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California to defy Trump's tariffs to allay global trade fears
California to defy Trump's tariffs to allay global trade fears
by  AFP

California Governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US President Donald Trump's tariffs. "Donald Trump's tariffs do not represent all Americans, particularly those that I represent here in the fifth largest economy in the world, the state of California."

Trump tariffs offer opportunity for China
Trump tariffs offer opportunity for China
by  AFP

In unleashing global tariffs, President Donald Trump has vowed to remake the world to benefit US workers. "Unlike previous presidents, President Trump fully understands the nature and scope of the problem -- and the existential threat posed by China -- and what needs to be done," Smith said.

Trump's tariff Big Bang puts global economy under threat
Trump's tariff Big Bang puts global economy under threat
by  AFP

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war. But it said things could get worse if a tit-for-tat trade war began, and on Friday China announced retaliatory tariffs on US goods of 34 percent.

TikTok faces new US deadline to ditch Chinese owner
TikTok faces new US deadline to ditch Chinese owner
by  AFP

TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States. In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.

US Fed Chair warns tariffs will likely raise inflation, cool growth
US Fed Chair warns tariffs will likely raise inflation, cool growth
by  AFP

US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.