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Citi Sees Africa Trading More With China, EU

Citi Sees Africa Trading More With China, EU After US Tariff Hit

African trade flows may shift further away from the US after President Donald Trump announced a slew of new tariffs, the head of Citigroup Inc.’s regional office said.Trump unveiled a revised global plan on Thursday that imposed levies as high as 30% on imports from countries including South Africa — the continent’s biggest economy — and Algeria.

Fast Company · 1d

China promises to help companies hit by tariffs after inconclusive trade talks

China’s top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks.

BBC · 1h

Trump hits South Africa with 30% tariffs - no African country has a higher rate

South African products exported to the US will be hit by a 30% tariff from 7 August, President Donald Trump has announced. South Africa faces the highest rate in sub-Saharan Africa, reflecting Trump's strained relationship with the government of President Cyril Ramaphosa.

Apple got a much-needed iPhone and China boost

CNN · 18h

Apple got a much-needed iPhone and China boost, but expects a $1.1 billion tariff hit this quarter

Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year.

MarketWatch · 15h

Apple beats expectations in China despite trade-war uneasiness

Trade tensions didn't stop Apple from a revenue beat in China. The company reported net sales of $15.4 billion in Greater China for the fiscal third quarter, beating the $14.9 billion FactSet consensus and rising from the $14.

The Financial Times · 16h

Apple revenues surge on strong iPhone sales and rebound in China

Global iPhone sales were up 13.5 per cent year on year at $44.6bn. The strong earnings are a boost to Apple which has been heavily hit by Trump’s trade and tariff agenda since his “liberation day” announcements in April,

China, Trump

Reuters on MSN · 2d

US, China tariff truce holds for now but US says Trump has final say

U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world's two biggest economies that threatens global growth.

BBC on MSN · 2d

No deal on China tariffs until Trump agrees, says Bessent

Trump started hiking tariffs on Chinese goods shortly after his return to the White House. China ultimately responded with tariffs of its own. Tensions escalated, with tariff rates hitting the triple digits, before a trade truce in May.

The New York Times · 1d

China’s Small Workshops Are Hurting. Trump’s Tariffs Are Only One Reason.

The U.S.-Chinese cease-fire left exporters with crippling tariffs, worsening a slowdown for light-industry factories caused by China’s shift to advanced manufacturing.

21h

US Treasury Secretary Bessent discusses trade talks with China as tariff deadline looms

US Treasury Secretary Scott Bessent on Thursday said he was confident the U.S. and China could strike a trade deal as a key ...

2don MSN

China-US trade talks conclude without deal to prevent tariffs from surging again

Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert ...

1don MSN

Tariffs Are Just Tip of the Iceberg for China. These Are the Bigger Problems.

Chinese stocks have been a standout this year, with the MSCI China up 26%, trouncing the 9% gain in the S&P 500. Those ...

2don MSN

US and China Agree to Work on Extending the Tariff Pause Deadline in Trade Talks in Stockholm

China and the U.S. have agreed to continue their tariff pauses on each other, according to China's top trade official ...

3hon MSN

Tracking Trump’s Tariffs by Country and Sector

Here’s a breakdown of all the U.S. trade levies on countries and sectors—and the turbulent timeline to get there.

Swarajya4h

Trump Tariff Order: India Hit With 25 Per Cent Duties, Pakistan Rate Cut To 19 Per Cent; China Talks Face 12 August Deadline

The duties ranged as high as 41 per cent on Syria, 35 per cent on many goods from Canada, 50 per cent for Brazil, 25 per cent ...

1don MSN

Tariff impact on China's economy to be apparent from August onwards if there isn't a US-China deal

Qin Yong of Sumitomo Mitsui Banking Corporation (China) says there could be a significant slowdown of China's GDP growth in ...

20hon MSN

US toy makers are getting slammed by China tariffs — and have dire warnings if the mess isn’t fixed soon

US toy makers are getting slammed this summer by President Trump’s China tariffs — and some are sounding dire warnings about ...

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