Trump says countries aligning with BRICS policies will face additional 10% tariff

President of the United States Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025. Kyle Mazza | Anadolu | Getty Images U.S. President Donald Trump announced that an additional 10% tariff will be charged to countries “aligning themselves with the anti-American policies…

Asia-Pacific markets trade mixed after Wall Street gains on strong jobs report

The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Asia-Pacific markets traded mixed Friday after Wall Street gained on a better-than-expected jobs report eased investors’ concerns of a slowdown in the U.S. economy. Japan’s Nikkei 225 benchmark…

Asia-Pacific markets trade mixed as investors assess gains on Wall Street and Trump’s tariff plans

Shanghai Bund skyline panorama Yangna | E+ | Getty Images Asia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said on Monday that there are…

Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks

U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via Reuters Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States,…

China’s manufacturing activity contracts for a third month amid deflation woes

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images China’s manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, fueling hopes for more stimulus to cushion the…

Asia-Pacific markets track Wall Street gains after White House downplays tariff deadline

Aerial view of Osaka Skyline Nikada | E+ | Getty Images Asia-Pacific markets mostly rose Friday, tracking Wall Street’s gains after White House spokesperson Karoline Leavitt downplayed the impending start of the tariff deals, which have weighed on investor sentiment. July 8 is when the so-called liberation day tariffs are set to take effect after…