File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has seen some trade deal offers and thinks they need to be better, White House economic adviser Kevin Hassett said on Sunday, adding that Trump will proceed with threatened tariffs on Mexico, the EU and other countries if they don’t improve. “Well, […]
Brazilian President Lula da Silva vowed to retaliate if negotiations with US fail Brazilian President Luiz Inácio Lula da Silva has responded to US President Donald Trump’s Wednesday announcement on his plans to implement a 50% tariff on Brazilian imports.Trump’s letter addressed to President Luiz Inácio Lula da Silva stated the tariffs would commence on […]
US President Trump said early Friday that he is set to resume a set of tariffs that he initially imposed in April on dozens of countries, before pausing them for 90 days to negotiate individual deals. Most of those deals have yet to materialise, and businesses in the US have been left guessing what levies […]
What began as a symbol of protest against President Donald Trump’s tariffs has now taken on an air of irony, as Canada resumed trade talks with the US and Prime Minister Mark Carney announced his government had “rescinded its plan to tax American technology firms.”Several Canadians expressed their disappointment over social media with some calling […]
File photo: US President Donald Trump (Picture credit: AP) US President Trump, it would seem, is not one for a “TACO.” The taco in question is not a dish made with tortillas, but rather a reference to how markets are responding to his tariff policies.The TACO trade, short for Trump Always Chickens Out, is a […]
Federal court blocks Trump from imposing sweeping tariffs under emergency powers law (ANI) WASHINGTON: A federal court on Wednesday blocked US President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised […]
US President Trump (Image credits: AP) A federal court ruled on Wednesday that US President Trump does not have the authority to impose broad tariffs on imports using emergency powers.The decision, delivered by a three-judge panel at the Court of International Trade in New York, came after several lawsuits argued that Trump exceeded his legal […]
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 […]
