SINGAPORE (Reuters) -U.S. Treasuries extended heavy losses on Wednesday in a sign investors are dumping even their safest assets as a global market rout unleashed by U.S. tariffs takes an unnerving turn towards forced selling and a dash for the safety of cash."This is beyond fundamentals right now. This is about liquidity," said Jack Chambers, senior rates strategist at ANZ in Sydney. The 10-year ...
Investing.com-- U.S. President Donald Trump said on Tuesday that he warned Taiwan Semiconductor Manufacturing Co (NYSE:TSM) (TW:2330) of a 100% tax imposition if it did not establish manufacturing facilities in the United States.Trump criticized the Biden administration for awarding a $6.6 billion grant to TSMC’s U.S. unit for semiconductor manufacturing in Phoenix, Arizona, arguing that fi ...
By Joe Cash and Trevor HunnicuttBEIJING/WASHINGTON (Reuters) -President Donald Trump’s "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, raised fears ...
By Mimosa SpencerPARIS (Reuters) -Growing fears that Donald Trump’s tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that wealthy Americans might help to pull it out of the biggest slump in years. One Wall Street analyst now expects worldwide sales of luxury goods will fall by as much as 2% this year, down from a prev ...