Foreign

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Foreign Trade

Trump tariffs: Xi says ‘no winners’ in trade war

Beijing, April 14, 2025 – Chinese leader Xi Jinping has warned that protectionism “leads nowhere” and that a trade war would have “no winners”, state media said, as he arrived in Vietnam on the first leg of a Southeast Asia tour. Xi will visit Vietnam, Malaysia and Cambodia on his first overseas trip of the year as Beijing seeks to tighten regional trade ties and offset the impact of huge tariffs unleashed by his US counterpart Donald Trump. A line of well-wishers stood outside the Vietnamese capital’s airport waving Chinese flags …

Foreign General News

US court orders FBI, DEA to release records of Tinubu’s investigations

Lagos, April 13, 2025 – A federal court in the United States has ordered the Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) to search for and disclose records relating to past criminal investigations involving Bola Tinubu, Nigeria’s president. The ruling was first disclosed via his X account on Sunday by David Hundeyin, a Nigerian independent journalist who is one of the claimants in the case, The judgment, delivered on Tuesday by Beryl A. Howell of the United States District Court for the District of Columbia, blocks …

Business Planning Foreign

Trump’s tariff confusion could leave aircraft deliveries in limbo

Montreal/Chicago, April 11, 2025 – Cars, consumer goods, and industrial equipment have been delayed at ports, stuck on rail cars, and languished in warehouses at times over the last few months due to the White House’s on-again, off-again tariff policy. Planes and their engines are usually ordered by U.S. buyers years in advance, and tariff confusion risks delaying shipments of both, even if the industry has not been directly targeted for duties, sources told Reuters. The frequent changes and added costs are stressing a supply chain that has wrestled with shortages …

Foreign Money market

Wall Street bosses fear anti-American backlash as Trump’s trade war intensifies

New York/London, April 10, 2025 – Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions. More than half a dozen senior bankers and advisers told Reuters they are bracing for European Union governments and companies to do more business with home lenders, which could quickly dent their market share. Two bank industry groups have discussed how Europe could act to restrict U.S. banks’ activities …

Business Planning Foreign Trade

Trump’s tariffs trigger boycott of American products

London, April 8, 2025 – Since Donald Trump unveiled his new international tariffs last week, a growing number of social media users have called for a boycott of American products. With the new country-adjusted taxation system, the Trump administration aims to reduce last year’s U.S. trade deficit. However, economists widely agree that the tariffs are more likely to impact consumers than solve trade imbalances. Boycott USA” quickly began trending on X (formerly Twitter), while Google reported a spike in searches related to the boycott across multiple countries. Many users vowed not to visit the United States …

Business Planning Foreign Trade

US reciprocal tariff move risks global trade disruption – ICC

Dhaka, April 8, 2025 – The International Chamber of Commerce (ICC) has termed the United States’ newly announced reciprocal tariff plan a serious jolt to the global trading system, cautioning that the move could destabilise international commerce if met with retaliatory measures. At a press briefing held in Dhaka on Monday, ICC Bangladesh President Mahbubur Rahman presented an official statement from ICC Secretary General, following the announcement of the US trade policy shift. The Paris-based ICC is the world’s largest business organisation, representing over 45 million companies across more than …

Business Planning Foreign

JPMorgan warns recession unavoidable even if tariffs halted immediately

Washington, April 6, 2025 – JPMorgan Chase has warned that the United States is now barreling toward a recession, and that even an immediate rollback of President Trump’s sweeping new tariffs may not be enough to prevent it. JPMorgan’s chief economist, Bruce Kasman, issued the grave assessment on Thursday, raising the firm’s recession forecast to 60%, up from 40% just days earlier. They further warned that while immediate implementation could invite short-term negotiations, the structural hit to business confidence and global trade patterns would be difficult to undo. The S&P …

Foreign General News

Protesters from New York to Alaska assail Trump,  Musk in ‘Hands Off!’ rallies

Washington, April 6, 2025 – Crowds of people angry about the way President Donald Trump is running the country marched and rallied in scores of American cities Saturday in the biggest day of demonstrations yet by an opposition movement trying to regain its momentum after the shock of the Republican’s first weeks in office. So-called Hands Off! demonstrations were organized for more than 1,200 locations in all the 50 states by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans and elections activists. The rallies appeared peaceful, …

Foreign Money market Politics

‘Hang tough, it won’t be easy’: Trump defiant on tariffs

Washington, April 5, 2025 – US President Donald Trump on Saturday doubled down on the sweeping tariffs he unleashed on countries around the world, warning Americans of pain ahead, but promising historic investment and prosperity. The comments came as Trump’s widest-ranging tariffs took effect in a move that could trigger retaliation and escalating trade tensions that could upset the global economy. “We have been the dumb and helpless ‘whipping post,’ but not any longer. We are bringing back jobs and businesses like never before,” Trump wrote on his Truth Social …

Foreign Politics

China hits back at US tariffs with export controls on key rare earths

Beijing, April 5, 2025 – China placed export restrictions on rare earth elements on Friday as part of its sweeping response to U.S. President Donald Trump’s tariffs, squeezing supply to the West of minerals used to make weapons, electronics and a range of consumer goods. The move, which Beijing had long hinted was possible, further ratchets up trade tensions between the world’s two largest economies and leaves American manufacturers scrambling for fresh supplies of the critical minerals they have relied upon for decades. China produces around 90% of the world’s rare …


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