In a significant policy adjustment, the Trump administration has announced exemptions for smartphones, computers, semiconductors, and other high-tech electronics from its newly imposed global tariffs. The move, revealed in a Saturday notice by the US customs and border protection office, is expected to ease cost pressures on American consumers while tempering the impact of sweeping […]
The bedrock of the financial system trembled this week, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the […]
US President and Mexico President Claudia Sheinbaum US President Donald Trump issued a warning to Mexico on Thursday, threatening trade repercussions unless it increases water supply to Texas under a long-standing treaty.Through his Truth Social platform, Trump stated, “Mexico has been stealing the water from Texas Farmers” and “last year the only Sugar Mill in […]
NEW DELHI: In his first public response to the sweeping tariffs imposed by US President Donald Trump, Chinese President Xi Jinping on Friday warned that “there are no winners in the tariff war” and that confronting the international community could lead to “self-isolation.”“For over seven decades, China’s growth has been fuelled by self-reliance and hard […]
JOHANNESBURG: Washington’s 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say.The African Growth and Opportunity Act (AGOA) which provided duty-free access to the US market for some African products — had enabled certain sectors […]
Trump said Thursday Xi has been a good friend. President Donald Trump again expressed optimism that the tariffs and counter-tariffs between the US and China would ultimately reach a deal. As he addressed a cabinet meeting on Thursday amid the trade war, Trump reiterated that he has a great respect for Chinese President xi Jinping. […]
Donald Trump was under tremendous pressure from friends, CEOs, reports claimed. While the White House described Donald Trump’s U-turn on tariffs as “the art of the deal”, insiders aware of what transpired behind the announcement of the 90-day pause said there was tremendous pressure from CEOs, friends, GOP senators, markers and bond prices. Axios reported […]
European Commission President Ursula von der Leyen and Donald Trump The European Union on Thursday announced that it would suspend its retaliatory tariff worth 20.9 billion euros ($23 billion) on US goods for 90 days after American President Donald Trump imposed a pause on levies. European Commission President Ursula von der Leyen acknowledged Trump’s announcement […]
WASHINGTON: President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners […]
