Malaysian Prime Minister Anwar Ibrahim (Image: AP) Malaysia is set to host the 46th edition of the Association of Southeast Asian Nations (Asean) Summit from 26 to 27 May. The summit will bring together leaders from Southeast Asian nations to discuss key regional issues, including economic cooperation, security and sustainable development.Malaysian prime minister Anwar Ibrahim […]
NAIROBI: It’s crunch time for the maker of Levi’s and Wrangler jeans in Kenya’s capital, Nairobi. Hundreds of sewing machines whir in a crowded, air-conditioned factory. On another floor, workers pack clothes destined for the US market. The fate of about 16,000 workers in the factory at the United Aryan export processing zone hangs in […]
Tokyo Container Terminal is seen in Tokyo (AP) TOKYO: Japan’s exports to the United States, its largest single trading partner, fell nearly 2% in April as tariff hikes imposed by President Donald Trump hit home. Globally, exports rose just 2% year-on-year, down from 4% in March, leaving a trade deficit for the first time in […]
US President Donald Trump on Saturday told Walmart to “eat the tariffs” after the retail giant warned that it would have to raise prices because of the new import taxes. Trump said that the retail giant should not blame tariffs for the price hikes.The US’s biggest retailer recently said that tariffs, even at reduced levels, […]
NEW DELHI: The US-China trade deal has increased the headache for Indian negotiators, who are once again headed to Washington DC to discuss the proposed bilateral trade deal.While signalling movement towards a deal between the world’s two largest trading nations, the 90-day truce, which will see them slash tariffs by 115 percentage points, opens the […]
US President Donald Trump claimed on Saturday that “great progress” was made during the first day of high-stakes US-China trade talks in Geneva, signalling what he called a “total reset” in relations between the world’s two largest economies.In a post on Truth Social, the US president wrote, “A very good meeting today with China, in […]
United States and China held direct trade talks in Geneva on Saturday, with discussions expected to continue on Sunday, according to an official, reported Associated Press. The meetings are part of efforts to ease tensions that have triggered steep tariff hikes and increased economic uncertainty worldwide. US treasury secretary Scott Bessent and trade representative Jamieson […]
Representative image (Picture credit: ANI) Senior American and Chinese officials began tense negotiations in Geneva on Saturday in a bid to cool a spiralling tariff dispute that threatens global trade. US treasury secretary Scott Bessent and trade representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng, marking the first direct contact between the two […]
US President Donald Trump (AP) TAIPEI: Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffsbetween the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each […]
US President Donald Trump on Friday floated slashing tariffs on China to 80% ahead of a weekend meeting, signaling a possible move to ease tensions in the ongoing trade war.“80% Tariff on China seems right! Up to Scott B,” Trump posted on Truth Social referring to Treasury Secretary Scott Bessent, who is one of the […]
