Business

OECD lowers global outlook as Trump trade war hits US growth

OECD Secretary-General Mathias Cormann and MCM members pose for a photo after the opening ceremony of the 2025 Ministerial Council Meeting at the OECD Headquarters in Paris, France, June 3, 2025. REUTERS PARIS (Reuters) — Global economic growth is slowing more than expected only a few months ago as…
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Asia shares, dollar slip as tariff tensions darken mood

Pedestrians are reflected on a stock quotation board showing a graph of Nikkei share average outside a brokerage in Tokyo, Japan on April 14, 2025. REUTERS SYDNEY (Reuters) — Asian share markets and the dollar made a soft start on Monday as U.S.-China trade tensions continued to simmer, while inves…
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Trump says he plans to double steel, aluminum tariffs to 50%

President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. REUTERS WEST MIFFLIN, Pennsylvania (Reuters) — President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25%, ratche…
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Shares mixed, dollar struggles on Trump’s chaotic tariffs

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS SINGAPORE (Reuters) — Shares were mixed on Tuesday as President Donald Trump’s postponement of his threatened 50% d…
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