In a dramatic escalation of the global trade standoff, China is rallying international support in response to US President Donald Trump’s steep new tariffs — but it’s finding limited success as countries weigh economic pragmatism against political allegiance.This week, the White House hiked tariffs on Chinese imports to a staggering 125%, accusing Beijing of unfair […]
Chinese producers of plastic Christmas trees and other holiday items say they’ve yet to receive any orders from their US clients – and they fear they may not get any at all, reports news agency Reuters. The delay comes amid soaring US import tariffs, with US President Donald Trump ramping up levies on Chinese goods […]
WASHINGTON: US President Donald Trump on Wednesday (local time) defended his decision to raise tariffs on China to 125 per cent, stating, “somebody had to do it.”The President, during his meeting with Roger Penske‘s NASCAR, INDY, and IMSA Champions at the White House, emphasised that no other US leader would have taken such a bold […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Wednesday defended his surprise decision to pause tariffs on most countries for 90 days, attributing the reversal to market reactions and what he described as people getting “a little yippy” and “afraid.”Speaking to reporters outside the White House during an event […]
File photo: JPMorgan Chase CEO Jamie Dimon (Picture credit: AP) JPMorgan Chase CEO Jamie Dimon on Wednesday warned that sweeping tariffs imposed by US President Donald Trump could push the US economy into a recession and unleash financial instability, as markets reel from the escalating trade war with China.According to Fox Business, Dimon said, “I […]
DUNDALK: For Tony Healy, an Irish whiskey producer in Dundalk, near the UK border with Northern Ireland, US tariffs of 20 percent on EU alcoholic drinks were a huge and unexpected “curve ball”.“But it’s here now, so we have to deal with it,” the 62-year-old told AFP on the factory floor where his “Healy’s” family-name […]
The US-China trade war deepened dramatically on Wednesday as Beijing announced a sweeping hike in tariffs on American goods, raising rates from 34% to 84%, just a day after President Donald Trump’s new 104% tariffs on Chinese imports came into force.Calling the US action a violation of trade norms and a threat to global stability, […]
Pedro Sánchez (AP photo) Spanish Prime Minister Pedro Sánchez has embarked on a diplomatic trip to Asia, visiting Vietnam as US tariffs on European Union products come into effect. Sánchez lands in Hanoi on Wednesday, where he will meet Vietnam’s top leader, To Lam. On Thursday, Sánchez is set to visit Ho Chi Minh City, […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has once again defended his aggressive trade policies, claiming that the United States is now “pouring in” billions of dollars from newly implemented tariffs on foreign imports. Speaking from the East Room of the White House on Tuesday while signing a series […]
YouTuber Mr Beast gave his take on Trump tariffs and pointed out the irony in it. Donald Trump’s tariffs are all for Make America Great Again, YouTuber Mr Beast Tuesday revealed that for him now it is wat cheaper to make his chocolate bars outside America because “other countries don’t have a 20%+ tariff on […]
