tariffs

Copper nears record highs as US, China drain global stocks

The global copper market is approaching a breaking point as simultaneous demand from the United States and China drains inventories from London Metal Exchange warehouses, pushing futures prices toward record highs and raising questions about how long the rally can…

Canada offers US trade concessions to avert Aug. 19 tariffs

Canada is racing to secure an interim trade deal with the United States before a new round of 50 percent tariffs on roughly $20 billion worth of Canadian goods takes effect on Aug. 19, with Ottawa signaling a willingness to…

Copper hits record high on tariff bets, supply crunch

Copper futures surged to a fresh all-time high on Wednesday, as speculation over US tariffs on imports and tightening global supplies drove the industrial metal to its best levels ever recorded on the Comex exchange.

Copper nears $14,000 as record US imports drain global supply

Copper climbed to its highest level in two months on the London Metal Exchange, approaching $14,000 a ton on Monday, as a record wave of imports into the United States drained supply from the rest of the world ahead of…

China’s factory activity unexpectedly contracts in July

China's factory activity unexpectedly fell into contraction in July, snapping four straight months of expansion and underscoring a broad loss of economic momentum as the export boom that powered earlier growth began to fade.

Stellantis swings to Q2 profit as North America revenues surge 32%

Stellantis reported a return to profitability in the second quarter of 2026, posting net profit of €293 million compared to a €1.9 billion loss a year earlier, as a North American recovery drove net revenues up 13% to €43.5 billion.

VW demands EU tariffs on Chinese plug-in hybrids after Tiguan loses top spot

Volkswagen CEO Oliver Blume has called on the European Union to impose higher import tariffs on Chinese-built plug-in hybrid vehicles, a dramatic reversal for the automaker that actively lobbied against EU tariffs on Chinese cars just two years ago.

Shein’s Hong Kong IPO filing reveals $99M quarterly loss

Shein swung to a $99 million net loss in the first quarter of 2026, a sharp reversal from the $395 million profit it reported a year earlier, according to a draft prospectus published Sunday for its planned Hong Kong initial…

Oil hits $100 as new U.S. tariffs and rising yields stoke stagflation fears

The global economy entered a volatile new phase this week as oil prices hit $100 a barrel, the Trump administration imposed sweeping tariffs on 60 trading partners, and bond yields surged — reviving fears of stagflation not seen at this…

Trump threatens trade probe after EU fines Google $1B

President Donald Trump on Friday said the United States would open a Section 301 trade investigation into the European Union, threatening new tariffs in retaliation for Brussels fining Alphabet's Google €890 million ($1 billion) for violating the Digital Markets Act.

Euro holds steady as new US tariffs and dueling PMI data collide

The euro held steady near 1.1380 against the dollar on Friday as competing forces kept EUR/USD range-bound — stronger-than-expected Eurozone purchasing managers' data and a hawkish European Central Bank rate hold on one side, and a surging US composite PMI…

Trump says Xi and Putin pledged not to sell arms to Iran

President Donald Trump warned China and Russia on Friday against selling weapons to Iran, saying both leaders had personally assured him their countries would not do so and that if they did, "it will be very bad for them."

US unveils tariffs on 60 trading partners over forced labor

The Trump administration is set to impose new tariffs of 10% to 12.5% on imports from 60 trading partners under Section 301 of the Trade Act of 1974, with U.S. Trade Representative Jamieson Greer telling the Senate Finance Committee on…

Carney vows to ‘do whatever it takes’ against Trump’s 50% tariffs

Prime Minister Mark Carney met face-to-face with Canada's premiers in Charlottetown on Thursday, pledging to "do whatever it takes" to defend Canadian workers, families, and businesses against the latest escalation in President Donald Trump's trade war — a 50 per…

Trump announces 100% tariff on generic drugs starting August 2028

President Donald Trump announced on Tuesday that imported generic drugs will face escalating tariffs beginning in 2028, marking the first time his administration has targeted the generic pharmaceutical sector with trade levies. The move extends his broader campaign to shift…

