Bessent Warns China Against Currency Devaluation Amid Escalating Trade Tensions
US Treasury Secretary Scott Bessent warns China against devaluing its currency amid trade tensions, urging diplomatic talks and action on fentanyl exports.
Economy News
Trump Administration Reconsiders High Port Fees on Chinese Ships Amid Trade Tensions
The Trump administration is reconsidering its plan to impose high port fees on Chinese ships, shifting towards a capacity-based fee structure to mitigate impacts on US exports. The...
BoE Warns of Intensified Global Economic Uncertainty Amid US Tariffs and Inflation Risks
The Bank of England reports increased global economic uncertainty due to US tariffs, predicting higher inflation and interest rate cuts, while affirming the UK banking system's res...
Vietnam's Durian Exports Plummet as Dragon Fruit and Banana Take the Lead Amidst Stricter Global Standards
Vietnam's durian exports have significantly dropped due to stricter international quality standards, while dragon fruit and banana exports rise. Challenges include increased inspec...
Won-Dollar Exchange Rate Skyrockets to Decade High as US-China Trade War Escalates
The won-dollar exchange rate has surged to its highest level in over a decade, trading at 1,486.9 won, due to escalating tensions in the global trade arena, particularly between th...
Exclusive: Trump Administration Rethinks High Port Fees on Chinese Ships Amid Trade Tensions
The Trump administration is reconsidering its plan to impose high port fees on Chinese-made ships, shifting to a capacity-based fee structure to minimize the impact on US exports. ...
BoE Warns of Escalating Global Economic Uncertainty Amid Trump's Tariffs Impact
The Bank of England reports increased global economic uncertainty due to US tariffs, predicting higher UK inflation and potential interest rate cuts, while affirming the UK banking...
JPMorgan CEO Jamie Dimon Predicts Recession as Tariff Wars Escalate
JPMorgan CEO Jamie Dimon warns that Trump's tariff policies could lead to a recession, citing market volatility and the cancellation of IPOs as indicators of growing economic uncer...
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