US and China to start talks over trade war this week.
Businesses and investors have been anxiously waiting for signs of a thaw in US-China tensions amid fears a prolonged trade war could cause serious damage to the global economy.
GLOBAL ECONOMIES
JetBlue to partner with another U.S. airline in the coming weeks.
Despite attempts to renew a partnership, agreement could not be reached on “a construct that preserved the benefits” of what was envisioned, American said
Amazon sellers, Shein, Temu raise prices over Trump tariffs.
Trump scrapped the exemption for goods from China and Hong Kong and slapped a 145 percent tariff on many Chinese imports.
Trainer prices will rise due to tariffs, says Adidas.
Fashion brands, and especially sports shoe producers such as Adidas, will be hit by the introduction of tariffs as the bulk of their products are made in countries including Vietnam, Indonesia and China.
Qatar, Saudi Arabia to Settle Syria’s World Bank Debt
Both Gulf states have played a key role in the diplomatic outreach to Syria’s new rulers since the ouster of longtime strongman Bashar al-Assad in December.
California Beats Japan as the Fourth Largest Economy
Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth.
A dozen US states sue to halt Trump’s tariffs.
Twelve states joined the lawsuit, which was filed with the United States Court of International Trade.
China sends Boeing planes back to US over tariffs.
China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.
US stocks and dollar plunge as Trump attacks Fed chair Powell.
US equities had opened the session lower, but stumbled further shortly after the opening bell when Trump called Powell a “major loser” for not cutting interest rates in a social media post
Gold Reaches $3,500 as Trump’s Attacks on Powell Unnerve Markets
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump’s renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets