slowdown caused by the US-China trade war. The impact is being felt across the country as a weakened labour market was struck by the erratic tit-for-tat tariffs that erupted over the beginning of 2025. Bloomberg reports: Read more here. Bloomberg News reports: Read more here. Yahoo Finance's Allie Canal writes: Read more here. Sign in to access your portfolio
