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Trade war: Donald Trump signs executive order imposing tariffs up to 41% – what to know

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 […]

‘Situation in Gaza utterly deplorable’: Swedish PM urges EU to suspend trade ties with Israel; calls for unrestricted humanitarian aid

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 […]

Meet 65-year-old ‘Gangster Granny’: UK’s drug cartel mastermind Deborah Mason, jailed for 20 years over £80m Cocaine trade | World News

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 […]

French PM says US-EU trade deal a ‘dark day’ for Europe

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-China talks: State Secretary Marco Rubio meets Chinese foreign minister Wang Yi; discusses ‘areas of potential cooperation,’ amid trade war

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 […]

Trump’s 50% tariff threat looms: EU considers temporary trade deal with US; Von der Leyen pushes for ‘agreement in principle’

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 […]

Canada drops tech tax: White House Says Ottawa ‘caved’ to Trump; trade talk to resume

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 […]

‘We did some great work’: Donald Trump again claims he brokered India-Pakistan peace; cites trade pressure as tool

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, […]

‘Difficult country to trade’: Donald Trump calls off trade talks with Canada, slams digital services tax

US President Donald Trump (left) and Canadian PM Mark Carney (AP) US President Donald Trump came down hard on Canada over its decision to impose a Digital Services Tax (DST) on American technology companies, calling it a “direct and blatant attack” on the United States. In a post on his social media platform Truth Social, […]

India-US trade deal: Energy, agriculture and tariffs; what will be in the ‘very big’ pact

US President Donald Trump and Prime Minister Narendra Modi (File Image) NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a “very big” agreement with India will be forthcoming soon. In a presser at the White House, Trump said, “Everybody wants to make […]