New Delhi: US President Donald Trump announced global reciprocal tariffs on trading partners on Wednesday (local time), calling it a “declaration of economic independence.” A “baseline tariff” of 10 per cent will apply to economies globally and will take effect at 12:01 am on April 5, while higher rates will apply to those the White … Read more
Mexico City: Mexican President Claudia Sheinbaum told cheering crowds Sunday that she is confident that her country has headed off the threat of US tariffs for now. Last week, Sheinbaum’s US counterpart Donald Trump agreed to offer another month of temporary relief on threatened tariffs on imports from Mexico. During a huge rally in Mexico … Read more
Washington, United States: President Donald Trump delayed the start of tariffs on Mexico and Canada for a month Monday after the US neighbors struck last-minute deals to tighten border measures against the flow of migrants and the drug fentanyl. Global stock markets had slumped as Trump’s threat of sweeping 25 percent levies on exports from … Read more
Washington, United States: US President Donald Trump signed an order imposing tariffs on imports from Canada, Mexico and China, citing a “major threat” by drugs and “illegal aliens”. This move drew swift retaliation from its North American neighbours as a trade war erupted between longtime allies. On Saturday, Mr Trump ordered 25 per cent tariffs … Read more