Trump says he plans to double steel, aluminum tariffs to 50%
World 10:25 31/05/2025WEST MIFFLIN, Pennsylvania -- U.S. President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50 percent from 25 percent, ratcheting up pressure on global steel producers and deepening his trade war.
Japan's Ishiba eyes tariff deal with US during G-7 summit
World 18:14 26/05/2025Maizuru, Kyoto Prefecture -- Japan will continue its tariff negotiations with the United States, aiming to reach a deal on the sidelines of a Group of Seven summit in Canada in June, Prime Minister Shigeru Ishiba said Sunday.
G7 glosses over tariffs, pledges to cut global economic imbalances
World 10:19 23/05/2025BANFF/ALBERTA -- Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday, pledging to address "excessive imbalances" in the global economy and saying they could increase sanctions on Russia.
G7 finance leaders try to downplay tariff disputes, find consensus
World 08:32 22/05/2025BANFF, Alberta - Finance leaders from the Group of Seven industrialized democracies sought on Wednesday to downplay disputes over U.S. President Donald Trump's tariffs and find some common ground to keep the forum viable as they met in the Canadian Rocky Mountains.
ECB's Wunsch says central bank may need to cut rates below 2%, FT reports
World 17:02 18/05/2025The European Central Bank may need to cut interest rates to "slightly below" 2% as global trade tensions pose downside risks to inflation and growth, Belgium's central bank governor, Pierre Wunsch, told the Financial Times in an interview published on Saturday.
Moody's cuts America's pristine credit rating, citing rising debt
World 11:02 17/05/2025Moody's downgraded the U.S. sovereign credit rating on Friday due to concerns about the nation's growing, $36 trillion debt pile, in a move that could complicate President Donald Trump's efforts to cut taxes and send ripples through global markets.
Japan's economy shrinks more than expected as US tariff hit looms
World 10:01 16/05/2025TOKYO -- Japan's economy shrank for the first time in a year in the March quarter at a faster pace than expected, data showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.
Japan, WTO vow to strengthen multilateral trade system
World 16:41 14/05/2025TOKYO -- The Japanese government and the World Trade Organization on Tuesday reaffirmed their determination to work closely together to strengthen the WTO-led free and open multilateral trade regime.
US tariff pause on Beijing puts pressure on 'China-plus-one' countries
World 16:45 13/05/2025A new U.S.-China agreement to pause sky-high tariffs on each other is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the U.S. to continue benefiting from a "China-plus-one" strategy by global producers.
Walmart calls, but India's garment worker woes blunt tariff edge
World 18:45 09/05/2025In a garment hub in south India, R.K. Sivasubramaniam is fielding requests from Walmart and Costco who want to sidestep higher U.S. tariffs faced by rival Asian suppliers, Bangladesh and China. But rows of idle sewing lines at his factory lay bare his biggest challenge.
Japan, EU discuss cooperation to maintain free trade
World 16:31 09/05/2025TOKYO -- Japan and the European Union held a session of their ministerial-level economic dialogue in Tokyo on Thursday, discussing cooperation to maintain free trade amid concerns over the impact of U.S. President Donald Trump's tariff measures.
New Zealand central bank warns of risks to financial system amid global volatility
World 09:48 07/05/2025WELLINGTON -- New Zealand's central bank said on Wednesday that risks to the financial system had increased over the past six months as the global economic environment becomes more volatile, but said the country's banks remain in a strong position.
