(Reuters) – The World Trade Organization on Wednesday estimated the U.S.- China trade tensions could cut the trade of goods between two economies by as much as 80%. “This tit-for-tat approach between the world’s two largest economies, which together account for roughly 3% of global trade, carries wider implications that could severely damage the global…
(Reuters) -Elon Musk’s xAI has nearly doubled gas turbines at its Tennessee data center, exceeding previously known figures and surpassing the number for which the company has submitted permits, according to a letter from community groups to the county’s health department. The Southern Environmental Law Center and local groups have called on the health department…
By Dan Catchpole SEATTLE (Reuters) – Boeing delivered 41 jets in March, up from 29 during the same month a year ago, the company announced Tuesday, though the figure was slightly lower than the 45 handed over in January and 44 in February. Through the first three months of the year, Boeing delivered 130 jets,…
By Jonathan Saul and Renee Maltezou LONDON/ATHENS (Reuters) – President Donald Trump’s administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources. Among the changes under consideration are delayed implementation and new…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Short sellers targeting U.S. companies have gained $127 billion on paper from April 2 through Monday after President Donald Trump’s plans for sweeping tariffs sparked a sharp selloff in stocks, according to data and analytics company Ortex Technologies. The data, for U.S. companies with market capitalization $1 billion…
(Reuters) – Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into effect on Wednesday in a further escalation of trade hostilities that could slow the economy. Traders put about a 56%…
WASHINGTON (Reuters) – White House economic adviser Kevin Hassett played down economic concerns over President Donald Trump’s tariffs, saying the president has talked to world leaders all weekend and will listen to proposals for great deals. “He’s doubling down on something that he knows works, and he’s going to continue to do that,” Hassett, director…
By Anna Hirtenstein LONDON (Reuters) – Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals and coffee declined as the intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which hit a record peak last week, also fell amid…
(Reuters) -U.S. discount carrier Spirit Airlines said on Monday that CEO Ted Christie has stepped down with immediate effect as part of a shakeup, weeks after the company emerged from bankruptcy and reconstituted its board. Chief Commercial Officer Matt Klein is also leaving and will be succeeded by insider Rana Ghosh. Last month, the low-cost…
By Kalea Hall and Nora Eckert DETROIT (Reuters) – U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the current tariffs stay in place until 2035, sales of light-duty vehicles in…
