A cargo ship carries foreign trade containers on the Jiaozhou Bay waterway in Qingdao, Shandong Province, China, on August 5, 2025. Costfoto | Nurphoto | Getty Images China’s export growth in July sharply beat market expectations as the clock on a tariff truce with the U.S. keeps ticking, while imports rose to their highest in a year.Exports climbed 7.2% in July in U.S. dollar terms from a year earlier, customs data showed Thursday, exceeding Reuters-polled economists’ estimates of a 5.4% rise.Imports rose 4.1% last month from a year earlier, marking the biggest jump since July 2024, according to LSEG data.…
Author: usaeverydaylife
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025.Kazuhiro Nogi | Afp | Getty ImagesSony raised its full-year operating profit forecast Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing a diminished impact from U.S. President Donald Trump’s trade war.In May, Sony forecast a profit of 1.28 trillion yen, factoring in a 100 billion yen hit from the tariffs.The Japanese conglomerate has transformed from a maker of household electronics such as the Walkman to an entertainment behemoth spanning games, movies, music and chips.Sony reported a 36.5% rise in operating profit to…
Pres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement. Source link
Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.”Details on how much domestic manufacturing is required to qualify for the exemption remain unclear.Japanese semiconductor manufacturer Tokyo Electron fell over 5% before paring losses to trade 2.9% lower as of 11.20 a.m. Japan time (10.20 p.m. ET Wednesday), data from LSEG showed. Other Japanese chip stocks mirrored the fall. Renesas Electronics declined 4% at the open while Advantest slid 3.3%.However, South Korean chip majors Samsung and SK…
US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images India’s set to face a 50% tariff after the White House announced an additional 25% levy on the South Asian country Wednesday over its purchases of Russian oil. That’s now among the highest duties on any of the U.S.’ trading partners.New Delhi responded swiftly in a statement Wednesday, describing the U.S.’ decision to raise tariffs as “unfair, unjustified and unreasonable,” and that…
Pres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement. Source link
India’s economy could take a multibillion dollar hit after President Donald Trump raised tariffs on Indian goods to 50% — one of the highest levies on any trading partner — over objections to the South Asian country’s oil trade with Russia.Trump had previously imposed tariffs of 25% on Indian goods due to the country’s high trade barriers.While only around 20% of India’s goods exports — or 2% of GDP — are U.S.-bound, certain sectors are disproportionately exposed. UBS estimates $8 billion worth of exports are most vulnerable, including gems and jewellery, apparel, textiles, and chemicals.The new tariffs are set to go into…
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesGeneral Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals.Four of the vehicles — a compact SUV/car/ pickup, and a mid-size pickup — are targeted at Central and South American markets and will support both internal combustion and hybrid powertrains.At full production scale, the companies expect to roll out at least 800,000 vehicles annually.The partnership will help GM compete against rising Chinese players in the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
United Airlines planes at Denver International Airport in Denver, Colorado on Wednesday, July 2, 2025. Aaron Ontiveroz | Denver Post | Getty ImagesUnited Airlines on Wednesday said that it has suspended flights due to a tech issue, and anticipates additional flight delays in the evening.”Due to a technology issue, we are holding United mainline flights at their departure airports,” the airline said.The U.S. Federal Aviation Administration earlier said it issued a ground stop for United Airlines flights at several U.S. airports. Source link
