Presentative Photo (Photo:AP) BANGKOK: Massive planned US duties on solar panels made in Southeast Asia could be a chance for the region to ramp up its own long-stalled energy transition, experts say.Earlier this month, Washington announced plans for hefty duties on solar panels made in Cambodia, Vietnam, Thailand and Malaysia.The levies follow an investigation, launched […]
US and China are engaged in prolonged tariff dispute (Image: AP) China’s commerce ministry on Friday announced that Beijing is reviewing several key proposals from the Trump administration, signaling the openness to trade talks with the US under the condition that high US tariffs must be removed. The ministry has reaffirmed China’s willingness to engage […]
NEW YORK: Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China Friday. The expiration of the so-called de minimis rule that has allowed as many as 4 million low-value parcels to come into the US every day – mostly from China – is […]
Retail giant Amazon on Tuesday dismissed the proposal of displaying US tariff-related price increases to customers. This response came after the White House criticised the proposal. “The team that runs our ultra-low-cost Amazon Haul store considered the idea of listing import charges on certain products. This was never approved and is not going to happen,” […]
AI-generated image (Credit: Bing image creator) American consumer confidence in the economy has dropped to its lowest level since the onset of the Covid-19 pandemic. The Conference Board reported a sharp 7.9-point decline in April, bringing the index down to 86, marking the lowest reading since May 2020. The decline is being largely attributed to […]
Donald Trump (File Photo) The inauguration on January 20, 2025, marked the start of Donald Trump‘s second presidency. Since he took office, so much has changed in US politics that it’s hard to believe it’s only been 100 days, during which numerous 180-degree turns have occurred. Whether it’s fundamental shifts in US foreign policy or […]
While millions of Canadians cast their ballots today, US President Donald Trump inserted himself into the mix with a jaw-dropping offer. He said Canada could have “zero tariffs” and “free access with no border” — if it would become “the beloved 51st state.”In a flurry of social media posts, Trump asserted that the US could […]
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 on Saturday slammed the “extreme selfishness” behind tariffs, indirectly referring to the steep duties imposed by US President Donald Trump, describing it as an “unjustified trade war.”According to the Chinese foreign ministry’s statement, top diplomat Wang Yi told his Uzbek counterpart Bakhtiyor Saidov on Friday that, “Certain countries” resort to “pressure and coercion, and […]
Karin Keller-Sutter, Swiss President (AP) GENEVA: The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal in the wake of sweeping US tariffs on dozens of countries that have shaken global markets.Karin Keller-Sutter, in an interview with broadcaster SRF published Friday, […]
