Vietnam Shipping Giant Sees Revenue Tripling in Trump Tariff Era
Vietnam Maritime Corp., undaunted by potential tariffs from the incoming Trump administration that risk crimping the nation’s trade, forecasts revenue to more than triple in the next decade, General Director Nguyen Canh Tinh said. The state-owned shipping, logistics and seaports company, previously known as Vietnam National Shipping Lines or Vinalines, plans to expand its fleet […]
Trump Team Studies Gradual Tariff Hikes Under Emergency Powers
Members of President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation, according to people familiar with the matter. One idea involves a schedule of graduated tariffs increasing by about 2% to 5% a month, […]
Warnings of 3% Inflation Add to Bank of England’s Headache
The Bank of England could face a fresh battle to reassure investors of its commitment to interest rate cuts, with economists warning of inflation above 3% by the spring. Official data on Wednesday is expected to show the consumer prices index sticking above target at 2.6% in December, the joint-highest in nine months. The BOE […]