US President Donald Trump has been temporarily allowed to keep enforcing tariffs under emergency powers, just a day after a federal court ruled he had overstepped his authority by trying to impose sweeping tariffs on foreign goods.In a strongly-worded decision on Wednesday, the US court of international trade said that Trump unlawfully invoked emergency powers […]
US President Donald Trump emphasized that his tariff policies are designed to bolster domestic manufacturing of high-tech products and military equipment, not everyday items like sneakers and T-shirts, according. Speaking to reporters before boarding Air Force One in New Jersey, President Trump echoed remarks made by Treasury Secretary Scott Bessent on April 29, who downplayed […]
US President Donald Trump (Pic credit: AP) US President Donald Trump defended his hardline tariff strategy on Sunday, emphasising that his goal is to bolster American production of military and high-tech goods, not revive the country’s textile industry.“We’re not looking to make sneakers and T-shirts,” Trump told reporters before boarding Air Force One in New […]
File photo: US federal reserve chair Jerome Powell (Picture credit: AP) US Federal Reserve Chair Jerome Powell on Wednesday warned that US President Donald Trump’s escalating and uncertain tariff policies could force the central bank into a difficult position where its key objectives, low inflation and maximum employment, might come into conflict. “I think there’s […]
New Delhi: President Donald Trump on Monday announced a 100 per cent tariff on films produced overseas, saying the movie industry in the US was “dying a very fast death”. “Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within […]
BEIJING: United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 […]
China on Wednesday signaled a renewed willingness to engage in trade negotiations with the United States, declaring that “the door for talks is wide open” amid ongoing tariff tensions.The statement follows recent comments by US President Donald Trump, who hinted that the sweeping tariffs on Chinese imports—some as high as 145 percent—could be significantly reduced […]
China on Sunday called upon the US government to “completely cancel” reciprocal tariffs imposed by the Donald Trump administration which has taken the total levies to 145% on the Asian nation.“We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the […]
US President Donald Trump’s punishing tariffs on dozens of economies came in force Wednesday. US President Donald Trump‘s “reciprocal” tariffs on dozens of countries kicked in Wednesday, slapping Chinese goods with a steep 104% duty and intensifying his global trade war—even as his administration moves toward talks with several nations.The sweeping tariffs have disrupted a […]
China vows to fight US tariffs ‘to the end’ China on Tuesday vowed to retaliate against the United States if President Donald Trump goes ahead with his threat to impose fresh 50 per cent tariffs on Chinese imports. Reacting to Trump’s new threat, China hinted of imposing more retaliatory tariffs on American products. Beijing said […]
