U.S. President Donald Trump at an event to announce that Space Force Command will move from Colorado to Alabama, in the Oval Office at the White House in Washington, D.C., U.S., on Sept. 2, 2025. Brian Snyder | Reuters Labor Day in the U.S., which took place Monday, marks the unofficial end of summer —…
Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Australia’s economy expanded more than expected in the second quarter of the year, marking the fastest pace of growth since September 2023. The country’s GDP grew 1.8% year over year,…
US President Donald Trump speaks in the Oval Office of the White House in Washington, DC, on September 2, 2025. Trump announced that US Space Command will move its headquarters from Colorado to Alabama. f Saul Loeb | Afp | Getty Images Read more CNBC politics coverage “We’re going to be going to the Supreme…
30 August 2025, China, Tianjin: The flag of China (r-l) flies alongside the flags of India, Kazakhstan, Pakistan and other countries represented at the Shanghai Cooperation Organization summit. The ten member states of the regional security organization are meeting from Sunday to Monday in the northern Chinese port city of Tianjin, along with observer and…
WASHINGTON, DC – AUGUST 26: U.S. President Donald Trump calls on a reporter during a cabinet meeting with members of his administration in the Cabinet Room of the White House on August 26, 2025 in Washington, DC. This is the seventh cabinet meeting of Trump’s second term. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla |…
The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now,…
At the stroke of midnight, 92% of all U.S. cargo shipments, and up to four million package daily, lost their duty-free status with President Trump’s removal of the de minimis exemption for low-value trade going into effect. Any imported goods sent through the international postal network that are valued at or under $800 will now…
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi visit Daci’en Temple on May 14, 2015 in Xi’an, China. Sheng Jiapeng | CNSPHOTO | VCG | Getty Images When Foxconn recalled hundreds of Chinese engineers from a factory in India last month, reportedly following Beijing’s directions to curb technology transfer to its neighbor, it…
Ryosei Akazawa, Japan’s economic revitalization minister, speaks to members of the media at the Japanese embassy in Washington D.C. on June 6, 2025. Bloomberg | Bloomberg | Getty Images Japan’s top trade negotiator Ryosei Akazawa canceled a trip to the United States on Thursday over issues related to the U.S.-Japan trade deal. In a statement,…
A woman looks at the jewelry displayed at a jewelry shop. Pankaj & Insy Shah | Gulfimages | Getty Images India’s exports to the U.S. will invite a steep 50% tariff from Wednesday, as U.S. President Donald Trump’s additional 25% levies on New Delhi over its Russian oil purchases take effect. Analysts are warning that…
