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, […]
tariffs
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 […]
Modi to attend ASEAN summit virtually
NEW DELHI – Indian Prime Minister Narendra Modi will attend the ASEAN Summit in Kuala Lumpur virtually, ruling out a potential face-to-face meeting with U.S. President Donald Trump and signaling that a long-discussed trade deal between New Delhi and Washington may still be out of reach. The U.S. and India have been negotiating for months […]
Trump administration mulls sweeping export curbs on China
WASHINGTON: The Trump administration is weighing a sweeping plan to restrict software-powered exports to China, including items ranging from laptops to jet engines, in retaliation for Beijing’s latest rare earth export controls, according to US officials and sources briefed on the deliberations. The proposed measure, not yet finalized, would target global shipments containing US software […]
Trump Admits 100% Tariff on China “Not Sustainable”
WASHINGTON — U.S. President Donald Trump on Friday admitted that his proposed 100% tariff on Chinese imports would not be economically sustainable, but insisted Beijing’s actions forced Washington into the latest trade escalation. “It’s not sustainable, but that’s what the number is,” Trump said in an interview with Fox Business Network, when asked about the […]
China Defends Russian Oil Purchases, Slams US Trade Measures
BEIJING – China on Thursday defended its purchases of Russian oil as “legitimate” and criticised the United States for “unilateral bullying” amid rising tensions over trade and energy policies. The statement came after former US President Donald Trump said Indian Prime Minister Narendra Modi promised to stop buying Russian oil, and claimed he would pressure […]
Trump’s Tariff Threats Overshadow IMF
WASHINGTON– Finance ministers and central bankers gathering in Washington this week for the IMF and World Bank annual meetings are facing renewed global uncertainty after Donald Trump reignited the US-China trade war, threatening 100% tariffs on Chinese imports. The move has rattled markets and overshadowed what was expected to be a week focused on the […]
Bitcoin drops 8% as Trump’s tariff war with China rattles global markets
NEW YORK – Bitcoin, the world’s biggest cryptocurrency, dropped 8.4% on Friday after US President Donald Trump intensified his trade fight with China. Trump announced 100% tariffs on Chinese exports to the US and new export controls on “critical software,” following China’s limits on rare earth exports used in tech and manufacturing. Read More: Crypto […]
Trump Doubles Tariffs on China
WASHINGTON – US President Donald Trump has reignited the trade war with China, announcing an additional 100% tariff on Chinese goods and threatening to cancel his upcoming meeting with President Xi Jinping. Trump said the move comes in retaliation for what he described as Beijing’s “extraordinarily aggressive” decision to impose export restrictions on rare earth […]
Trump Slaps 100% Tariffs on Drugs
President Donald Trump has launched another wave of tariffs, unveiling a 100% duty on branded pharmaceutical products, a 25% tariff on heavy-duty trucks, and new charges on furniture and household imports such as kitchen cabinets and upholstered goods. The tariffs take effect October 1, marking one of the most aggressive trade measures of his second […]