Aluminium prices in the United States have surged to record levels, far exceeding what import levies and transport costs alone would justify. Tight global supplies, combined with tariffs and low domestic inventories, are driving the spike. Used extensively in automotive, aerospace, packaging, and construction industries, aluminium’s rising costs are pushing up manufacturing expenses, squeezing margins, …
The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s surge. The Labour Department reported 224,000 initial claims for the week ending December 13, a decline of 13,000 from the previous week. Economists had expected 225,000 claims. Claims data have fluctuated in recent weeks due to seasonal adjustments …
The trade agreement between the United States and Indonesia is at risk of collapsing following renewed tensions over commitments made by Jakarta, according to a senior U.S. official. The official said Indonesia had backtracked on parts of the deal reached in July, noting that elements previously agreed upon are now being questioned. The remarks were …
The United States and China have struck a fragile truce in their long-running trade war, with President Donald Trump announcing tariff reductions in exchange for renewed Chinese cooperation on fentanyl control, agricultural trade, and rare earths supply. Speaking to reporters after face-to-face talks with President Xi Jinping in Busan, South Korea, Trump hailed the meeting …
U.S. President Donald Trump has ended trade talks with Canada after denouncing a political ad that used Ronald Reagan’s voice to criticise tariffs. The ad, produced by Ontario’s provincial government, reignited tensions between both countries as they negotiate new steel and aluminium trade terms. The controversy began when Ontario aired an ad using edited …
Switzerland’s exports to the United States surged in September as pharmaceutical companies accelerated shipments to beat Washington’s impending tariff hike. Data released on Tuesday by the Swiss Federal Customs Administration show that total Swiss exports to the U.S. soared by nearly 43% in seasonally adjusted terms compared to August, a sharp rebound after a slump …
China did not import any soybeans from the United States in September, the first time since November 2018, as escalating trade tensions and high tariffs pushed buyers toward South American suppliers. According to data from China’s General Administration of Customs, imports from the U.S. fell to zero from 1.7 million metric tons in the same …
U.S. President Donald Trump has warned that India will continue to face “massive” tariffs if it does not halt imports of Russian oil, reigniting trade tensions between Washington and New Delhi. Speaking to reporters aboard Air Force One on Sunday, Trump claimed that Indian Prime Minister Narendra Modi had assured him that India would stop …
Federal Reserve Chair Jerome Powell on Tuesday delivered his final speech before the Fed’s upcoming policy meeting, navigating a U.S. economy torn between strong growth, rising productivity, and mounting inflation risks. The address comes as policymakers grapple with incomplete economic data amid a U.S. government shutdown that has delayed the September jobs report and other …
The threat by United States President Donald Trump to impose a 100% tariff on China has triggered a $1.65 trillion stock wipeout overnight. The ink was barely dry on Trump’s Truth Social post when the world felt the quake—at 10:03 PM WAT on October 10, 2025. President Trump declared war on Chinese imports with a …
