July 8, 2025
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China suspends liquified gas imports from US amid tariff war: Report

Representative AI image generated by Denny China has suspended all imports of liquefied natural gas (LNG) from the United States for over ten weeks, effectively cutting off trade in the sector as new tariffs make American gas unviable in the Chinese market.According to Financial Times shipping data, the last recorded LNG shipment from the US—a […]

Hermes to hike US prices to offset tariff impact

Representative Image (AI) PARIS: French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald Trump.Famous for its Birkin handbag, silk scarves and leather goods, the increases would take effect on May 1, said the group’s finance chief, Eric […]

US slaps up to 245% tariff on Chinese imports in response to retaliatory moves

The United States has imposed new tariffs of up to 245% on Chinese imports in response to Beijing’s retaliatory trade actions, the White House announced late Tuesday.The move is part of a broader national security review of critical imports and follows China’s decision to suspend exports of key high-tech materials, including heavy rare earth metals […]

‘I am flexible, but I don’t change my mind’: Trump says he’s mulling ‘short-lived’ tariff exemptions for cars

Trump says he is looking to give tariff exemptions to some of the car companies. President Donald Trump Monday said he’s looking to provide ‘short-lived’ tariff exemptions for some of the car companies as they need a little bit of time to switch from parts made in Canada, Mexico and other places. “I am a […]

Donald Trump’s approval rating after tariff: Majority blaming him more than Biden for economic chaos in this poll

Donald Trump’s approval rating reaches the lowest of his second term. A new CBS poll brings bad news for President Donald Trump as 75 per cent of 2,410 US adults said that Trump’s new tariffs would increase prices in the short term. Trump has paused the Liberation Day tariffs for all countries except China but […]

‘No one getting off the hook’: Donald Trump denies tariff rollbacks, ramps up pressure on China, tech sector

US President Donald Trump on Sunday doubled down on his hardline trade stance, declaring that no country — especially China — would be spared from his sweeping tariff agenda. Trump, in a post on social media rejected claims that his administration had granted tariff exemptions to certain tech products, saying, “NOBODY is getting ‘off the […]

Donald Trump: Donald Trump has no plans to speak with Xi Jinping as tariff battle with China deepens

US President Donald Trump and Chinese President Xi Jinping currently have no plans to hold talks amid an intensifying trade war, confirmed trade representative Jamieson Greer during an appearance on CBS News’ “Face the Nation” on Sunday. Greer said the issue now rests “at the leaders’ level” and that any future engagement would occur only […]

Saturday Night Live: ‘Stock market did a Jesus’: SNL roasts Donald Trump’s tariff chaos in Easter special

‘Stock market did a Jesus’: SNL roasts Donald Trump’s tariff chaos in Easter special In a cheeky start to its Easter episode, Saturday Night Live turned its lens on US President Donald Trump’s handling of the US economy, using biblical imagery to mock Trump’s erratic tariff decisions. The sketch began with a reimagining of the […]

CEO’s ‘end of days’ warning as Trump’s tariff shock on China sparks panic among US importers

This is a representational AI image American importers are finding it hard to cope with a wave of new tariffs on Chinese goods announced by US President Donald Trump, with some warning of dire consequences. Rick Woldenberg, CEO of Illinois-based educational toy company Learning Resources, called the situation “the end of days” after Trump abruptly […]