US President Donald Trump and European Commission President Ursula von der Leyen (Photo: AP) In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President […]
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US President Donald Trump lashed out at a reporter during a press conference at the White House on Thursday, calling him a “lunatic” after being pressed on why he had waited until his second term to invoke a decades-old law to impose sweeping tariffs.The tense exchange began when the reporter referenced a federal appellate court […]
Trump announced 25% tariff on India and an unspecified penalty for buying oil from Russia. Republican leader Virgil Bierschwale, running for the Texas Senate election, reacted to Donald Trump‘s 25 per cent tariff on India, and said this is what he predicted. “Folks, you have sent your workers around the word so that they would […]
Appellate judges question Trump’s authority to impose tariffs (Image credits: AP) Appellate judges expressed skepticism Thursday over US President Donald Trump’s legal rationale for imposing broad tariffs without congressional approval, raising doubts about his use of the International Emergency Economic Powers Act (IEEPA) to justify the move.During a 99-minute hearing before the US court of […]
US President Donald Trump on Wednesday signed an executive order enforcing his earlier threat to impose 50% tariffs on Brazil, citing the need to safeguard US interests. The order invokes a 1977 law, arguing that Brazil’s policies and the criminal prosecution of former President Jair Bolsonaro amount to an economic emergency.The tariffs come on top […]
US President Donald Trump on Wednesday announced a trade agreement with South Korea, imposing a 15% tariff on imports from Seoul, as part of what he called a “full and complete trade deal” between the two nations. He further declared that America won’t be subjected to any tariffs. As part of the deal, the Asian […]
Donald Trump announces 25% tariff on India plus penalty for purchases from Russia (AI image) NEW DELHI: US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from […]
STOCKHOLM: Top trade officials from China and the US launched a new round of talks Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies.US treasury secretary Scott Bessent and Chinese vice premier He Lifeng were meeting at the offices of Sweden’s prime minister for two days of talks […]
TURNBERRY: US President Trump said he expected the US to set tariffs in the range of 15% to 20% for those countries that did not reach a negotiated trade agreement with Washington. “I would say it’ll be somewhere in the 15 to 20% range,” Trump told reporters, sitting alongside British PM Keir Starmer at his […]
