Berserk bullies generally halt when someone stands up to them. That is what is happening to America’s President of seven weeks, Donald Trump. His tirade against friends, allies and neighbours initially caught them off guard. It took them some time to collect themselves, although they tried to mollify him, promising some concessions and offers to … Read more
US President Donald Trump’s brinkmanship with China is escalating with the announcement of a fresh 10% tariff, along with 25% duties on imports from Canada and Mexico on March 4. Given the 10% levy imposed by the US that came into effect last month, Chinese exports to the U.S. are set to face duties of … Read more
Washington, DC: US President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by America’s northern allies. Starting past midnight, imports from Canada and Mexico are now to be taxed at 25 per cent, with Canadian energy products subject to 10 per … Read more
Two days after US President Donald Trump berated Ukrainian leader Volodymyr Zelensky at the White House on live television, European leaders met in London to present a united front to support him. They agreed on a plan to achieve peace in Ukraine with some security guarantees, though they still want the US to provide military … Read more
Washington, DC: As US President Donald Trump’s tariff hike for Mexico, Canada, and China kicks in on Tuesday, Ottawa and Beijing are already ready with countermeasures aimed at safeguarding their rights and interests. Canada will slap tariffs on US imports beginning Tuesday in response to levies pledged by America, Prime Minister Justin Trudeau said on … Read more
New Delhi: Stock markets across the globe sank after US President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Trump’s comments made on Monday struck fears of a trade war in North America and sent financial markets reeling. The US stocks tumbled sharply in late afternoon trading, … Read more
Elon Musk’s net worth fell by $22.2 billion Tuesday – his fourth-largest one-day loss – as stock markets faltered on skepticism about potential tariffs and ongoing federal cost-cutting efforts. Tesla Inc, which makes up more than half of Musk’s fortune, was particularly hard hit after reports that its sales in Europe – where Musk’s favorability … Read more
Washington, United States: US President Donald Trump on Thursday claimed that the BRICS nations have “broken up”, days after he threatened them with 100 per cent tariffs if they tried to seek an alternative for the US dollar. “BRICS states were trying to destroy our dollar. They wanted to create a new currency. So when … Read more
US farmers would bear the cost of tariffs on imported Canadian fertilizers should President Donald Trump’s levies take effect, according to top supplier Nutrien Ltd. “The tariff costs and tariff impact will be passed on,” Chief Executive Officer Ken Seitz said in a conference call with analysts. “It is going to mean rising costs for … Read more
Washington, United States: US President Donald Trump’s use of tariffs as a blunt weapon to extract concessions on everything from commerce to immigration and drug trafficking could redraw global trading norms, analysts say. Since his inauguration on January 20, Trump has unveiled and paused blanket tariffs on Canadian and Mexican goods over migration and illegal … Read more
U.S. President Donald Trump on Monday announced a 25% tariff on aluminum and steel tariffs that could hit Canada and Mexico, the top two exporters to the U.S., the hardest. Trump’s ongoing trade offensive also provoked chiding from the U.S.’ top competitor, China. VOA correspondent Anita Powell reports from the White House.
White House — President Donald Trump on Monday fired another volley in his ongoing trade war, announcing 25% tariffs on steel and aluminum imports and canceling exemptions and duty-free quotas for major suppliers. “It’s a big deal,” Trump said, the thick black marker in his right hand hovering over the executive order. “This is the … Read more