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Will more than triple to 25%. Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports, while ms harris has said his proposal would raise prices for the american people. Meanwhile, the european union is also considering tariffs on china made electric vehicles and negotiations are ongoing. The bloc was meant to vote on the taxes earlier this week, but that has since been delayed. Us stock markets rose on thursday, with the s&p 500 closing at a record high for the third time this week. Shares of micron jumped by almost 15%. This comes after the chip company posted strong earnings and said it expected growth in the months ahead, led by the artificial intelligence boom. We are keeping an ....
To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for sep ....
Thank you for getting up for us so early this morning. I want to pick up on that jobless data, the fact that the Jobs Market at the moment, about employers right now . Absolutely. So, that number coming lower is a relief. It shows employers are still hiring. You are still able to get a job. They have been statistics recently showing some people are saying is harder to find jobs. With the lower numbers, that is showing that there is some hope. It means the consumer, obviously, has some support. Getting the incoming supporting the economy. They are able to continue spending. It is great numbers. They are right in the Sweet Spot of we want to see. Right in the Sweet Spot. The economy is looking good. What does that mean for the federal Reserve And Rate cuts going forward . Iii ....
Aluminium products will more than tripled to 25 . Tariffs hiked one of the products including Semiconductor Chips are set to come into effect in the next two years. The Impact Effect a relatively small amount of us imports and, as Kamala Harris and Donald Trump have clashed over tariffs on the campaign trail. And come as Kamala Harris. Trump wants sweeping duties on all imports, while she says that would raise prices for american people. The Euro Ean prices for american people. The European Union is also considering tariffs on chinese electric vehicles. Negotiations are ongoing. The block was meant to vote ....