Trump Administration Tariffs: Trump warns ‘no one is off the hook’ despite Lutnick’s claim of electronics getting temporary tariff reprieve

[ad_1] File photo: US commerce secretary Howard Lutnick (left) and US President Donald Trump (Picture credit: AP) US commerce secretary Howard Lutnick on Sunday said the Trump administration’s decision to temporarily exempt electronics like smartphones and laptops from steep new import tariffs was not permanent and that the products would soon fall under a new […]

Trump Tariffs: Republicans rally behind Trump as most Americans expect higher prices from tariffs

[ad_1] File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump’s sweeping tariff plans have triggered growing anxiety among Americans, with many blaming his policies for worsening economic conditions, even as most Republicans continue to back his strategy. According to a CBS News/YouGov poll, the country remains sharply divided on whether Trump […]

New tariffs ‘coming soon’: US trade secretary says duty exemptions for electronics temporary

[ad_1] US administration’s recent decision to exempt various electronic devices from tariffs introduced earlier this month is not permanent, said commerce secretary Howard Lutnick on Sunday.He clarified that these products would soon face “semiconductor tariffs,” expected to be implemented within “a month or two.”Speaking at ABC news’ ‘This Week’ programme, Lutnick said, “All those products […]

‘Correct mistakes’: China calls on US to ‘completely cancel’ reciprocal tariffs

[ad_1] China on Sunday called upon the US government to “completely cancel” reciprocal tariffs imposed by the Donald Trump administration which has taken the total levies to 145% on the Asian nation.“We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to […]

Trump’s olive branch to China? US exempts smartphones & computers from global tariffs

[ad_1] 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 […]

Bond Market is Upended by Trump’s Tariffs

[ad_1] 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 […]

‘Will keep escalating consequences’: Donald Trump threatens tariffs over Mexico’s water shortfalls amid treaty dispute

[ad_1] 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 […]

Xi Jinping warns of ‘self-isolation’ in first response to Trump tariffs, calls on EU to resist US ‘bullying’

[ad_1] 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 […]

Despite US tariffs pause, southern African economies under threat | World News

[ad_1] 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 […]

US China Tariffs: ‘I’ve heard of worse things’: Trump reacts to China’s ban on Hollywood movies after 145% tariff; ‘Xi’s been a friend of mine’

[ad_1] 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 […]