Beijing will impose 125 per cent tariffs on US goods from Saturday, up from the 84 per cent previously announced, news agency Reuters quoted the Chinese finance ministry said on Friday. This comes a day after the Trump administration decided to pause tariffs for 90 days on many countries, but hit China with a 145
While equity markets have fallen sharply after US President Donald Trump’s tariff announcement, Marc Franklin, Managing Director, Senior Portfolio Manager of Multi-Asset Solutions at Manulife Investment Management, says some asset classes are still performing well. “The focus will be predominantly on equities because of the sizable downside moves,” he said. However, bonds remain attractive, particularly
Banks in China could face more bad loans, potentially hitting 6.4 per cent of total lending next year, according to a forecast by S&P Global Ratings, as higher US tariffs weigh on an economy that is still struggling to shake off the lingering impact of the Covid-19 pandemic. The warning came in a report on
London: Britain’s finance minister said on Wednesday the UK would not “rush into action” over impending US tariffs, as the government hopes to reach a post-Brexit trade deal with Washington. The UK government is working to secure a new economic deal with the United States which could ultimately help it avoid — or at least
Whatever happened to the “Trump put”? Investors are rapidly rethinking the idea Donald Trump would row back on reckless policies once he saw a negative market reaction. The S&P 500 has suffered a rapid double-digit correction. It fell 5.6 per cent in the first 50 days of Trump’s presidency – the third-worst performance since 1953.