US signals new tariffs on 60 countries as global levy expires Friday

U.S. Trade Representative Jamieson Greer signaled on Tuesday that the Trump administration is poised to impose a fresh round of tariffs on dozens of countries, with the president's temporary 10% global duties set to expire at the end of this…

Trump imposes 50% tariffs on Canadian autos, dairy, alcohol

President Donald Trump on Monday signed three proclamations imposing 50% tariffs on a broad range of Canadian imports, marking the latest escalation in a trade conflict that has defined U.S.-Canada relations since early 2025. The tariffs, invoked under Section 338…

US presses EU to publicly roll back import rules

The Trump administration is pressing the European Union to publicly commit to a detailed plan to roll back import rules and regulations that Washington views as trade barriers, according to the Financial Times, escalating a dispute that now extends beyond…

Trump vows tariffs on Canada over wildfire smoke

President Donald Trump on Friday vowed to hold Canada responsible for the wildfire smoke blanketing large swaths of the United States, saying the cost of the pollution "must" be added to tariffs already imposed on Canada, according to CNBC and…

Shein’s Hong Kong IPO valuation slides amid tariffs and slowing growth

Shein's ambitions for a valuation of up to $50 billion in its long-awaited Hong Kong initial public offering are facing headwinds as a global e-commerce crackdown weighs on investor appetite, Reuters reported on Wednesday. The fast-fashion giant, which received approval…

First US LNG cargo in over a year arrives in China

A U.S. liquefied natural gas shipment has reached China for the first time since February 2025, according to a Reuters report published Wednesday, though vessel tracking data suggests the cargo may ultimately be re-exported rather than consumed domestically.

China-US trade rebounds in Q2 after first-quarter slump

China-US goods trade totaled 2 trillion yuan ($294.1 billion) in the first half of 2026, with second-quarter trade growing 13.7 percent year-on-year after an 18.7 percent slump in the first quarter, according to data released Tuesday by the General Administration…

China’s June exports jump 27%, fastest since 2021

China's exports surged 27% year-on-year in June in U.S. dollar terms, the fastest pace since October 2021, as booming global demand for artificial intelligence components and preemptive shipments to the United States ahead of anticipated tariff hikes propelled the world's…

EU tariffs cut China-built EV share but Chinese brands keep growing, study finds

The European Union's tariffs on Chinese-made electric vehicles have succeeded in reducing the share of China-built EVs sold in Europe, while prompting Western automakers to relocate production to the continent, according to a new analysis published by Transport & Environment…

IMF reaffirms free trade stance as global tariffs rise

The International Monetary Fund on Thursday reaffirmed its commitment to free trade and open markets, even as governments worldwide continue to expand tariff regimes and pursue economic nationalism. The remarks came during a week in which the Fund also lowered…

Shein advances Hong Kong IPO preparations, eyes $1B+ raise

Shein Group Ltd. is pressing forward with preparatory work for a possible Hong Kong initial public offering, according to people familiar with the matter, in what would mark the culmination of a years-long effort by the fast-fashion giant to become…

Airbus trims 20-year jet demand forecast over Iran war, tariffs

Airbus on Wednesday trimmed its long-term industry-wide forecast for passenger aircraft demand by 1%, citing the impact of the war in Iran and ongoing trade tensions that have disrupted what had been a strong post-pandemic rebound in global aviation.

EU-US trade hit record €875B in 2025, but auto exports plunged, study finds

Goods trade between the European Union and the United States reached a record €875 billion in 2025, but the headline figure conceals a sharp decline in European automotive exports to America, according to a study published Friday by the German…

Trump administration declines to extend USMCA trade pact

The Trump administration formally declined to extend the United States-Mexico-Canada Agreement on Wednesday, the trade pact's six-year anniversary, setting in motion a decade-long countdown that could see the North American free trade zone expire on July 1, 2036.

Outgoing IMF chief economist warns global economy has fewer buffers against shocks

Pierre-Olivier Gourinchas, the International Monetary Fund's outgoing chief economist, warned on Friday that the global economy is losing its capacity to absorb future shocks, citing depleted oil reserves, shifting trade relationships driven by U.S. tariffs, and persistent uncertainty that has…