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China's manufacturing shrinks in April as trade war bites
China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.
Financial markets may be the last guardrail on Trump
Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors. The White House quickly shifted its tone on China and Trump reassured the public that he won't fire Powell.
US growth figure expected to make for tough reading for Trump
US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.
BRICS members blast rise of 'trade protectionism'
China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz. Some BRICS members have, however, escaped the worst of Trump's trade ire.
France to tax small parcels from China amid tariff fallout fears
France will from next year impose a handling tax for every small parcel sent from China sent by platforms such as Shein and Temu, a minister said Tuesday. French officials say that unless a European system is set up, parcels taxed by France will just enter the EU through another member country.
Trump signals relief on auto tariffs as industry awaits details
The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy. "The president will sign the executive order on auto tariffs later today," White House Press Secretary Karoline Leavitt told reporters.
Asterix, Obelix and Netflix: US streamer embraces Gallic heroes
France's beloved comic book heroes Asterix and Obelix are set for their latest incarnation in a Netflix mini-series being released Wednesday, hoping to win over new fans, notably in the United States and Asia.
US consumer confidence hits lowest level since onset of pandemic
US consumer confidence has fallen to its lowest level since the onset of the Covid-19 pandemic, according to survey data published Tuesday, reflecting concerns about President Donald Trump's tariff plans. Donald Trump's tariff plans have unnerved investors, sending market volatility soaring and consumer confidence plunging.
W. House slams Amazon over 'hostile' plan to display tariff effect on prices
The White House on Tuesday slammed Amazon over reports it would soon tell consumers how much US President Donald Trump's tariffs have contributed to the price tag on its goods. Earlier Tuesday, Punchbowl News reported that the e-commerce site will soon start showing "how much Trump's tariffs are adding to the price of each product," citing a person familiar with the matter.
AFP
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