China vowed to “fight until the end” if the US insists on imposing new tariffs, after Donald Trump threatened another 50% hike on goods from the Asian nation. More here: https://bloom.bg/43FK3Xn
Bloomberg.com
China Vows ‘Fight to the End’ on Tariffs as It Props Up Markets
China pledged to retaliate against Donald Trump’s latest tariff threat and mobilized state organs to send a message of resilience, raising the risk of a prolonged trade war between the world’s two largest economies.
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Department of Homeland Security Secretary Kristi Noem offered employees three choices under a new “voluntary workforce transition program” intended to slash the department’s staff, according to an email seen by Bloomberg. Read more here: https://bloom.bg/4ic1xOB
📷: Ivan Valencia/Bloomberg
📷: Ivan Valencia/Bloomberg
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The Trump administration’s threat of massive new tariffs has sent Apple’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones. More here: https://bloom.bg/3XR8Fsq
Bloomberg.com
Apple Customers Dash to Stores to Buy iPhones Ahead of Tariffs
The Trump administration’s threat of massive new tariffs has sent Apple Inc.’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones.
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The $115 trillion global economy must contend with twin shocks from Trump's tariffs and China. Few will escape unscathed. Read here: https://bloom.bg/4jihEeh
📷: Andres Martinez Casares - Pool/Getty Images, Bonnie Cash/UPI/Bloomberg
📷: Andres Martinez Casares - Pool/Getty Images, Bonnie Cash/UPI/Bloomberg
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Trump is eager to to keep the enormously popular social media platform online in the US and avoid the political consequences of the ban taking effect. Here's what to know: https://bloom.bg/4cnO98D
Bloomberg.com
Trump Is Delaying the US TikTok Ban Again. What’s Next?
One of the first actions President Donald Trump took at the outset of his second presidency was granting a stay of execution for TikTok. Two and a half months later, he granted a second, and on June 18, he promised a third.
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EXCLUSIVE: China is discouraging Shein from moving some production overseas as Trump's tariff war escalates. https://bloom.bg/4i358yk
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EXCLUSIVE: China is discouraging Shein from moving some production overseas as Trump's tariff war escalates. https://bloom.bg/4i358yk
📷: Noriko Hayashi/Bloomberg
📷: Noriko Hayashi/Bloomberg
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Singapore will set up a taskforce to address economic uncertainties amid quickly escalating global trade tensions that are likely to undermine this year’s growth prospects, Prime Minister Lawrence Wong says. Read here: https://bloom.bg/3XRKvy1
Bloomberg.com
Singapore Sets Up Task Force as Trade Tensions Seen Hitting GDP
Singapore will set up a taskforce to address economic uncertainties amid quickly escalating global trade tensions that are likely to undermine this year’s growth prospects, Prime Minister Lawrence Wong said, one day before new US tariffs go into effect.
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President Donald Trump’s administration elevated El Salvador’s travel safety designation to the best possible, putting it above countries in Western Europe, ahead of President Nayib Bukele’s visit to the White House next week. Read here: https://bloom.bg/4idMrIv
📷: Juan Carlos/Bloomberg
📷: Juan Carlos/Bloomberg
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🎙 Donald Trump shocked the world -- and global markets -- with tariffs that exceeded expectations last week.
But there was one region that was hit harder than most: Asia.
Find out why and what that means for the region on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
But there was one region that was hit harder than most: Asia.
Find out why and what that means for the region on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
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Ultimately, investors in stocks, bonds and currencies were once again left trying to answer the same uneasy question: Is the US president truly willing to risk a worldwide recession to rewire global trade? https://bloom.bg/4cpqAfC
📷: Michael Nagle/Bloomberg
📷: Michael Nagle/Bloomberg
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Donald Trump’s steeper-than-expected tariffs have traumatized financial markets and triggered recession fears all over the world. His White House weighed the option of going even bigger. https://bloom.bg/4i1ublj
📷: Al Drago/Bloomberg
📷: Al Drago/Bloomberg
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The escalating trade war between the US and China saw Trump raise tariffs even further on small parcels that were until now exempt from taxes. Read more here: https://bloom.bg/4ctnCXJ
📷: Ben Montgomery/Getty
📷: Ben Montgomery/Getty
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LATEST: Trump's tariffs are now in effect, intensifying the global trade war.
Follow the latest news and analysis on how the new duties are impacting markets and economies: https://bloom.bg/4j1EYNL
Follow the latest news and analysis on how the new duties are impacting markets and economies: https://bloom.bg/4j1EYNL
Bloomberg.com
Live: Trump Tariffs Grip Markets
Trump Tariff Pause: Live Stock Market Reaction to 90-Day Delay, Excluding China
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President Donald Trump’s so-called reciprocal tariffs are now in place, dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.
Trump is imposing tariffs on China as high as 104% along with import taxes on roughly 60 trading partners that run trade surpluses with the US. Read more here: https://bloom.bg/4ljKj4J
📷: Qilai Shen/Bloomberg
Trump is imposing tariffs on China as high as 104% along with import taxes on roughly 60 trading partners that run trade surpluses with the US. Read more here: https://bloom.bg/4ljKj4J
📷: Qilai Shen/Bloomberg
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Ray Dalio says investors are too fixated on tariffs and not paying enough attention to the bigger “once in a lifetime” breakdown that’s occurring. Read more here: https://bloom.bg/3YkaI8w
📷: Victor J. Blue/Bloomberg
📷: Victor J. Blue/Bloomberg
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🚨 Follow our live coverage on how global markets and world leaders are responding to President Trump's tariff backtrack https://bloom.bg/4i6MKVm
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🎙Stock markets staged a dramatic rebound in the wake of the US president’s pause on tariffs, following a tumultuous week that’s caused anxiety for investors across Australia.
This week on the podcast, Chris Bourke and cross asset reporter Rich Henderson unpack the unprecedented market turmoil and ask: how does this all play out? https://bloom.bg/42fGDYM
This week on the podcast, Chris Bourke and cross asset reporter Rich Henderson unpack the unprecedented market turmoil and ask: how does this all play out? https://bloom.bg/42fGDYM
omny.fm
The Bloomberg Australia Podcast clips
Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.
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🚨 JOIN LIVE: What’s next for China as Xi and Trump find themselves locked in a standoff over tariffs?
Join our reporters for a Live Q&A. Ask questions here: https://bloom.bg/4cpNKmp
Join our reporters for a Live Q&A. Ask questions here: https://bloom.bg/4cpNKmp
Bloomberg.com
Live Q&A: What’s Next for China as Xi and Trump Face a Tariff Showdown
Bloomberg reporters answer your questions on China’s reaction to Trump’s tariffs.
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Trump’s tariffs are aimed at restoring US manufacturing in the name of national security. Instead, he’s alienating the allies he’d need in a potential war with China. https://bloom.bg/4js8zj5
📷: Bloomberg Daybreak/Getty Images
📷: Bloomberg Daybreak/Getty Images
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Trump’s dream of US-made iPhones would be a win for his political agenda. For Apple, it’s a near-impossible challenge. Here's why: https://bloom.bg/4jq9II3
📷: Michael M. Santiago/Getty Images North America
📷: Michael M. Santiago/Getty Images North America
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