Indian Prime Minister Narendra Modi said there had been “significant progress” in negotiations with Washington for a long-awaited interim trade agreement following his meeting with US President Donald Trump on the sidelines of the G7 Summit in Evian-les-Bains. The meeting marked the first face-to-face engagement between the two leaders since their previous talks in Washington […]
tariffs
US weighs new tariffs on major trading partners
The United States (US) is considering imposing additional import tariffs of at least 10 per cent on a range of major trading partners as part of a broader effort to address concerns related to forced labour and trade practices. Read More: US proposes tariffs on Pakistan over labour concerns According to international media reports, the proposed measures would […]
US proposes tariffs on Pakistan over labour concerns
The United States (US) has proposed new tariffs on imports from 60 economies, including Pakistan, citing concerns over the enforcement of measures against goods produced with forced labour. Read More: U.S. cuts tariffs on Pakistan, but costs still high According to a filing by the Office of the United States Trade Representative (USTR), the proposed duties range from 10 […]
PM seeks strategy to stabilise power tariffs
Prime Minister Muhammad Shehbaz Sharif, while chairing a meeting on energy sector reforms on Saturday, directed the authorities concerned to formulate a comprehensive strategy to stabilise electricity tariffs. During the meeting, the prime minister stressed the need to provide relief to both industrial and domestic electricity consumers and instructed officials concerned to take concrete measures […]
Trump threatens tariffs on UK over digital tax dispute
US President Donald Trump has threatened to impose heavy tariffs on the United Kingdom (UK) if it does not remove its digital services tax on American technology companies, escalating tensions between the two long-standing allies. Read More: UK to end tariff exemption on low-value imports In an interview with The Telegraph, Trump described the UK’s tax policy as […]
Supreme Court strikes down Trump tariffs in landmark ruling
WASHINGTON, DC — In a landmark decision, the US Supreme Court ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) by imposing sweeping tariffs without explicit congressional approval. Authored by Chief Justice John Roberts, the ruling invalidates tariffs on key US allies, including Canada and Mexico, as well […]
Trump set to visit China amid trade tensions after Supreme Court tariff ruling
WASHINGTON: US President Donald Trump will visit China from March 31 to April 2 for high-level talks with President Xi Jinping, a trip aimed at reinforcing the trade relationship between the world’s two largest economies. The announcement came shortly before the US Supreme Court struck down many of Trump’s sweeping tariffs, including some targeting Chinese […]
UK stocks rise on rate cut hopes and US tariff ruling
LONDON: UK stocks indexes rose on Friday, finishing the week on a high after a combination of factors including the US Supreme Court striking down President Donald Trump’s tariff, expectations of a Bank of England rate cut, and easing concerns over artificial intelligence disruption. Read More: Trump’s tariff pause sparks massive gains in US stock market The blue-chip FTSE […]
Trump imposes new 10% tariff after Supreme Court setback
WASHINGTON: President Donald Trump on Friday signed an order imposing an additional 10% tariff on imports into the United States, following the US Supreme Court ruling that invalidated many of his previous sweeping trade duties. Read More: US Supreme Court strikes down Trump’s global tariffs The new tariff, set to take effect on February 24 for 150 days, […]
US Supreme Court blocks Trump tariffs, sparks market jitters
WASHINGTON: The US Supreme Court on Friday struck down President Donald Trump sweeping import tariffs, prompting a muted rally in global stock markets while stoking concerns among investors about government finances and rising bond yields. Read More: US Supreme Court questions Trump’s global tariff powers The court upheld a lower court ruling that Trump exceeded his authority under a 1977 […]