A dozen states, most of them led by Democrats, sued President Donald Trump over his tariffs on Wednesday, arguing that he has no power to “arbitrarily impose tariffs as he has done here”.Contending that only Congress has the power to legislate tariffs, the states are asking the court to block the Trump administration from enforcing […]
BEIJING: China and Kenya agreed on Thursday to boost ties to a new level and oppose trade barriers, following talks between President Xi Jinping and his Kenyan counterpart William Ruto in Beijing.Relations between Beijing and Nairobi will be upgraded to a “China-Kenya community with a shared future for the new era”, Chinese state news agency […]
TAIPEI: Taiwan’s cabinet announced on Thursday a planned special budget of up to NT$410 billion ($12.6 billion) to boost security and the economy against the impact of new US tariffs.Taipei said it held its first tariff discussions with the United States this month as President Lai Ching-te seeks to shield Taiwan’s exporters from a proposed […]
US president Donald Trump has suggested that the historically high tariffs he imposed on Chinese imports will not last. Speaking from the Oval Office on Tuesday, Trump told reporters the 145% tariff rate would eventually “come down substantially,” even as he maintained a confident tone about the US’s bargaining position.“145% is very high, and it […]
Ana Swanson, who covers trade and international economics for The New York Times, talks to Jeanna Smialek, The Times’s Brussels bureau chief, and Keith Bradsher, The Times’s Beijing bureau chief, about how Trump’s tariffs are playing out in Europe and China. Source link
When President Trump paused a punishing round of global tariffs last week, he attributed his change of heart to one main thing. “I was watching the bond market,” he said. “The bond market is very tricky.” Mr. Trump should know — he had a big personal stake in it. A New York Times analysis of […]
US President Donald Trump and his administration will “continue to study,” whether it’s possible to remove Federal Reserve chief Jerome Powell, his top White House advisor said on Friday.“The president and his team will continue to study that matter,” National Economic Council director Kevin Hassett told reporters, when questioned about the possibility of Powell’s termination, […]
New US Ambassador to Japan George Glass and his wife Mary pose for the media at a press conference after their arrival in Tokyo (Source: AP) TOKYO: The new US ambassador to Japan arrived in Tokyo on Friday and said he is optimistic that his country and its key Asian ally will reach a deal […]
NEW DELHI: The United States has told the World Trade Organization (WTO) that its decision to impose tariffs on steel and aluminium imports was taken on national security grounds, not as a safeguard measure, a key distinction that challenges India’s formal complaint filed earlier this month.In a communication dated April 17, the US said the […]
President Donald Trump, left, greets Italy’s Prime Minister Giorgia Meloni upon her arrival at the White House. (AP) US President Donald Trump and Italian Prime Minister Giorgia Meloni struck an unusually upbeat note on Friday as they met at the White House, signaling hope for a new US-EU trade deal and highlighting a growing ideological […]
