Trump May Hit Copper Imports With Tariffs Within Weeks: Bloomberg

US President Donald Trump could impose tariffs on copper imports as early as next month, potentially disrupting global copper markets. Bloomberg reports that the Commerce Department's investigation into potential tariffs, initially slated for a 270-day completion, is expected to conclude much sooner. While the investigation is ongoing, several

French Private Sector Contraction Deepens in March

France's private sector output extended its contractionary streak to seven months in March, marking the longest period of decline since the onset of the COVID-19 pandemic, according to a Reuters report citing a survey released Monday. The HCOB flash purchasing managers' index (PMI) for the services sector

US Shipping Industry Battles Trump-Era Levies on China-Linked Vessels

A heated debate over a Trump administration proposal to impose hefty fees on China-linked ships docking in the US played out at a US Trade Representative hearing on Monday, as reported by Bloomberg. The proposed levies, carrying million-dollar price tags, have sparked fierce opposition from shipping companies and agricultural exporters

Bessent's Fixation on 10-Year Yields Forces Wall Street to Revise Forecasts

Treasury Secretary Steven Mnuchin has been incredibly vocal about his desire to push down and keep down 10-year bond yields, leading several Wall Street firms to revise their forecasts for 2025, as reported by Bloomberg. In recent speeches and interviews, Mnuchin has repeatedly emphasized the administration's commitment to

Asia's Weighted Real GDP Growth Projected to Reach 4.5% in 2025

Asia's weighted real GDP growth rate is projected to reach 4.5% this year, according to the Boao Forum's annual report, as reported by Reuters. The report was released at the international summit, often referred to as Asia's Davos, currently underway in China'

Trump Announces New Wave of Tariffs, Including Autos, Pharmaceuticals

President Donald Trump announced on Monday that his administration will soon impose tariffs on automobiles, pharmaceuticals, and other industries, adding to his existing "reciprocal tariffs" set to take effect on April 2. Speaking at a Cabinet meeting, Trump stated, "We'll be announcing cars very shortly.

US Business Activity Picks Up, But Gloom Persists Amidst Tariff Fears and Spending Cuts

The US economy showed signs of resilience in March, but persistent concerns about tariffs and government spending cuts continue to dampen sentiment and cloud the outlook for the rest of the year, according to a Reuters report citing a survey by S&P Global. While business activity picked up,

China Courts US Businesses Amidst Trade Tensions

China sought to reassure US business leaders this week at the China Development Forum in Beijing, signaling its desire to navigate trade tensions with the US, as reported by CNBC. This comes as President Donald Trump continues to escalate tariffs against Chinese goods. The forum, a state-organized event, presented a

Apple Launches $99 Million Clean Energy Fund in China

Apple Inc. has announced a new clean energy fund in China worth 720 million yuan ($99.22 million), coinciding with CEO Tim Cook's visit to Beijing, Reuters reports. The technology giant said in a statement on Monday that the fund aims to expand its clean energy capacity in

China Signals Stability Amidst Rising US-China Tensions

Amidst escalating trade tensions with the US, China's top leaders are projecting confidence and offering reassurances to foreign businesses, Nikkei Asia reports. In a speech to dozens of executives from major multinational corporations, including Apple, Qualcomm, and Boeing, Premier Li Qiang pledged unwavering support for economic growth, even