The US Trade Representative has proposed new duties targeting 60 economies, including Pakistan and India, for alleged failures to act against forced labour, as the Trump administration seeks to rebuild its tariff agenda following legal setbacks. The proposed tariffs range from 10 per cent to 12.5pc, according to a government filing, and they will undergo […]
US tariffs
Trump claims authority to impose tariffs despite Supreme Court ruling
WASHINGTON — US President Donald Trump on Sunday asserted his right to impose tariffs, despite the Supreme Court last month striking down his global tariff measures. Read More: US Supreme Court strikes down Trump’s global tariffs In a series of posts on his Truth Social platform, Trump said he “has the absolute right to charge TARIFFS in another form” and […]
Starmer warns against US tariffs on allies
British Prime Minister Keir Starmer opposed US tariffs on allies over Greenland, calling them harmful to historic alliances. He urged calm discussion to avoid a trade conflict. Starmer emphasized that Greenland’s future must be decided by its people and Denmark alone. Starmer addressed an emergency press conference on Monday, stressing that the US-UK alliance has […]
China posts $1.2 trillion trade surplus despite US tariffs
China recorded a historic trade surplus of $1.2 trillion in 2025, demonstrating resilience despite ongoing trade tensions with the United States. The figure marks a 20 percent year-on-year increase, underscoring the country’s growing export strength amid a challenging global economic environment. Read More: China vows to counter Trump’s Iran tariffs Exports to the U.S., previously China’s largest […]
Trump hints at new tariffs on India over rice imports
US President Donald Trump has signaled new tariffs on India, citing concerns over rice imports. He questioned why India is allowed to dump rice in the US. Trump emphasized that India must pay duties like other countries. During a White House meeting, Trump asked Treasury Secretary Scott Besant about India’s trade practices. He raised concerns […]
Tariff shock hits Japan: GDP shrinks for first time in six quarters
Tokyo: Japan’s economy shrank an annualized 1.8% in the July-September quarter, the first contraction in six quarters. Exports fell sharply due to new US tariffs. Economists see the setback as temporary rather than a full recession. The quarterly contraction came in at 0.4%, slightly better than the median market estimate of 0.6%. Growth in the […]
Japan, India boost ties amid US tariffs
Japan’s Prime Minister Shigeru Ishiba and India’s Prime Minister Narendra Modi agreed on Friday to strengthen their economic and security partnership. This comes as India faces new U.S. tariffs, and Japan seeks to counter China’s rising influence. Both leaders highlighted the need to support each other and tackle future challenges together. They pledged to boost […]
US tariffs threaten India’s gains from cheap Russian oil
India saved billions by increasing imports of discounted Russian oil since the Ukraine war began. However, new US tariffs that started on Wednesday could quickly erase these savings. Analysts say India saved at least $17 billion but now faces major export losses due to these punitive tariffs. The tariffs, imposed by US President Donald Trump, […]
Trump to shock 12 nations with new tariff letters on monday
US President Donald Trump revealed on Friday that he had signed 12 trade-related letters to be sent out on Monday. These letters will notify specific countries about new US tariffs set to take effect on July 9. Trump made the announcement while speaking to reporters aboard Air Force One on his way to New Jersey. […]
High-level Pakistan delegation to discuss US tariffs in Washington
Pakistan and the United States are set to begin official talks soon to address trade tariffs and economic issues. A high-level Pakistani trade delegation will visit Washington this week to discuss recent US tariffs and related economic concerns with American officials. This visit marks an important step in improving bilateral trade relations. The delegation, led […]