US President Donald Trump has stated that China must supply magnets to the United States or face a potential 200% tariff. This warning comes amid an ongoing trade dispute, where China has been sensitive about its control over the rare earths supply, adding magnets to its export restriction list in April. The discussion includes the…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has claimed that the United States holds overwhelming leverage over China, even suggesting that if he chose to use it, he could “destroy” the world’s second-largest economy.Speaking in the Oval Office on Monday before a bilateral meeting with South Korean President Lee…
US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already rattled global trade.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air…
File photo: NCP (SP) chief Sharad Pawar (PTI) NEW DELHI: NCP (SP) chief Sharad Pawar on Saturday called for backing the Central government in the face of US President Donald Trump’s steep tariff hikes, describing them as “pressure tactics” aimed at coercing India.“The imposition of a 50 per cent tariff on Indian goods is a…
The United States called India a “strategic partner” and said it will keep engaging New Delhi in a “full and frank dialogue,” even as the two sides grapple with disputes over tariffs, trade imbalance and Russian oil purchases. Despite US President Donald Trump ruling out further trade negotiations with India until issues over its Russian…
US President Donald Trump’s sweeping new tariff regime, set to take effect August 7, has triggered a wave of economic disruption across the globe, from low-income nations like Laos and Algeria to wealthy trade partners such as Canada and Switzerland.Under the new policy, countries face steep new import duties unless they agree to revised trade…
In another move aimed at trade enforcement, the US has unveiled a comprehensive revision of global tariff rates, targeting several countries and territories along with the European Union.The move, formalised via an executive order signed by President Donald Trump, marks a shift from negotiation-driven tariffs to a more systemic, penalty-oriented approach.The revised rates — ranging…
US President Donald Trump on Friday signed an executive order imposing higher tariffs on a dozen key trading partners across the globe. The tariff rates range from 41% on Syria to an increased 35% on Canada.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration claims…
US President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on over 70 countries as part of what he describes as long-standing imbalances in trade practices. India will face a 25% tariff under the new measures. While the US has raised the tariff on Canada from 25%…
Former US President Donald Trump has announced that the United States will help Pakistan develop its oil reserves following a trade deal. In a surprising statement, Trump said, “Who knows? Maybe they’ll be selling oil to India someday.” This development comes after Pakistan’s Finance Minister, Mohammad Aurangzeb, reportedly sealed a deal with US Commerce Secretary…