NAIROBI: It’s crunch time for the maker of Levi’s and Wrangler jeans in Kenya’s capital, Nairobi. Hundreds of sewing machines whir in a crowded, air-conditioned factory. On another floor, workers pack clothes destined for the US market. The fate of about 16,000 workers in the factory at the United Aryan export processing zone hangs in […]
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 […]
Representative image (Picture credit: ANI) Senior American and Chinese officials began tense negotiations in Geneva on Saturday in a bid to cool a spiralling tariff dispute that threatens global trade. US treasury secretary Scott Bessent and trade representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng, marking the first direct contact between the two […]
European Union (Photo: ANI) BRUSSELS: The European Union published on Thursday a list of US imports that it would target with retaliatory duties if no solution is found to end US President Donald Trump’s tariff war, which could include aircraft maker Boeing.At the same time, the EU’s executive branch, the European Commission, said that it […]
New Delhi: President Donald Trump on Monday announced a 100 per cent tariff on films produced overseas, saying the movie industry in the US was “dying a very fast death”. “Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within […]
U.S. President Donald Trump. | Photo Credit: Reuters U.S. President Donald Trump announced on Sunday (May 4, 2025) a 100% tariff on movies produced outside of the United States, saying the U.S. movie industry was dying a “very fast death” due to the incentives that other countries were offering to draw American filmmakers. “This is […]
Haley Stevens (Image: AP) LANSING: Fourth-term US representative Haley Stevens has launched her run for Michigan’s open US senate seat on Tuesday with a video focused on the economic crisis caused by President Donald Trump‘s volatile tariffs policies. Walking through a lot full of pickup trucks and SUVs to make the case that she’s the […]
Washington: The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump’s tariff rollout, the head of the International Monetary Fund said Thursday. The stop-start US tariff plans have fueled levels of market volatility unseen since the Covid-19 pandemic, and most economists expect the imposition of new […]
US President Donald Trump took to Truth Social on Wednesday to declare that the US is collecting “RECORD NUMBERS” in tariffs while prices of “gasoline, groceries, and just about everything else” are falling — a message of economic victory under his leadership: “Promises Made, Promises Kept!” But his celebration comes as confusion deepens around his […]
Washington: Donald Trump believes it is up to China, not the United States, to come to the negotiating table on trade, the White House said Tuesday, after the US president accused Beijing of reneging on a major Boeing deal. “The ball is in China’s court. China needs to make a deal with us. We don’t […]
