US tariffs

Ikea to ramp up US production as tariffs bite 

The push for local production aims to support its expansion in the US, its second-biggest market, and the wider region

France’s President Emmanuel Macron (left) and China’s President Xi Jinping (right) shake hands after a joint press conference at the Great Hall of the People in Beijing on Dec 4.

Macron urges Xi to step up efforts on Ukraine, rebalancing global trade

A large business delegation is accompanying Macron on his fourth state visit to China

Across Asia this year, businesses in major exporting nations have been scrambling to navigate the uncertainty created by US President Donald Trump’s sweeping tariffs.

Manufacturing weakens in Europe, Asia on faltering demand and tariff uncertainties

Factory activity contracted for the ninth straight month in the US amid slumping orders and higher prices for inputs

Cyber Monday is once again expected to be the biggest online shopping day of the year in the US.

Cyber Monday US spending growth seen lagging Europe amid tariffs

Mixed signals are swirling in the America this holiday shopping season

The fall in capital spending suggests the revised GDP figures may show a larger contraction in the economy over the summer.

Japanese firms scale back investment as tariff headwinds hit

Monday’s figures will be factored into revisions made to third-quarter GDP data due Dec 8

The Budget results for the first month of the 2026 fiscal year were delayed by a 43-day shutdown of many federal agencies.

US Budget deficit hits US$284 billion in October; report impacted by shutdown

Net customs duties hit a record US$31.4 billion, driven by newly imposed import tariffs

Canadian Prime Minister Mark Carney has focused on reducing the economy’s reliance on the US.

Canadian PM Carney says world can move on without the US, stresses new ties

The centre of gravity in the global economy is shifting, he says

Swiss watchmakers finally got some good news last week when the US said it would cut the tariff to 15% – though there is no specific date for the new agreement to take effect.

Swiss watch exports slide again with US down 47% even as China rebounds

Manufacturers of watches, machines and precision instruments are among sectors hit hardest by the 39% levy

 The Republican president is facing growing consumer angst over prices heading into the holiday shopping season

Trump’s semiconductor tariff plan likely delayed, officials say

The US president is also trying to maintain a delicate trade truce with China