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  • Apr 15, 2025

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according to a government source directly involved with the proposal and a refinery executive. Countries are scrambling to find ways to lower their U.S. tariff burdens, including buying more U.S. oil and gas, as President Donald Trump's sweeping import duties rattle economies and markets. Trump has imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.

  • Apr 15, 2025

At China's largest trade fair, exporters say US markets are 'frozen'

Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished. Li was at her firm's booth at the Canton Fair, China's biggest trade expo held twice-a-year in the southern city of Guangzhou, where more than 30,000 exhibitors showcase their products over an area larger than 200 football fields. This was the first such fair China has held since U.S. President Donald Trump slapped tariffs in excess of 100% on China and of at least 10% on the rest of the world earlier this month.

  • Apr 14, 2025

India Is First Major Market to Erase Losses From April 2 Tariffs

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageIndian stocks rallied as trading resumed after a long weekend, with the benchmark e

  • Apr 14, 2025

Stocks Get a Boost From Reprieve on Auto Tariffs: Markets Wrap

(Bloomberg) -- Stocks in Europe and Asia rose as US President Donald Trump floated a potential pause in auto tariffs, providing further relief to the market after he suspended levies on some consumer electronics.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageEurope’s Stoxx 600 index

  • Apr 14, 2025

Global investors dump holdings of US stocks at record pace, BofA survey says

Respondents to BofA's monthly survey of fund managers were a net 36% underweight U.S. equities, the most in nearly two years, a number that has plunged by 53 percentage points since February, the biggest such fall on their records. The trend looks set to continue, as a record number of respondents also said they intended to cut allocations to U.S. equities. U.S. President Donald Trump's aggressive tariff plans have sparked a selloff in U.S. assets, including stocks, the dollar and Treasury bonds.

  • Apr 14, 2025

Analysis-Oil price drop turns up heat on emerging market crude exporters

NAIROBI/LAGOS (Reuters) -A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers. Concerns about the impact of a tit-for-tat trade war on global growth and demand for oil sent Brent crude prices plummeting by more than 20% within a week to a four-year low after Trump announced his sweeping tariffs on April 2. Turkey, India, Pakistan, Morocco and much of emerging Europe relying on oil imports are set to see some benefits from lower prices of crude.

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