President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. … Read more
US President Donald Trump Wednesday signed an executive order imposing an additional 25% tariff on India for its imports from Russia. A look at all his announcements related to tariffs on various countries: Aug 6- U.S. President Donald Trump’s tariff decisions since he took office on January 20 have shocked financial markets and sent a … Read more
President Donald Trump. File | Photo Credit: AP President Donald Trump announced a trade deal with Vietnam on Wednesday (July 2, 2025) that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his Truth Social platform, Mr. Trump declared the pact … Read more
The trade deal signed between U.S. President Donald Trump and British Prime Minister Keir Starmer lowering some tariffs on imports from Britain has come into effect, the British government said on Monday. British car manufacturers will now be able to export to the U.S. under a reduced 10% tariff quota from an earlier 27.5%, while … Read more
American business leaders are adopting a new playbook in order to make sure Trump remains in good humour — be vague, avoid being direct, don’t mention “Trump” by name. According to a report in the New York Times, for the CEOs of US in the era of Donald Trump, public speaking has become a fraught … Read more
Huntar CEO Jason Cheung, 45, had already halted production at the 600,000-square-foot facility in Shaoguan. He saw the tariff for what it was: an existential threat to his company, which manufactures educational toys bound for the shelves of Walmart and Target, like Learning Resources Inc’s Numberblocks, which help teach kids math. “I needed to start … Read more
The way President Donald Trump sees it, beating China in a trade war should be easy. After all, his logic goes, the Chinese sell Americans three times as much stuff as Americans sell them. Therefore, they have more to lose. Inflict enough pain, like the combined 145% taxes he slapped on Chinese imports last month, … Read more
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other’s goods at an all-time … Read more
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the country to the brink of chaos. Then a month ago, as a new government was still working to steady Bangladesh’s economy, came the devastating news that the United States was placing … Read more
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.The decision was announced last month, with the White House calling it a “critical step in … Read more