Donald Trump and Xi Jinping US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer are all set to meet officials in London on Monday for trade negotiations, President Donald Trump announced on Friday.“The meeting should go very well,” the president wrote on Truth Social on Friday afternoon. “Thank you […]
File photo: US President Donald Trump (Picture credit: AP) US President Trump, it would seem, is not one for a “TACO.” The taco in question is not a dish made with tortillas, but rather a reference to how markets are responding to his tariff policies.The TACO trade, short for Trump Always Chickens Out, is a […]
US President Donald Trump (Pic credit: AP) US President Donald Trump defended his hardline tariff strategy on Sunday, emphasising that his goal is to bolster American production of military and high-tech goods, not revive the country’s textile industry.“We’re not looking to make sneakers and T-shirts,” Trump told reporters before boarding Air Force One in New […]
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 […]
The Trump administration is expected to announce a significant reduction in tariffs on Chinese imports—possibly as early as next week—just as American and Chinese trade officials gather in Switzerland for key negotiations. Sources told The Post that current tariffs of 145% on Chinese goods could be lowered to between 50% and 54%, a rate seen […]
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 […]
China has expressed its willingness to resume trade negotiations with the United States, provided that certain key preconditions are fulfilled. Among the primary demands is a call for greater diplomatic respect, a consistent US trade stance, attention to its concerns on sanctions and Taiwan, and the appointment of a lead negotiator with Trump’s full backing, […]
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 […]
The TOI Correspondent from Washington: American stock indices tanked “bigly” the morning after the MAGA supremo Donald Trump’s “tariff terrorism” but the US President remained upbeat about the eventual outcome of his tectonic trade gambit amid the market meltdown. “THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT […]
