California to defy Trump鈥檚 tariffs
California governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US president Donald Trump鈥檚 tariffs...
Tags : Tariff
IMF chief says US tariffs big risk to global economy
IMF chief Kristalina Georgieva on Thursday said new US tariffs 鈥榗learly represent a significant risk to the global outlook鈥� and urged Washington to work with its trade partners.
Automakers shift gears after Trump tariffs
Automakers have already started to adapt to the 25-per cent tariff imposed on car imports by US president Donald Trump, from pausing production to raising prices or halting certain models.
Trump tariffs to test resilience of US consumers
In unveiling tariffs this week challenging the decades-old international trade order, president Donald Trump lambasted globalisation as a raw deal for the United States that has devastated US manufacturing towns.
US tariffs could shrink global trade volume by 1pc: WTO
US president Donald Trump鈥檚 worldwide tariff salvo could lead to an overall contraction of around 1 per cent in global merchandise trade volumes this year, the WTO chief warned Thursday.
China announces 34pc reciprocal tariffs on US goods
China announced 34 per cent tariffs on US imports聽on Friday, the first major economy to fire back against president Donald Trump鈥檚 swingeing new levies in an escalating global trade war that sent markets deep into the red.
Trump's tariffs: A tax on American consumers
As global financial markets plunge in the wake of US President Donald Trump's 鈥楲iberation Day鈥� tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets.
World reacts聽to Trump聽tariffs
US president Donald Trump鈥檚 sweeping new tariffs on imports to the United States from countries right across the globe drew a wave of condemnation.
37pc US tariff on Bangladesh's exports sparks concerns
The United States has imposed a steep 37 per cent tariff on Bangladeshi exports, raising concerns about the resultant economic fallout and declining trade competitiveness for Bangladesh.
RMG sector in Bangladesh faces challenges as US slaps high tariffs
The country鈥檚 readymade garment manufacturers expressed concern over the US鈥檚 fresh 37 per cent tariff imposition on all Bangladeshi exporting products...
China vows 鈥榗ountermeasures鈥� to sweeping new US tariffs
China on Thursday said it 鈥榝irmly opposes鈥� sweeping new US tariffs on its exports, vowing 鈥榗ountermeasures鈥� to protect its rights and interests...
Cambodia commerce ministry says US tariffs 鈥榥ot reasonable鈥�
Harsh new trade tariffs imposed on Cambodia by US president Donald Trump are 鈥榥ot reasonable鈥�, the Southeast Asian country鈥檚 commerce ministry said Thursday...
US business groups voice dismay at Trump鈥檚 tariffs
President Donald Trump鈥檚 tariff announcement on Wednesday was widely panned by US business lobbying groups, who voiced concern about the impact of the sweeping new duties on their operations...
Lanka warns US tariffs threaten 鈥榯housands鈥� of jobs
Sri Lanka鈥檚 apparel manufacturing industry warned on Thursday that sweeping US tariffs will disrupt the island鈥檚 largest export sector and place thousands of jobs at risk...
Tiny island with 2000 residents faces 29pc US tariff
Australia expressed puzzlement Thursday over Donald Trump's decision to slap a 29-percent trade tariff on its tiny Pacific territory of Norfolk Island.
US leader Trump unveils sweeping global tariffs
US president Donald Trump on Wednesday unveiled a raft of punishing tariffs targeting countries around the world including some of its closest trading partners, in a move that risks sparking a ruinous trade war.
Major economies vow retaliation as Trump set to unleash tariffs
US president Donald Trump was poised to unveil sweeping new 鈥楲iberation Day鈥� tariffs on Wednesday, but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war...
Trump tariffs threaten Japan auto sector
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: 鈥楪ive me a break.鈥�...
Global outcry as Trump heaps 25pc tariffs on auto imports
World powers on Thursday blasted US president Donald Trump鈥檚 steep tariffs on imports of vehicles and car parts, vowing retaliation as a widening trade war intensifies...
EU tariffs not a deterrent, says Chinese EV maker XPeng
Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a 鈥榣arge economic impact鈥� but will not deter the firm鈥檚 plans to tap European markets...
China, EU vow steps against US steel tariffs
China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs, moving Washington closer to an all-out trade war with two major partners...
US delays Mexico, Canada tariffs
US president Donald Trump on Thursday delayed some tariffs targeting Canada and Mexico, leading Ottawa to halt an upcoming wave of countermeasures 鈥� offering a reprieve to companies and consumers after blowback on financial markets.
Tariff weaponising by US, others concerning for Bangladesh: Rehman Sobhan
Economist Rehman Sobhan on Monday said that the world of liberalisation and globalisation was now in retreat amid weaponising the tariff by powerful nations, causing concerns for Bangladesh...
Trump says trade deal with China 鈥榩ossible鈥�
US president Donald Trump suggested on Wednesday that a trade deal was 鈥榩ossible鈥� with China 鈥� a key target in the US leader鈥檚 tariffs policy...
Trump says US auto tariffs to be about 25 per cent
US president Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 per cent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors...
Japan seeks exemption from US steel tariffs
Japan asked the United States on Wednesday to be exempt from President Donald Trump鈥檚 tariffs on steel and aluminium exports, Tokyo鈥檚 top government spokesman said...
US TARIFF ON CANADA, MEXICO, CHINA: A window of opportunity for Bangladesh
THE United States has implemented a series of executive order tariffs, effective from February 4, on key trading partners, including Canada, Mexico and China, as part of its broader trade policy agenda. Additional 25 per cent tariffs on Canadian and Mexican imports, whereas 10 per cent tariffs on Chinese goods are also imposed by US president Donald Trump. The orders...
US stocks tumble on tariff, inflation fears
Wall Street stocks slumped to close the week Friday as investors gird for fresh US tariffs and as employment and other data fanned inflation fears...
Shein, Temu face cost of adapting to new US customs rules
US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say...
BoE slashes UK growth outlook amid Trump tariff threat
The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK...