The Fed is keeping rates steady at 4.25%-4.5% as new tariffs fuel inflation risks, prompting a cautious wait-and-see approach.
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China plans global push for Shanghai Gold Exchange to boost yuan-based gold trade
China is weighing plans to establish overseas warehouses for the Shanghai Gold Exchange, in a move to boost international settlement of yuan-denominated gold contracts and expand the global use of its gold benchmark.
Even with a 90-day pause, Trump’s tariffs are already hitting Asia. Two charts show the impact.
President Trump’s new tariffs hit Asian exporters the hardest. With a 90-day pause in place, countries like Vietnam and Cambodia seek trade solutions amid rising U.S. trade deficits.
U.S. trade deficits and Trump’s new tariffs: which countries are getting hit the hardest?
The U.S. reported major trade deficits in February 2025 with China, the EU, and Mexico—just as President Trump’s latest round of ‘reciprocal’ tariffs took effect. Here’s a breakdown of who’s facing the steepest penalties, and why some key allies like Canada and Mexico are exempt.