trade – Page 4 – 9xm News

India-US trade war: White House issues statement as Trump imposes extra 25% tariff — here’s the full text

. US President Donald Trump on Wednesday signed an executive order imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. He warned of the potential imposition of similar tariffs on other countries that directly or indirectly import oil from the Russian Federation.The tariff is scheduled to take effect […]

US-China trade row: Donald Trump says he could ‘destroy China’; hints at 200% tariffs on rare earths

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has claimed that the United States holds overwhelming leverage over China, even suggesting that if he chose to use it, he could “destroy” the world’s second-largest economy.Speaking in the Oval Office on Monday before a bilateral meeting with South Korean President Lee […]

‘Trump used trade in a very powerful way as leverage’: White House again claims US President ended India-Pak conflict

White House said Trump used trade as leverage to end the conflict between India and Pakistan. The White House again claimed US President Donald Trump ended the conflict between India and Pakistan — despite repeated rejection from New Delhi. White House spokesperson Karoline Leavitt detailed the conflicts that President Trump resolved in the past few […]

EU-US trade talks: European bloc halts tariff retaliation after Trump deal; pause expected to last six months

US President Donald Trump and European Commission President Ursula von der Leyen (Photo: AP) In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President […]

UAE: Abu Dhabi’s non-oil foreign trade sees record 35% jump, reaching AED195.4 bn in H1 2025 | World News

Abu Dhabi’s non-oil foreign trade grew 34.7% in H1 2025, up from AED145 billion during the same period in 2024/ Representative image Abu Dhabi’s non-oil trade sector delivered a standout performance in the first half of 2025, driven by a robust surge in exports, steady growth in imports, and a rise in re-exports. The 34.7% […]

‘Two strong economies’: Canada’s trade minister pledges to continue trade talks with US; urges dialogue despite Trump’s new tariffs

Canada’s trade minister Dominic LeBlanc Canada’s trade minister Dominic LeBlanc said on Sunday that his country is prepared to continue working toward a new trade agreement with the US, despite leaving Washington without a deal and facing increased tariffs from the Trump administration. “We’re prepared to stick around and do the work needed,” LeBlanc said […]

Pakistan, Iran decide to increase bilateral trade to USD 8 billion annually

Pakistan and Iran agreed on Sunday to increase bilateral trade to USD 8 billion annually, taking advantage of their geography and the “discount of distance,” as trade ministers from the two countries held discussions to deepen economic and political ties. The agreement was reached during a meeting between Commerce Minister Jam Kamal Khan and Iranian […]

‘Fire vs lamp’: China torches US for hypocrisy; ‘why can you trade with Russia but not us?’

Amid escalating trade tensions, China on Thursday lambasted US for its hypocritical nature after it accused Beijing of being “the most important supplier” of Russia’s war efforts against Ukraine. In a sharp rebuttal, China said that US continues to engage in trade with Russia to this day by only allowing itself “to set fires while […]

‘Taught the world trade economics’: Peter Navarro says Donald Trump deserves Nobel in economics; cites global overhaul

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 […]

Trade war: ‘Major success’ or ‘factless turbulence’? Here’s how nations reacted to Trump’s new tariffs

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 […]