Trade War

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%,…

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At least three Senate Republicans are poised to mark President Donald Trump’s “Liberation Day” escalation of his trade war by formally rebuking a key piece of his tariff strategy. Trump is fighting back. Sen. Lisa Murkowski revealed Tuesday that she will vote for a resolution from Sen...Read More

GBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs…