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 […]
tariffs
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 […]
Trump strikes $350B trade deal with South Korea
US President Donald Trump finalized a major trade deal with South Korean President Lee Jae Myung on Wednesday. The announcement came during a dinner on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum. Both leaders confirmed that the deal resolves long-standing disputes over tariffs and investment commitments between the two allies. Under the agreement, […]
US-China trade talks in Kuala Lumpur raise hopes for breakthrough
KUALA LUMPUR – Hopes for easing tensions between the world’s two largest economies grew on Sunday as the United States and China held the second day of trade talks in Kuala Lumpur, setting the stage for a potentially “productive meeting” between Presidents Donald Trump and Xi Jinping later this week. US Trade Representative Jamieson Greer […]