WASHINGTON: President Donald Trump said Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. “Japan is putting up $550 billion in order to lower their tariffs a little bit,” Trump said Thursday. “They put up, as you could call it, seed money.”He said 90% of […]
In a fresh attack on overseas manufacturing, US President Donald Trump has warned Apple that iPhones not made in the United States could face a 25% tariff, and other smartphone makers like Samsung may not be spared either.Speaking on Truth Social and later to reporters at the White House, Trump said he expects Apple and […]
US President Donald Trump on Friday mocked the Brics group as a “little group” that is “fading out fast”. He also reiterated his warning from earlier this month of a 10 per cent tariff on any nation aligning with Brics, which he described as following “anti-American policies”. The MAGA chief also claimed credit for weakening […]
Brazilian President Luiz Inacio Lula da Silva on Thursday hit back at US President Donald Trump’s move to impose a 50% tariff on Brazilian imports, saying Brazil would not bow to foreign pressure and warning of reciprocal action.Lula expressed his disapproval, saying, “No gringo is going to give orders to this president,” according to news […]
Russia on Tuesday said that it needed time to respond to US President Donald Trump’s ‘serious’ ultimatum regarding the Ukraine war, while expressing willingness to speak with the Ukrainian side over the timing of the third round of direct negotiations. Trump issued a 50-day deadline to Russia on Monday for reaching a peace agreement with […]
By Ahsan TasnimDHAKA: Major garment producer Bangladesh is hoping to reduce the 35% tariff that US President Donald Trump said he will impose, said finance adviser Salehuddin Ahmed on Tuesday, adding Dhaka expects to achieve this through “one-to-one negotiation” with US trade representative (USTR).Bangladesh commerce adviser Sheikh Bashir Uddin is in Washington, leading the country’s […]
French finance minister Eric Lombard said Europe must shore up its tariff barriers to counter Chinese imports that risk harming the continent’s industrial economy. Europe has already taken action on steel and automobiles, but rules must be changed to allow the wider use of measures against imports from China, Lombard said. “In the world we […]
WASHINGTON: US President Donald Trump on Saturday said his administration is immediately sending letters to the first batch of 10 to 12 countries, sharing details of reciprocal tariff rates and the entire process could be completed by July 9.“We are going to start sending letters out to various countries starting tomorrow,” Trump told reporters at […]
Donald Trump (left), Ursula von der Leyen (AP) The European Union is considering a temporary trade agreement with the United States that would maintain a 10 percent tariff on most exports, according to a briefing by the European Commission to EU ambassadors on Friday, reported news portal Politico.The update came after a key round of […]
Washington: US President Donald Trump said he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States. “I don’t think […]
