Author: Press Room

Thailand’s Deputy Finance Minister Julapun Amornvivat said the government was not surprised to be hit with tariffs, though the level was higher than anticipated. “We have to negotiate with understanding, not aggressive talk, but we have to talk which products they feel are unfair and we have to see whether we can adjust,” he said in a video interview posted online. Finance ministry officials will meet to discuss steps to mitigate the immediate impact, he said, as well as drawing up guidelines for future negotiations. “The goal is to develop a trade balance proposal that is substantial enough to incentivise…

These countries are some of the most vulnerable to Washington’s sweeping new tariffs. Their economies are deeply reliant on selling goods to the United States, and many of them were hit with especially steep taxes. Many of the worst-hit countries are close American allies and partners. In Southeast Asia, countries like Vietnam, Thailand and Cambodia have for years worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. Now, they will face some of the most punishing tariffs.A second group of trading partners facing…

One of the four head coaches left working in the men’s NCAA Tournament will win his first national championship Monday night. It could be Houston’s Kelvin Sampson in his 36th season of running a program at age 69. It could be Duke’s Jon Scheyer in his third at age 37.Auburn’s Bruce Pearl is on the Sampson side of things — 30th year as a head coach, 65 years old. Florida’s Todd Golden is just getting going, like Scheyer — sixth year as a head coach, 39 years old. It’s difficult to compare the quality of work of careers that are…

President Trump, as he announced sweeping tariffs, batted away “very tired predictions” from critics of his economic agenda by citing a large decline in the price of eggs.“The price of eggs dropped now 59 percent, and they’re going down more and the availability is fantastic,” Mr. Trump said on Wednesday.The wholesale price of eggs has indeed fallen by more than half since Mr. Trump’s inauguration, but that drastic decline is not yet reflected in the retail price, which consumers pay at the grocery store.According to the Agriculture Department’s weekly data release, the national wholesale average has fallen from $6.55 a…

Ford Motor said on Thursday that it was lowering prices on most of its vehicles to the same levels it charges employees in a bid to boost sales as President Trump’s tariffs on imported cars took effect.The tariffs began on Thursday on vehicles imported from Mexico, Canada, Japan, Germany and other countries. The duties — 25 percent of the value of the vehicle in most cases — are expected to increase prices of new cars and trucks and dampen demand.About half the vehicles sold in the United States each year are produced in other countries. Mexico is the top source…

Próspera ZEDE, Honduras, April 3rd, 2025, Chainwire Public sale of governance token commences April 16, with a listing to follow in May; near-term upgrades include Base chain integration, wallet expansion, and DeFi aggregator support. Stabull Labs LLC, operator of the stablecoin and real-world asset (RWA) decentralised exchange (DEX), Stabull.Finance, has announced the upcoming public sale of its governance token, $STABUL, launching on ProBit Global Exchange on Wednesday, 16th April at 03:00 UTC. Stabull is a DEX optimised for stablecoins and RWA’s, utilising off-chain price oracles to ensure accurate pricing of tokens within its pools. The platform currently supports a growing…

Stay informed with free updatesSimply sign up to the Oil myFT Digest — delivered directly to your inbox.Oil prices tumbled on Thursday as Opec+ unexpectedly announced plans to boost production just as sweeping US tariffs stoked fears of a global economic slowdown.Eight Opec+ members, including Saudi Arabia and Russia, said they would triple a planned increase in oil production in May, bringing forward a commitment to reverse production cuts over the next 18 months.The move came hours after US President Donald Trump set out a new tariff regime that investors said was more severe than expected. The twin developments pushed…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There are few outright winners from a global trade war. But tariffs are a blunt instrument. Sometimes, large headline numbers don’t fully reflect a sector’s exposure — which can create opportunities for sharp-eyed investors. Irish banks are a case in point. While Ireland was not singled out in President Donald Trump’s tariff announcements — and hence suffers a headline levy in line with the EU’s 20 per cent — it is heavily exposed to trade. Ministers fear further, more targeted measures against the…

The Trump administration threatened on Thursday to withhold federal funding from public schools unless state education officials verified the elimination of all programs that it said unfairly promoted diversity, equity and inclusion.In a memo sent to top public education officials across the country, the Education Department said that funding for schools with high percentages of low-income students, known as Title I funding, was at risk pending compliance with the administration’s directive.The memo included a certification letter that state and local school officials must sign and return to the department within 10 days, even as the administration has struggled to define…

By The Staff The Canadian Press Posted April 3, 2025 11:46 am 1 min read Descrease article font size Increase article font size Premiers in the Atlantic region say economic uncertainty remains even though Canada was left out of the latest round of global U.S. tariffs. On Wednesday, Trump announced a 10 per cent baseline tariff on imports from most countries, but a White House fact sheet said goods covered by the free-trade deal between Canada, the U.S. and Mexico were exempted.In a statement released late Wednesday, Nova Scotia Premier Tim Houston said Canada may have been spared the worst-case…