Containers sit at the Port of Los Angeles, in San Pedro, California, U.S., July 8, 2025. Daniel Cole | Reuters U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following the news, the S&P 500, which hit multiple record closes last week,…
U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take…
A truck passes by shipping containers at the Port of Los Angeles. Mark Ralston | Afp | Getty Images A new wave of ocean freight from China is beginning to arrive at the Port of Los Angeles and Long Beach, an increased flow of shipping containers aiming to beat potential tariff increases. President Trump imposed…
China says it will sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with – a move that could benefit middle-income nations as they prepare for tariff hikes on products entering the United States. The move, announced at a China-Africa co-operation…
In the ever-shifting theatre of global trade, two major powers have made their moves–one with threats, the other with opportunity. As Africa faces looming tariffs from the United States, China has chosen a different approach: opening its doors to all 53 African nations with which it has diplomatic relations. Announced at a recent China-Africa cooperation…
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized. Asked on CNBC’s “Money Movers” if the current U.S. tariffs on China are not going to change again, Lutnick replied, “You…
