China urges U.S. to ‘immediately’ cancel reciprocal tariffs, vows counter-measures

BEIJING, CHINA – NOVEMBER 05: A view of China’s Ministry of Commerce (MOFCOM) on November 5, 2024 in Beijing, China.   Visual China Group | Getty Images China’s Ministry of Commerce urged the U.S. to “immediately cancel” its unilateral tariff measures and vowed to take “resolute counter-measures” to safeguard its own rights and interests, after U.S. … Read more

Asia markets live: Stocks fall

Sunset view of Yarra river and Melbourne skyscrapers business office building with evening skyline in Victoria, Australia. Australia tourism, modern city life, or business finance and economy concept Prasit Photo | Moment | Getty Images Asia-Pacific markets are poised to plunge on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 … Read more

Jim Cramer says Trump tariffs are more punitive than reciprocal

As President Donald Trump announced wide-ranging “reciprocal tariffs” on more than 180 countries and territories, CNBC’s Jim Cramer said on Wednesday that the president cares more about punishing America’s trading partners than appeasing investors. By including U.S. allies in the tariff hit, Trump shows his willingness to “disrupt everything” in order to teach other countries … Read more

Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump’s tariffs

Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC.  Andrew Harnik | Getty Images Treasury Secretary Scott Bessent said Wednesday the sell-off in the stock market is due more to a sharp pullback in … Read more

Conservative cable channel Newsmax shares plunge more than 70% after a dizzying 2-day surge

A Newsmax booth broadcasts as attendees try out the guns on display at the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 29, 2022.  Callaghan O’hare | Reuters Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived. … Read more