Angela Barnes
Economy
Donald Trump to offer automakers some relief on his 25% tariffs
President Donald Trump signed executive orders on Tuesday to relax some of his 25% tariffs on automobiles and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.
Economy
Greece unveils €1bn in benefits after posting 1.3% budget surplus
Greece’s prime minister on Tuesday announced €1 billion in financial benefits for lower-income households and the public investment program, after the country became one of the few European Union members to post a budget surplus in 2024.
Business
South Korea to boost chip industry support in face of Trump's tariffs
South Korea said on Tuesday it will expand its financial support package for its crucial semiconductor industry to 33 trillion won (about €22.43 million) as part of efforts to address uncertainties posed by the Trump administration’s tariff hikes.
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Markets
Wall Street rallies to historic gains as Trump halts most tariffs
Asian shares followed the US trend and surged overnight with Japan’s benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump ’s decision to back off on most of his tariffs.
Economy
China vows to fight tariffs to end and says trade with US is balanced
China again vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the US came into effect.
Markets
Wild market swings: Stocks volatile on Wall Street as tariff woes hit
Wild swings dominated Wall Street's trading session on Monday with the market catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about whether President Donald Trump’s trade war will torpedo the global economy.
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