archiveTariffs and global trade

Currencies

Asian shares are mostly lower after a mixed session on Wall Street

Asian shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street.Oil prices fell more than $1 a barrel. China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.Japan’s Nikkei 225 index dropped 1.1%, however, to 37,705.74. Computer chip-related stocks were among the biggest decliners, with Disco Corp. falling 2.6% and Advantest down 1.8%. Hong Kong’s Hang Seng was the outlier, picking up 0.2%...
Stock Market

Stock market highlights: Trump pauses tariffs, sending S&P 500 surging

Today’s live coverage has ended. Read what you missed below and follow the latest updates on President Donald Trump and his administration.Stocks surged to one of their biggest gains since World War II after President Donald Trump paused his tariffs against most other nations, as investors had desperately hoped he would. Trump, though, did raise tariffs further on China.The S&P 500 soared 9.5%, though the index is still below where it was when Trump announced his sweeping set of tariffs last week. The Dow Jones Industrial Average flew nearly 3,000...