By Philip Blenkinsop, Joe Cash and Andrea ShalalBRUSSELS/BEIJING/WASHINGTON (Reuters) -The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties less than a day after imposing them on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.The Trump administration is weighing offers fr ...
By Naomi Rovnick, Harry Robertson and Sinead CruiseLONDON (Reuters) -The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies.With U.S. Treasuries nursing huge losses on Wednesday - the strongest sign yet that stress is im ...
By Daina Beth SolomonSANTIAGO (Reuters) -Peru’s copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca.That would put Peru’s copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons last year. Torreblanca said in an interview with Reuters, on the sideline ...
By Juveria Tabassum and Lisa Baertlein(Reuters) -So many U.S. companies rushed in goods to avoid President Donald Trump’s threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land. U.S. import bookings on massive container ships dropped 64% from March 24-31 to Ap ...