China drops to No. 3 holder of US Treasuries, behind UK
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner.The month, which preceded the April turmoil in the Treasuries market,…
As US, China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims
The way President Donald Trump sees it, beating China in a trade war should be easy. After all, his logic goes, the Chinese sell Americans three times as much stuff…
How US-China tariffs reached sky-high levels in 3 months
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that…
Tariffs could wreck what Bangladesh’s garment workers have gained
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the country to the brink of chaos.…
Xi heads to Russia on mission to weaken US power on world stage
President Xi Jinping will use his state visit to Moscow this week to showcase his tight ties with Russian counterpart Vladimir Putin, and capitalize on a trade war that’s isolating…
Buffett says US shouldn’t use “trade as a weapon” as Trump has done with tariffs
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn't use "trade as a weapon" and anger the rest of the world like President Donald…
US ends duty-free shipping loophole for low-cost goods from China
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and…
Ryanair threatens to seek alternative to Boeing order if tariffs impact price
Ryanair would look for an alternative aircraft supplier if U.S. tariffs materially affect the price of planes it has ordered from Boeing, chief executive Michael O'Leary said in a letter…
Trump’s tariffs loom over American economy as shipments from China fall
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president's…
Recession risk deepens, fear haunts economies and businesses as Trump’s tariff damage spreads
Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said U.S. President Donald…