timef 04/09/2025

The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum.

The agreement paves the way for Germany's CDU, CSU and SPD to form the country's new government with Friedrich Merz as chancellor.

China's Office of the Tariff Commission of the State Council said tariffs on U.S. goods will rise to 84% from 34% starting on April 10.

China on Wednesday said it would increase its reciprocal tariff on U.S. goods to 84% from a previous 34%, amid a deepening trade war between the world's two largest economies.

Mortgage demand surged to the highest level since September as Trump's tariff plans caused interest rates to drop. But those rates are now back up.

"Traditionally you might have gone into the U.S. during a period of volatility, but this is a U.S. story. Germany is benefiting from a wider flight to quality."

The EU has faced criticisms that its rules on everything from AI to taxation hinder innovation and make it harder for startups to operate across the region.

Delta said it couldn't reaffirm its 2025 financial guidance.

Europe's auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump's sweeping tariffs on dozens of countries came into effect.

U.S. Treasury yields surged Wednesday as U.S. President Donald Trump's tariffs regime continued to rattle markets.

The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world's proven crude oil reserves.

China's foreign ministry reiterated Wednesday that it will take "resolute and forceful" measures to protect its own interests.

Despite growing consternation and concern expressed by economists and CEOs, Trump administration officials have been stubborn in defending its trade policies.

Donald Trump's move to impose tariffs on goods from around the world is leaving companies scrambling to decide where and how their goods are produced.

Although far from a foregone conclusion, a robust pricing mechanism in the shipping sector would be considered one of the climate deals of the decade.

The rate cut was in line with expectations, and comes as the U.S.' reciprocal tariffs kicked in, with a 26% levy slapped on goods coming in from India.

Analysts now talk not just of a war over trade, but one that could spread beyond technology to investment and other realms.

President Trump brushed off concerns about stock market declines after his tariffs were announced. "America is going to be very rich again very soon," he said.

Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with the U.S.

Despite growing consternation and concern expressed by economists and CEOs, Trump administration officials have been stubborn in defending its trade policies.

Among the tech megacap companies, Apple has been the hardest hit by President Donald Trump's tariffs.

With shares of Tesla plummeting on tariff concerns, CEO Elon Musk is taking to social media to slam top Trump trade advisor Peter Navarro.

Martin said Apple's costs would skyrocket if it began building its marquee product in the U.S.

U.S. crude oil is down about 14% and Brent has fallen around 13% since Trump announced his tariffs last Wednesday.

The recent S&P 500 selloff, fueled by fear of the impact of President Donald Trump's tariff policy, was the worst since the early days of the Covid-19 pandemic.

Japan has been at the forefront of countries eager to negotiate, and the White House expects a multitude of others.