Trade
Wall Street teetered toward small gains in relatively calm trading Tuesday morning after President Donald Trump appeared to let up on some of his tariffs and stress from within the US bond market eased.
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as küresel stock markets recovered most of the losses in April.
At the end of April, Ghanaian artist Ibrahim Mahama will wrap Kunsthalle Bern in jute sacks, revisiting a 1968 intervention by Christo and Jeanne-Claude.
The US is India’s main trading partner, and their bilateral trade stood at €113bn in 2024, with a €39.9bn surplus in favour of New Delhi.
Beijing has vowed to retaliate if other countries strike trade deals with the United States at the expense of China’s interests, in response to news that the Trump administration is pressuring trading partners to isolate China in negotiations.
Key to this are trade fairs, where many can showcase their products and create sales channels to offset tariff impacts, with the end goal of finding other opportunities beyond traditional markets like the US.
With the Chinese and US economies decoupling, WTO forecasts anticipate a diversion of Chinese exports to Europe.
US President Donald Trump has launched an investigation into critical minerals, signalling further tariffs in the natural resources sector. The move follows Beijing’s announcement of export restrictions on rare earths, marking an escalation in the trade war between the world’s two largest economies.
President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
During the 90-day pause in transatlantic trade tensions, the EU is aiming to refine its strategy for addressing US tariffs, while hoping to enter into negotiations with Washington. However, the bloc remains divided between hawks and doves on how best to proceed.