US President Donald Trump (Pic credit: AP) US President Donald Trump on Friday said that he would “fight back” after a US federal court in a significant ruling found his global tariffs “illegal.” The US court of appeals for the federal circuit in Washington ruled that many of Trump’s tariffs were illegal; however, it allowed […]
US President Donald Trump opened a marathon Cabinet meeting at the White House with an awkward riff about attorney general Pam Bondi’s looks, before launching into a three-hour-and-16-minute stream of consciousness that lurched from tariffs to artificial intelligence.“I look at Pam. I would never say she’s beautiful, because that’s gonna be the end of my […]
Low-income Americans are pulling back on spending, often saying no to eating out, traveling, and even cutting back on basics like diapers, fizzy drinks, and beer, as import duties continue to push prices higher.In response, many fast-food chains are now offering cheaper, smaller meal bundles to keep demand steady.Researchers at Yale’s Budget Lab and the […]
STOCKHOLM: Top trade officials from China and the US launched a new round of talks Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies.US treasury secretary Scott Bessent and Chinese vice premier He Lifeng were meeting at the offices of Sweden’s prime minister for two days of talks […]
US Senator Lindsey Graham recently revealed that US President Donald Trump is planning to introduce steep tariffs on countries that continue to purchase Russian oil, naming India, China, and Brazil as primary targets. In an interview with Fox News, Graham said Trump intends to slap a 100% tariff on oil-related imports from these nations in […]
US President Donald Trump announced on Tuesday (local time) that he is planning to impose tariffs of over 10 per cent on goods from smaller countries, including nations in Africa and the Caribbean, news agency AP reported. “We’ll probably set one tariff for all of them,” Trump told reporters, explaining that the rate could be […]
NEW DELHI: US President Donald Trump on Tuesday said that the United States was “close to making a deal with India” after he announced new tariffs for 14 nations, including Thailand, Myanmar, Bangladesh, South Korea, and Japan, set to take effect on August 1.“We’ve spoken to everybody. …it’s all done. I told you we’ll make […]
ASEAN, Gulf nations, and China convened in Kuala Lumpur to bolster economic cooperation (Image credits: AP) Southeast Asian and Gulf nations are set to hold a three-way summit with China on Tuesday in Malaysia’s Kuala Lumpur, aiming to boost economic ties and strengthen regional cooperation amid growing global uncertainty and rising US trade tension.The summit […]
SINGAPORE: Singapore’s economy rose faster than expected in the first quarter year-on-year, official data showed Thursday, pushed by stronger global demand as businesses rushed to beat the imposition of higher US tariffs.The government, however, warned that downside risks remained as a full-blown trade war between the United States and China could still reignite after the […]
Trump announces trade agreement with UK (Photo: AP) US President Donald Trump announced Thursday an agreement with Britain on trade, which would be the first such deal since he launched his global tariffs blitz.Trump provided no details about the scope of the agreement, which comes a month after he imposed sweeping tariffs on US trading […]
