Hong Kong, China: After being accepted by Donald Trump again on Friday, Gold hit a fresh record high by Gold, while the stock and dollar were tumbled, when their global tariff blitz could see “an infection cost”. The US President’s decision to delay crippled duties for 90 days made a frenzied scuffle for equity, which … Read more
New Delhi: A week after a deadly earthquake struck Myanmar, “Liberation Day” tariffs imposed by US President Donald Trump have cast a shadow on the country’s economic future as it mitigates vast infrastructural damage. The country, where the toll after a 7.7-magnitude quake climbed past 3,000, has been slapped with 44 per cent tariffs. The … Read more
US President Donald Trump has imposed retaliatory tariffs on almost all countries, including its allies, to protect and boost the American economy. On Wednesday, Trump declared a national economic emergency and imposed a minimum 10 per cent tariff on imports. Soon after the 47th President announced tariffs on countries and places — including some, where … Read more
New Delhi: When US President Donald Trump turned up at the White House Rose Garden to announce what he described as “Liberation Day tariffs”, several countries were prepared for some harsh measures. But little did anyone know that the President would subject even uninhabited islands to his wrath. Apart from imposing a baseline 10 per … Read more
Washington: US President Donald Trump on Wednesday imposed sweeping tariffs that target key economic partners, escalating global trade tensions. China faces a 34 per cent tariff, the European Union 20 per cent, and India a 26 per cent “discounted reciprocal tariff.” The affected sectors span automobiles, dairy, steel and electronics. Trump’s trade battles are not … Read more
Washington: US President Donald Trump geared up to unveil sweeping new “Liberation Day” tariffs on Wednesday in a move that threatens to ignite a devastating global trade war. Key US trading partners including the European Union and Britain said they were preparing their responses to Trump’s escalation, as nervous markets fell in Europe and America. … Read more
Washington: As dawn broke over the Mexican-US border on US President Donald Trump’s “Liberation Day,” Raul Hernandez steered his semi-trailer carrying Toyota pick-up trucks towards California, worried how tariffs would affect him. If Trump goes ahead with his plan to impose sweeping import duties and manufacturers move their plants to the United States, many workers … Read more
Washington, United States: US President Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising “Liberation Day” on Wednesday with action targeting countries that have persistent trade gaps with his country. What can we expect and what else is in the pipeline? Tariffs imposed Trump fired his first salvo in … Read more
Washington, United States: The clock is ticking down to Donald Trump’s “Liberation Day” when the US president has threatened to unleash a wide range of tariffs against countries running persistent trade imbalances with the United States. The move — which comes as Trump has been making unprecedented use of presidential powers — is driven by … Read more