Ruxandra Iordache

London

Digital News Editor at CNBC World

Breaking news at @CNBCi, markets and geopolitics. Formerly @ArgusMedia. Retweets not endorsements, chocolate not optional. #OOTT

Articles

Autos, pharma, luxury and more: The global sectors soaring after Trump’s tariffs walkback

2 weeks ago | nbcchicago.com | Sam Meredith |Karen Gilchrist |Ruxandra Iordache

• European stocks soared on Thursday after U.S. President Donald Trump's jarring about-turn on most tariffs. • Tensions between Washington and Beijing remain high, however, with Trump ratcheting up duties on goods from China to 125% and citing a "lack of respect."• Auto giants posted sharp gains, with Germany's Volkswagen, BMW and Mercedes-Benz Group all up more than 9%.
Autos, pharma, luxury and more: The global sectors soaring after Trump's tariffs walkback

2 weeks ago | cnbc.com | Sam Meredith |Karen Gilchrist |Ruxandra Iordache

Stock markets soared on Thursday, after U.S. President Donald Trump's jarring about-turn on most tariffs, with sectors paring multi-day losses. Trumpdramatically reversed course on the White House's trade policies on Wednesday, dropping his country-specific tariffs down to a universal 10% rate for all trade partners, except China. Tensions between Washington and Beijing remain high, with Trump ratcheting up duties on goods from China to 125%.
Trump tariffs: World breathes sigh of relief after U.S. tariff reprieve; China’s duties kick in

2 weeks ago | nbcchicago.com | Ruxandra Iordache |Dan Mangan |Kevin Breuninger |Christina Wilkie

This is CNBC's live coverage of how U.S. trade partners, the White House and employers responded to President Donald Trump's historic tariffs. What you need to know• President Donald Trump dramatically reversed course, dropping his country-specific tariffs down to a universal 10% rate for all trade partners except China. • China's tariff rate will jump to 125%, effective immediately, the White House says.
Trump's tariffs launch a global trade war with no clear off-ramp: Live updates

2 weeks ago | nbclosangeles.com | Kevin Breuninger |Christina Wilkie |Erin Doherty |Ruxandra Iordache

This is CNBC's live coverage of how U.S. trade partners, the White House and employers are responding to President Donald Trump's historic tariffs. What you need to know President Donald Trump's tariffs are in effect, including a 104% tariff on Chinese imports. Beijing has responded by announcing a reciprocal 84% tariff rate on U.S. goods, effective April 10. Treasury Secretary Scott Bessent is calling for China to negotiate with Trump on tariffs.
Trump tariffs push major U.S. trade partners closer to China: Live updates

2 weeks ago | cnbc.com | Dan Mangan |Kevin Breuninger |John Melloy |Ruxandra Iordache

Finnish minister urges zero U.S.-EU tariffsHistorical allies the U.S. and European Union should have zero tariffs between them, Finnish Foreign Minister Elina Valtonen urged amid the bloc's ongoing efforts to mitigate the impact of 20% White House duties it was slapped with last week. "Engaging in a global trade war is the surest way to achieve a global recession," Valtonen she said during a press conference, in comments reported by Reuters.
'Stock market earthquake' must be weathered with calm, European leaders say

2 weeks ago | cnbc.com | Ruxandra Iordache

European Union leaders urged a calm response to U.S. President Donald Trump's tariffs that have battered global markets, days after a bellicose China pulled the trigger on retaliation. "The reaction to the tariff war was predictable. The stock market earthquake from Japan through Europe to America must be survived without nervous decisions," Polish Prime Minister Donald Tusk said Monday in a Google-translated social media update.
China punches back, sending U.S. markets dropping

2 weeks ago | nbclosangeles.com | Kevin Breuninger |Dan Mangan |Ruxandra Iordache

This is CNBC's coverage of how U.S. trade partners, industries and employers respond to President Donald Trump's historic tariffs. What you need to know U.S. markets dropped Friday morning after China announced retaliatory tariffs of 34% on all goods from America. Oil fell to pandemic lows. The move came two days after President Donald Trump imposed a far-reaching "reciprocal tariff" policy, including a 10% baseline tariff on almost every country and much higher duties for many.
Europe's banks battered as Trump tariffs put U.S. recession on the horizon

2 weeks ago | cnbc.com | Ruxandra Iordache

European banks have been battered in the wake of U.S. President Donald Trump's sweeping and more-aggressive-than-anticipated tariffs. The European banking index extended its hemorrhage on Friday morning with a further 9.28% in losses by 12:42 p.m. London time, as giants Deutsche Bank, Intesa Sanpaolo, Banco Santander and UniCredit each surrendered between 9% and 11% of their share price.
China to impose 34% retaliatory tariff on all goods imported from the U.S.

2 weeks ago | nbclosangeles.com | Ruxandra Iordache

China's finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10. The ministry criticized Washington's decision to impose 34% of additional reciprocal levies on China - bringing total U.S. tariffs against the country to 54% - as "inconsistent with international trade rules." U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.
China to impose 34% retaliatory tariff on all goods imported from the U.S.

2 weeks ago | flipboard.com | Ruxandra Iordache

NowChina Retaliates Against Trump With 34% Tariff on U.S. GoodsThe Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China. The Chinese government will match President Trump’s plan for 34 percent tariffs on goods from China with its own 34 percent tariff on imports from the …NowBusinesses spent years diversifying away from China.