WASHINGTON/TOKYO  – U.S. President Donald Trump announced sweeping new trade measures on Tuesday, including a 50% tariff on imported copper and impending levies on semiconductors and pharmaceuticals, dramatically escalating his global trade war just days after pressuring 14 key trading partners. New Tariffs and Threats Speaking at a White House cabinet meeting, Trump said the U.S. would soon impose 200% tariffs on […]

BEIJING – China’s producer prices fell at the sharpest rate in nearly two years in June, reflecting persistent economic pressures from weak domestic demand and global trade tensions, raising expectations for further policy stimulus. The producer price index (PPI) dropped 3.6% year-on-year, worse than May’s 3.3% decline and marking the steepest fall since July 2023. The figure also missed Reuters’ forecast […]

NEW YORK – The S&P 500 closed slightly lower in a choppy session on Tuesday as investors awaited clarity on U.S. trade policy after President Donald Trump’s latest tariff warnings rattled markets and overshadowed optimism around ongoing negotiations. Wall Street had tumbled on Monday after Trump threatened sweeping new tariffs on imports from key trade […]