Stocks, dollar eye weekly rise on hints of tariff relief
  • April 24, 2025

Stocks, dollar eye weekly rise on hints of tariff relief

SINGAPORE/HONG KONG (Reuters) -Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors focused on signs the U.S. and China were prepared to pull back from their trade war. European futures rose 0.6% and FTSE futures were up 0.2%. Tit-for-tat tariffs that began with U.S. President Donald Trump's announcement of hefty import levies on April 2 had threatened to stall trade between the world's two biggest economies and prompted concern about a slowdown in global growth.

Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show
  • April 24, 2025

Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show

Booths of big Chinese, German and Japanese automakers were bustling at Shanghai’s auto show this week as the industry kept its focus on a wider global market not subject to steep U.S. tariffs on imports of cars and auto parts. Signs are that U.S. President Donald Trump’s 25% tariffs on auto imports is causing companies to recalibrate their strategies, and in some cases find new opportunities.