June 8, 2025
Sydney 29

Chess v checkers: US and China blunder into stalemate

The TOI correspondent from Washington: Pride and prejudice stand in the way of China and the US making the first move to break the trade and tariff stand-off that is starting to strangle global commerce. The Trump White House is saying the ball is in China’s court to initiate talks and Beijing is demanding “respect” […]

New tariffs ‘coming soon’: US trade secretary says duty exemptions for electronics temporary

US administration’s recent decision to exempt various electronic devices from tariffs introduced earlier this month is not permanent, said commerce secretary Howard Lutnick on Sunday.He clarified that these products would soon face “semiconductor tariffs,” expected to be implemented within “a month or two.”Speaking at ABC news’ ‘This Week’ programme, Lutnick said, “All those products are […]