President Trump suggested Sunday his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda. Trump has previously argued tariff revenue could replace income taxes, though economists have questioned those claims. “When tariffs cut in, many people’s income taxes will be […]
China has insisted it is not holding trade negotiations with the United States, despite President Donald Trump’s claim that he had received a call from Chinese leader Xi Jinping. In an interview with Time magazine published Friday, Trump did not specify when the alleged conversation occurred or what was discussed, simply saying, “He’s called. And […]
Wall Street Journal says China has won this round of the trade war as President Trump blinked first. The US-China trade war took a new turn with China on Thursday denying what President Donald Trump has been claiming over the past few days — that trade talks are going on actively with all countries, including […]
A growing split in US economic messaging is evident, as Treasury Secretary Scott Bessent’s call for international cooperation collided with president Trump’s renewed threats of trade tariffs and a hardline message from the White House press room.Speaking at the Institute of International Finance, Bessent reassured investors that the US remained committed to its global leadership […]
A coalition of 12 US states filed a lawsuit on Wednesday in the US Court of International Trade in New York, seeking to overturn President Donald Trump’s tariff policy, which they say is unlawful and has disrupted the national economy. The legal challenge accuses Trump of abusing emergency powers under the 1977 International Emergency Economic […]
China on Wednesday signaled a renewed willingness to engage in trade negotiations with the United States, declaring that “the door for talks is wide open” amid ongoing tariff tensions.The statement follows recent comments by US President Donald Trump, who hinted that the sweeping tariffs on Chinese imports—some as high as 145 percent—could be significantly reduced […]
Representational AI image US president Donald Trump suggested on Wednesday that the 145% tariffs he imposed on Chinese imports will not last. Speaking from the Oval Office on Tuesday, Trump told reporters the tariff rate would eventually “come down substantially.” He acknowledged that the current rate was unsustainable but emphasised that it would not return […]
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 […]
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 […]
