Trade War

US President Donald Trump and his advisers have defended sweeping tariffs on imports and vowed to stay the course, despite market turmoil and calls to avoid a trade war. In a series of television interviews, Treasury Secretary Scott Bessent played down recent stock market falls and Howard Lutnick, the commerce…

Asian stock markets have fallen dramatically amid escalating fears of a global trade war - as Donald Trump called his tariffs "medicine" and showed no sign of backing down. Hong Kong's Hang Seng index of shares closed down 13.2% - its biggest drop since 1997, while the Shanghai composite index…

A global trade war sparked by President Trump's tariffs has plunged the U.S. stock market into a spiral that hasn't been seen since the beginning of the coronavirus pandemic. And while losing money never feels good, financial experts say investors should pause before bailing out. The S&P 500 ended the week with a…

Oil drilling rigs Oil prices extended their losses on Friday, hitting their lowest levels in more than three years, after China imposed tariffs on US goods — escalating fears of weakening demand amid a full-blown trade war. At settlement, Brent crude futures for June delivery fell 6.5%, or $4.56, to…

The S&P 500 Index ($SPX) (SPY) Friday closed down -5.97%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -5.50%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -6.07%.  June E-mini S&P futures (ESM25) are down -6.38%, and June E-mini Nasdaq futures (NQM25) are down -6.60%.  Stock indexes on Friday sold off sharply…

TAMPA, Fla. — Space companies were swept up in a broad stock market sell-off as governments around the world reacted to sweeping U.S. tariffs targeting dozens of countries. Shares of UFO, an exchange-traded fund (ETF) holding an international mix of 30 space companies, have fallen 12% following U.S. President Trump’s…

Dax accelerated sharply lower on Friday after China announced its 34% tariffs on US goods, worsening further near term outlook. The index was down nearly 5% on Friday and on track for a weekly loss of 7.5%, the biggest in more than a decade. Fundamental conditions are unlike to improve…

Crikey’s election podcast is back for the 2025 federal election. In this week’s episode: how should Australia’s next leader deal with Donald Trump? Donald Trump, Peter Dutton and Anthony Albanese (Image: Private Media/Zennie) Crikey‘s Electioncast is back! Every Friday throughout the 2025 federal election campaign, politics editor Bernard Keane, readers…

Read this in The Manila Times digital edition. WASHINGTON, D.C. — United States President Donald Trump intensified a global trade war Wednesday as he slapped sweeping tariffs on imports from allies and foes alike, sending markets into a tailspin and upending decadeslong free trade norms. The European Union and China…

BANGKOK (AP) — The sweeping new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners, highlighting the lack of appetite for a full-fledged trade war. Trump presented the import taxes, which he calls “reciprocal tariffs” and range from 10% to 49%,…