Tariff
Cognac and champagne makers seek to boost US exports to avoid tariff risks
PRODUCERS of Cognac and Champagne are seeking to ship more bottles to the US as they brace for potential extra tariffs under President-elect Donald Trump.
LVMH’s Cognac brand Hennessy has...
Many China copper traders halt US scrap imports on tariff fears
MANY Chinese metal importers have stopped buying US copper scrap in anticipation of tariffs being imposed when Donald Trump assumes the presidency, according to Beijing Antaike Information Development.The purchases...
China’s yuan falls to one-year low on weak growth, tariff risk
THE yuan fell to the lowest level in about a year versus the greenback, as traders added bearish wagers on lacklustre China growth amid risks of higher US tariffs.The...
Chinese EV makers slip further in Europe amid tariff tussles
CHINESE carmakers’ push into the European electric vehicle (EV) market continued to meet resistance, with their share of deliveries to the region slipping during October in the run-up to...
Nissan October production down globally except in Mexico, but Trump tariff threat looms
NISSAN Motor said on Thursday (Nov 28) that its global production fell for a fifth straight month in October, led by downshifts at most of its manufacturing hubs except...
Gold prices held steady amid growing tariff war fears
GOLD prices were steady on Thursday (Nov 28), as investors digested a flurry of economic data in the previous session and evaluated the possibility of a tariff war sparked...
US dollar drops as markets weigh Trump tariff vow, yen hits 5-week high
THE US dollar fell to a one-week low against its major peers on Wednesday (Nov 27) as investors grew cautious about President-elect Donald Trump’s tariff pledges while rebalancing their...
STI down 0.3% as investors continue to digest Trump’s tariff threat
SINGAPORE stocks traded lower on Wednesday (Nov 27) afternoon, as investors continued to digest the threat of Trump’s tariffs.As at 12.01 pm, the Straits Times Index (STI) was down...
