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19247 articles published since 08 Mar 2022

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Nintendo Switch 2 sparks excitement despite high price
Nintendo Switch 2 sparks excitement despite high price
Economy

Nintendo fans excited over the upcoming Switch console said Thursday they were disappointed by the high price tag, as US tariffs bite. Some media reported that export data shows Nintendo has been amassing an inventory of the new Switch in the United States to get ahead of the tariffs.

US's Asia-Pacific allies stung by Trump tariffs
US's Asia-Pacific allies stung by Trump tariffs
Economy

China vowed "countermeasures" to Donald Trump's sweeping tariffs on Thursday but elsewhere in the Asia-Pacific region US allies were still scrambling for last-ditch talks to mitigate the levies that will hit Asia's manufacturing powerhouses hard.

EU to target US online services after Trump tariffs: France
EU to target US online services after Trump tariffs: France
Economy

The European Union is "ready for a trade war" with the United States and plans to "attack online services" in response to Donald Trump's new tariffs, the French government spokeswoman said Thursday. "We have a whole range of tools and we are ready for this trade war," she added.

Taiwan says US tariffs 'highly unreasonable'
Taiwan says US tariffs 'highly unreasonable'
Economy

US President Donald Trump's tariffs were "highly unreasonable" and the government planned to start "serious negotiations" with Washington, Taipei said Thursday. "The Executive Yuan found the decision highly unreasonable and deeply regretted it, and will initiate serious negotiations with the United States," cabinet spokeswoman Michelle Lee said.

China says opposes new US tariffs, vows 'countermeasures'
China says opposes new US tariffs, vows 'countermeasures'
Economy

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its own rights and interests". The Commerce Ministry in Beijing said in a statement that those tariffs "do not comply with international trade rules and seriously harm the legitimate rights and interests of the relevant parties".

Stocks tank, havens rally as Trump tariffs fan trade war
Stocks tank, havens rally as Trump tariffs fan trade war
Economy

Equity markets suffered a bloodbath Thursday after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Oil also suffered big losses, with both main contracts down more than two percent on fears that the shock to economies would hit demand.

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