April 14, 2025
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Why Trump Paused Tariffs: Behind 90-day pause on tariffs: ‘Bessent, Lutnick told Trump their phones were…’
Donald Trump was under tremendous pressure from friends, CEOs, reports claimed. While the White House described Donald Trump’s U-turn on tariffs as “the art of the deal”, insiders aware of what transpired behind the announcement of the 90-day pause said there was tremendous pressure from CEOs, friends, GOP senators, markers and bond prices. Axios reported […]
‘If negotiations not satisfactory, countermeasures will kick in’: EU puts retaliatory tariffs on hold for 90 days
European Commission President Ursula von der Leyen and Donald Trump The European Union on Thursday announced that it would suspend its retaliatory tariff worth 20.9 billion euros ($23 billion) on US goods for 90 days after American President Donald Trump imposed a pause on levies. European Commission President Ursula von der Leyen acknowledged Trump’s announcement […]
Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered | World News
WASHINGTON: President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners […]
Tariff standoff intensifies: China rallies allies as Trump’s trade war narrows to US vs Beijing
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 […]
‘American customers won’t buy anything this year’: Trump’s 104% tariffs dim festive cheer for China’s Christmas factories
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 […]
‘Somebody had to do it’: Donald Trump on raising China tariffs to 125 per cent
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 […]
Donald Trump: ‘Somebody had to pull the trigger’: Donald Trump defends tariffs, says he reversed them because ‘people were getting yippy’
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 […]
Jamie Dimon: ‘Take a deep breath’: Jamie Dimon warns Trump’s tariffs could trigger US recession
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 […]
‘Curve ball’: Irish whiskey producers fret over US tariffs
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 […]