China warned other countries against making trade deals with the United States to China’s detriment. Governments including those of Taiwan, Japan and South Korea have begun negotiations with Washington after President Donald Trump announced sweeping tariffs against almost all of America’s trading...
World Economy News
Brazil’s Vale sees no material impacts from trade war so far
Brazilian miner Vale said on Friday that it has so far not seen a material impact from the ongoing global trade war on its operations and sales, but vowed to keep monitoring it closely amid uncertain market conditions. Vale is one of the world’s largest iron ore producers and has a top client in...
https://www.hellenicshippingnews.com/brazils-vale-sees-no-material-impacts-from-trade-war-so-far/
China’s Q1 industrial profits return to growth amid tariff woes
China’s industrial profits returned to growth in the first quarter, official data showed on Sunday, but are likely to come under further pressure amid a trade war with the United States. With Washington’s aggressive tariffs threatening to hit China’s crucial export engine hit and no time frame yet...
https://www.hellenicshippingnews.com/chinas-q1-industrial-profits-return-to-growth-amid-tariff-woes/
World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank’s chief economist. Gill said global economists were rapidly lowering their...
Conflicting US-China talks statements add to global trade confusion
U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap...
China warns G20 global economic growth ’insufficient’, trade tensions weaken momentum
China warned a G20 meeting that world economic growth was “insufficient” as tariff and trade wars exacerbated economic and financial instability and sapped growth momentum, its finance ministry and central bank said. Speaking at the group’s meeting in Washington, Finance Minister Lan Foan called on...
US and EU not close to deal on tariffs – EU’s Dombrovskis
The United States and the European Union still need a lot of work to reach a deal that would prevent the imposition of tariffs on each other’s goods, EU Economic Commissioner Valdis Dombrovskis said on Friday. The U.S. imposed 25% tariffs on EU cars, steel and aluminium in March and 20% tariffs on...
https://www.hellenicshippingnews.com/us-and-eu-not-close-to-deal-on-tariffs-eus-dombrovskis/
China’s growth likely peaked for 2025 as tariffs and jobs weigh: MRB
China is likely to roll out supportive measures to cushion the economic hit from U.S. tariffs, but that isn’t likely to be enough, Macro (BCBA:) Research Board said, forecasting that Beijing’s economy has likely peaked for the year as a stuttering job market may force consumers to rein in spending....
Consumers still spending in April – BofA Institute
While the on-again, off-again tariff implementations have rattled the stock market since being announced in early April, consumers have continued to spend, according to the Bank of America Institute. According to aggregated debit and credit card data, consumer spending growth “showed positive...
https://www.hellenicshippingnews.com/consumers-still-spending-in-april-bofa-institute/
Core inflation in Japan’s capital hits 2-year peak, raising challenge for BOJ
Core inflation in Japan’s capital accelerated to a two-year high in April on surging food costs, making the central bank’s quest to fully exit ultra easy policy a delicate balancing act of managing risks between higher U.S. tariffs and rising prices. Friday’s Tokyo inflation data, considered a...