US President Donald Trump claimed on Saturday that “great progress” was made during the first day of high-stakes US-China trade talks in Geneva, signalling what he called a “total reset” in relations between the world’s two largest economies.In a post on Truth Social, the US president wrote, “A very good meeting today with China, in […]
US president Donald Trump has threatened a steep 100% tariff on Mattel, the maker of Barbie dolls, after the company said it would continue producing toys overseas despite plans to reduce reliance on Chinese imports. Speaking from the Oval Office last week Trump responded sharply to Mattel’s recent decision to maintain offshore production. “I’ve heard […]
Representative image (Picture credit: ANI) Senior American and Chinese officials began tense negotiations in Geneva on Saturday in a bid to cool a spiralling tariff dispute that threatens global trade. US treasury secretary Scott Bessent and trade representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng, marking the first direct contact between the two […]
China’s consumer prices continued to fall in April, marking the third consecutive month of decline(AP) BEIJING: China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington.The world’s second-largest economy has […]
US president Donald Trump lashed out at MSNBC on Friday after watching a segment that questioned the effectiveness of his global tariff plan. Trump accused the network of committing a “major campaign violation” and acting as a mouthpiece for the Democratic Party. The outburst, shared on his Truth Social account, targeted host Stephanie Ruhle and […]
File photo: US President Donald Trump (Picture credit: AP) The Trump administration is considering cutting the steep 145% tariff on Chinese imports by more than half, possibly as early as next week, as US and Chinese officials gear up for high-level trade talks in Switzerland, The New York Post reported, citing sources close to the […]
US president Donald Trump on Thursday confirmed a trade framework with the United Kingdom that reduces tariffs on autos and metals while keeping the baseline 10% tariff as it is. The announcement followed a phone call with UK prime minister Keir Starmer. Under the plan, US tariffs on British cars will drop from 27.5% to […]
US President Donald Trump announced a 100 percent tariff on foreign-produced films in an effort to revive the US film industry. Filmmaker Shekhar Kapur reacted to the decision, suggesting that it could “encourage Hollywood to move outside the US.” Shekhar Kapur slams Donald Trump’s announcement of 100% tariff on foreign films: “Over 75% of box […]
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Meaghan Tobin, a correspondent for The New York Times covering business in Asia, explains. Source link
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 […]
