February 25, 2026
United States:
US to Keep China Tariffs Steady, Avoid Escalation, Greer Says
President Donald Trump aims to keep tariffs on Chinese goods steady after the Supreme Court knocked down his previous duties, though he may eventually hike levies further on products from other economies, US Trade Representative Jamieson Greer said.
Greer said Wednesday that the US is seeking to maintain levies on Chinese goods within a range of 35% to 50%, depending on the product. Trump is expected to meet with his counterpart Xi Jinping in China in late March or early April to discuss an extension of their nations’ tariff truce.
Europe:
German Rebound Driven by Domestic Demand as Trade Weighs
Spending by German consumers, businesses and the government sparked an economic recovery at the end of last year that’s expected to strengthen as the country invests heavily into infrastructure and defense.
Household consumption rose 0.5% in the fourth quarter, with public expenditures up 1.1%, the statistics office said Wednesday. Capital investment also increased sharply. Gross domestic product gained 0.3% from the previous three months, Destatis said, confirming an earlier estimate.
Asia:
Japanese Bond Yields Rise, Yen Drops on BOJ Nominations
Yields on Japan’s longer-term bonds climbed further and the yen fell against the dollar, after Prime Minister Sanae Takaichi’s government nominated two new Bank of Japan policy board members who are seen as dovish on monetary policy.
Forty- and 30-year JGB yields rose by roughly 10 basis points while the Japanese currency hit a fresh two-week low versus the greenback to trade at 156.60.
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