[ad_1] Chinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China, February 7, 2025. Go Nakamura | ReutersBEIJING — China’s reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China.Hours after U.S. President Donald Trump announced additional 34% tariffs on China, the Chinese Ministry of Commerce called on the U.S. to cancel the tariffs, and vowed unspecified countermeasures. The sweeping U.S. policy also slapped new duties on the European Union and major Asian countries.Chinese exports to the U.S. this year had…
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[ad_1] Bank of Japan Deputy Governor Shinichi Uchida said on Friday that the central bank will raise interest rates if underlying inflation heightens against the background of continued improvements in the economy. Key quotesWill raise interest rates if underlying inflation heightens against background of continued improvements in the economy. We will examine, without any preset idea, whether our economic, price forecasts laid out in our quarterly report will be achieved.We will scrutinise at each meeting economic, price developments and risks including the impact of U.S. tariffs.Trump tariffs are likely to put downward pressure on Japan, global economies.There are various upside, downside impacts on…
[ad_1] South Korea’s impeached President Yoon Suk Yeol arrives for his impeachment trial at the Constitutional Court in Seoul, South Korea, on Jan. Kim Hong-ji | ReutersSouth Korea’s Constitutional Court Friday upheld the impeachment of President Yoon Suk Yeol, ousting him from office.The decision now starts a 60-day countdown where a presidential election must be held to select the next president. In the interim, Prime Minister Han Duck-soo has been reinstated as acting president following a decision by the constitutional court on March 24.In a broadcast on South Korea television, the acting chief of the Constitutional Court Moon Hyung-bae said the…
[ad_1] Real estate investment trusts (REITs) offer a combination of high dividend yields, potential for growth, and diversification benefits, making them an attractive option to consider for investors seeking passive income. Here are a handful owned across the Fool.co.uk contract writing team! Primary Health Properties What it does: Primary Health Properties specialises in purchasing and renting primary healthcare facilities within the United Kingdom and Ireland. By Mark Hartley. Primary Health Properties (LSE: PHP) is a real estate investment trust (REIT) that benefits from stable revenue through long-term leases backed by the NHS and Irish government. This makes it a good…
[ad_1] The U.S. Department of Transportation will look “less favorably” on safety projects that reduce lane capacity for vehicles, according to the agency’s newly issued grant criteria — raising alarm among advocates for safe street design, especially in dense urban environments with little space to spare.The Trump administration last week issued its first notice of funding opportunity for the Safe Streets and Roads for All program, giving communities an unusually tight window of just three months to submit applications for roughly $1 billion in funding.That money, historically, has gone to a mix of planning grants and hard infrastructure projects aimed…
[ad_1] An eventful week capped off by President Trump announcing 10% tariffs on all imports saw mortgage interest rates react with a yawn. The average rate on the 30-year fixed-rate mortgage dropped one basis point to 6.76% the week ending Apr. 3, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point. Despite this tepid first take, the tariff news could have major implications for mortgage rates. Here’s why.Investors balk at tariffsTariffs won’t directly change mortgage interest rates, but they may have set off a chain reaction that could lead to lower…
[ad_1] What’s the context?What are the critical minerals U.S. President Donald Trump wants from Ukraine?LONDON – Ukrainian President Volodymyr Zelenskiy said he is still willing to sign a deal on developing critical minerals with the United States, despite last week’s explosive Oval Office meeting. Zelenskiy rejected U.S. President Donald Trump’s initial demand for $500 billion of mineral wealth from Ukraine in repayment for military support, but was expected to sign an agreement on Friday before Trump accused him of being ungrateful for U.S. aid, of showing disrespect to the United States and of risking World War Three. Despite the fallout,…
[ad_1] Economists, market watchers and consumers alike are still trying to understand the implications of President Donald Trump’s announcement on Wednesday of sweeping new tariffs.The plan, part of Trump’s “Make America Wealthy Again” initiatives, features a baseline 10% tariff on all U.S. trading partners as well as duties as high as 50% on nations with which the U.S. has a trade deficit. Imports from China, South Korea and Japan, for instance, face 34%, 25% and 24% tariffs, respectively. Products from the European Union will come with a 20% levy.Reaction from investors was swift. The S&P 500 — a proxy for…
[ad_1] Critical materials, such as titanium, tantalum, and tungsten, are key building blocks in many U.S. military weapon systems. They enable unique, high-performance combat capabilities. For example, titanium is a strong, light-weight metal that helps prevent corrosion on weapons used in a variety of climates.Despite the importance of these materials to our military, in many cases, their sources (for example, mines) are controlled by nations that the U.S. military is in competition with. This puts our national security at risk.Today’s WatchBlog post looks at our new report about the Department of Defense’s efforts to reduce risks that could affect supply chain access…
[ad_1] The European Commission published a list of 47 strategic projects on Tuesday to boost the EU’s production of 14 of the 17 materials it deems critical for its energy transition and security. [ad_2] Source link