Tariff – Page 6

‘Trump and Xi likely to speak this week,’ White House official says amid Tariff Turbulence

US President Donald Trump with China’s counterpart Xi Jinping (File Image) US President Donald Trump and China’s counterpart Xi Jinping are likely to speak this week, White House press secretary Karoline Leavitt said on Monday, following the tension that flared between the two economic powerhouses over breaching tariff and trade restriction agreements.Responding to the reporter’s […]

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

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 phone […]

Taiwan’s president downplays tariff tensions with the US as ‘frictions between friends’

TAIPEI: The Taiwanese president said Tuesday that trade tensions between the United States and Taiwan are just “frictions between friends” in a show of optimism as tariff negotiations are underway with Washington. US President Donald Trump imposed 32% tariffs on all imports from Taiwan as part of sweeping duties levied against all US trading partners […]

Beyond Tariff Truce, China Readies for a Rocky Time With U.S.

Even as the United States and China take steps to rein in their trade war, Beijing is preparing for broader rivalry with Washington to continue. For China, that means its search for economic and diplomatic opportunities across Asia is unlikely to soften its tough line on its regional territorial claims and military competition. Both sides […]

US-China trade talks: ‘Great progress made’: Donald Trump on US-China tariff talks being held in Switzerland, hails ‘total reset’

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 […]

‘Beautiful baby girls don’t need 30 Barbies’: Trump threatens 100% tariff on toy manufacturer Mattel

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 […]

US, China begin high-stakes tariff talks in Geneva to ease trade war tensions

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 consumption slide deepens as tariff war bites

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 […]

‘Down the Tubes’: Trump rages against MSNBC over tariff criticism

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 […]

Trump administration may half 145% China tariff to 50% next week: Report

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 […]