WASHINGTON / COPENHAGEN: US President Donald Trump on Friday threatened to impose trade tariffs on countries that do not support his plans to take over Greenland, part of the autonomous territory of Denmark. Read More: US control of Greenland ‘vital’, Trump insists Speaking at a White House health roundtable, Trump said, “I may put a tariff on countries if […]
tariffs
China and Canada reach landmark trade and tourism deal
BEIJING: Canada and China have reached a “landmark” agreement covering trade, tourism, and economic cooperation, marking the first high-level meeting between the two nations’ leaders in eight years. Canadian Prime Minister Mark Carney met Chinese President Xi Jinping on Friday at the Great Hall of the People in Beijing, turning a page on years of […]
Canada, China eye ‘historic’ gains from new partnership, Carney says
BEIJING: Canada and China are preparing to reap “historic” gains from a new strategic partnership, Canadian Prime Minister Mark Carney said on Friday during talks with Chinese President Xi Jinping. Read More: Canadian PM seeks reset with China amid US tensions Carney, the first Canadian prime minister to visit China since 2017, emphasized leveraging each country’s strengths […]
Trump announces 25% tariff on nations trading with Iran
US President Donald Trump has announced a 25 percent tariff on any country conducting trade with Iran, escalating pressure as the Islamic republic continues to face widespread protests. The announcement, made via social media, warned that the levies would “immediately” target Iran’s trading partners who also do business with the United States, though Trump did […]
Trump proposes 50% rise in US defence budget to $1.5tn
US President Donald Trump has proposed a dramatic 50 per cent increase in the United States defence budget for fiscal year 2027, seeking to raise it from around $1 trillion to $1.5 trillion. The announcement on Wednesday came as Trump described the world as being in “troubled and dangerous times” and argued the larger budget […]
Trump warns US could raise tariffs on India over Russian oil imports
US President Donald Trump on Sunday warned that the United States could impose higher tariffs on India if the country does not curb its purchases of Russian oil. Speaking to reporters aboard Air Force One, Trump said tariffs could be increased “very quickly” if India fails to meet Washington’s demands. Read More: India seeks weekly data […]
India moves to finalize major trade deal with US
India expects to secure a trade deal with the United States before the end of this year, a senior official said. Most technical issues have been resolved, and remaining matters could be addressed at a political level, India’s trade secretary Rajesh Agrawal added. The agreement is expected to address tariffs, market access, and other trade […]
Trump threatens military action in Nigeria
WASHINGTON – US President Donald Trump has warned that the United States could deploy troops or launch air strikes in Nigeria to stop what he called “the killing of large numbers of Christians.” Speaking to reporters aboard Air Force One, Trump said, “They’re killing record numbers of Christians in Nigeria… We’re not going to allow […]
Carney apologises to Trump over anti-tariff ad, trade talks halted
Canadian Prime Minister Mark Carney confirmed on Saturday that he apologised to United States President Donald Trump over an anti-tariff advertisement featuring former US leader Ronald Reagan. Carney also revealed that he had urged Ontario Premier Doug Ford not to air the controversial ad. Trump responded by announcing an additional 10 per cent tariff hike […]
Trump, Xi strike one-year trade deal easing tensions over tariffs and rare earths
BUSAN (South Korea): US President Donald Trump announced on Thursday that he had reached a new deal with Chinese President Xi Jinping to ease trade tensions, including a reduction in tariffs, renewed Chinese purchases of US soybeans, and a one-year agreement ensuring the flow of rare earth exports. The breakthrough came after nearly two hours […]