Donald Trump and Peter Navarro White House trade adviser Peter Navarro said that US President Donald Trump should be considered for a Nobel Prize in economics for his “fundamental restructuring” of global trade.Speaking to Fox Business Network on Thursday, Navarro argued that Trump had “taught the world trade economics” by taking a hard stance on […]
A sweeping new wave of tariffs imposed by US President Donald Trump has triggered a flurry of responses from trading partners around the globe.Thursday’s announcement unveiled new or sharply increased tariffs on dozens of countries, with rates ranging from a baseline tariff of 10% to as high as 41%. The sweeping move has prompted a […]
US President Donald Trump on Friday signed an executive order imposing higher tariffs on a dozen key trading partners across the globe. The tariff rates range from 41% on Syria to an increased 35% on Canada.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration claims […]
Swedish Prime Minister Ulf Kristersson (AP image) Sweden on Thursday urged the European Union to suspend its trade agreement with Israel, citing Israel’s actions during the ongoing war in Gaza.Swedish Prime Minister Ulf Kristersson in a post on X said, “The situation in Gaza is utterly deplorable, and Israel is not fulfilling its most basic […]
Deborah Mason(left), Roseanne Mason(right) (Source: Metropolitan police) A 65-year-old grandmother masterminded one of UK’s most sophisticated drug trafficking operations, has been sentenced to 20 years in prison. Deborah Mason, infamously nicknamed the “Queen Bee” and “Gangster Granny,” ran a sprawling family-led drugs cartel that trafficked more than a ton of cocaine worth up to £80 […]
PARIS: A day after the EU and US struck a trade deal Sunday, the French govt has come out swinging against the agreement, calling instead for tariff retaliation and warning that Europe would be politically weakened if it didn’t hit back. “It is a dark day when an alliance of free peoples, gathered to affirm […]
US State Secretary Marco Rubio with Chinese foreign minister Wang Yi (AP image) US Secretary of State Marco Rubio met his Chinese counterpart Wang Yi on Friday in Kuala Lumpur, amid the trade war between the two countries.In the meeting they agreed to look for “areas of potential cooperation” between Washington and Beijing. These high-level […]
Donald Trump (left), Ursula von der Leyen (AP) The European Union is considering a temporary trade agreement with the United States that would maintain a 10 percent tariff on most exports, according to a briefing by the European Commission to EU ambassadors on Friday, reported news portal Politico.The update came after a key round of […]
US President Donald Trump (left), Canadian PM Mark Carney (AP) The White House on Monday said that Canadian Prime Minister Mark Carney had “caved” to pressure from US President Donald Trump, after Canada withdrew a controversial tax targeting American tech companies, a move that had triggered a freeze in trade talks.White House press secretary Karoline […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has once again claimed credit for averting a full-scale war between India and Pakistan, saying he warned both countries of halting all trade ties, which led to the cessation of hostilities. Speaking to reporters at the White House on Friday, Trump asserted, […]
