‘Eliminating all retaliatory tariffs on US goods’: Canada’s big announcement; move comes day after Carney-Trump talks

[ad_1] Prime Minister Mark Carney on Friday announced that Canada is dropping retaliatory tariffs on US goods, aligning with Washington’s recent decision to exempt products covered under the United States-Mexico-Canada Agreement (USMCA).Speaking a day after a call with US President Donald Trump, PM Carney told reporters that starting September 1, Canada would be “eliminating all […]

US tariffs: Trump plans to levy 10% duties on goods from African and Caribbean nations; targets pharma and chip sectors next

[ad_1] US President Donald Trump announced on Tuesday (local time) that he is planning to impose tariffs of over 10 per cent on goods from smaller countries, including nations in Africa and the Caribbean, news agency AP reported. “We’ll probably set one tariff for all of them,” Trump told reporters, explaining that the rate could […]

UAE: Over 3.5 million illegal excise goods found hidden in clothing shipments during major FTA raid in Dubai | World News

[ad_1] The FTA seized millions in untaxed tobacco and vaping products smuggled into Dubai, cleverly hidden among apparel shipments/ Image: (File) FTA seized over 3.5 million smuggled excise goods in Dubai. Hidden tobacco and beverage products carried AED 133.2M in tax liability. Advanced tracking tech and joint enforcement boosted the raid’s success. In a decisive […]

‘Privileged to do so’: Donald Trump delays 50% tariff on EU goods to make room for talks

[ad_1] US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday announced a delay in implementing a proposed 50 per cent tariff on goods from the European Union, pushing the deadline from June 1 to July 9 in a bid to give trade negotiations with the bloc more time.The decision followed a […]

Temu halts shipping goods from China directly to US customers

[ad_1] Temu, the Chinese e-commerce giant, has stopped shipping products directly from China to US customers. Instead, all orders will now be fulfilled from warehouses within the United States, a company spokesperson confirmed Friday.The move comes following the closure of a provision that previously permitted Chinese-made products valued up to $800 to enter the United […]

US-China trade war intensifies: Beijing raises tariffs on US goods to 84% after Trump’s 104% duty move

[ad_1] The US-China trade war deepened dramatically on Wednesday as Beijing announced a sweeping hike in tariffs on American goods, raising rates from 34% to 84%, just a day after President Donald Trump’s new 104% tariffs on Chinese imports came into force.Calling the US action a violation of trade norms and a threat to global […]