The EU is “ready to impose countermeasures” following Trump’s 50% steel tariff increase.

President Donald Trump’s decision to increase tariffs on steel imports was denounced by the European Union on Saturday, claiming that it “undermines” attempts to find a “negotiated solution” in the current trade war. “We unequivocally lament the reported increment of…

Read More...The EU is “ready to impose countermeasures” following Trump’s 50% steel tariff increase.

Strong Nvidia results drive the S&P 500 higher, but gains are limited by trade policy uncertainty: Real-time updates

Nvidia led the S&P 500’s increase on Thursday. However, investors were cautious after a barrage of legal developments involving President Donald Trump’s “reciprocal” tariffs, which limited advances. The broad index rose as much as 0.9% during the day, but ended…

Read More...Strong Nvidia results drive the S&P 500 higher, but gains are limited by trade policy uncertainty: Real-time updates

PM Ishiba of Japan hopes to further U.S. tariff negotiations and monitors the results at the G-7 conference.

According to Japanese Prime Minister Shigeru Ishiba, Tokyo wants to go on with tariff negotiations with the US in order to reach a consensus at the Group of Seven summit next month. Ryosei Akazawa, Japan’s senior tariff negotiator, held a…

Read More...PM Ishiba of Japan hopes to further U.S. tariff negotiations and monitors the results at the G-7 conference.