Incensed Trump raises tariffs from 10 per cent to 15 per cent causing more trade turmoil

[ad_1] TOI correspondent from Washington: US President Donald Trump on Saturday raised to 15 per cent the worldwide tariff (which he had earlier set at 10 per cent) in a continued display of anger and petulance after the US Supreme Court repudiated his authority in the matter. After lashing out intemperately at the six supreme […]

Singapore downgrades GDP growth forecast to 0-2 pc | Business

[ad_1] Singapore has lowered its 2025 GDP growth forecast to 0-2% due to the anticipated impact of US tariffs on global trade. The Monetary Authority of Singapore has eased monetary policy in response to economic concerns stemming from the US-China trade war. The trade war is expected to negatively affect global trade, economic growth, and […]

Trump says countries are ‘kissing my ass’ wanting to make trade deals

[ad_1] TOI correspondent from Washington: MAGA supremo Donald Trump claimed on Tuesday that many countries are calling him and “kissing my ass… dying to make a deal” after he unleashed a tariff war that has upended global trade. In a speech at a Republican Congressional Committee dinner, the US President did not identify any countries […]