Indian exports face uncertainty over Trump’s reciprocal tariffs
Indian exports face uncertainty over Trump’s reciprocal tariffs

US president Donald Trumps threat to impose reciprocal tariffs from April creates anxiety in Indias export sectors from autos to agriculture, reports the Reuters. The City Research analysts estimate potential losses at about $7 billion a year. Government officials waiting to learn how the...

Trump announces 25% tariffs on autos, pharmaceuticals, and chips
Trump announces 25% tariffs on autos, pharmaceuticals, and chips

U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs in the neighborhood of 25 percent and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. On Friday, Trump said levies on...

Hong Kong to file WTO complaint over US tariffs, official says
Hong Kong to file WTO complaint over US tariffs, official says

Hong Kong will file a formal complaint with the World Trade Organisation (WTO) over recent US tariffs, arguing that the US has disregarded the citys status as a separate customs territory, according to Chief Secretary Eric Chan on February 11, reads a Straits Times post. This move is completely...

US to impose 25% tariffs on steel and aluminium imports
US to impose 25% tariffs on steel and aluminium imports

US President Donald Trump is expected to unveil a fresh swathe of tariffs this week, including 25 percent on all steel and aluminium imports. Trump also said hes planning to impose reciprocal tariffs on countries currently taxing US imports - but did not specify which nations would be targeted,...

Trump to introduce 25% tariffs on steel and aluminum imports
Trump to introduce 25% tariffs on steel and aluminum imports

US President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the US, on top of existing metals duties, in another major escalation of his trade policy overhaul, reports Reuters. Trump, speaking to reporters on Air Force One on his way to the...

China's tit-for-tat tariffs on US set to take effect Monday
China's tit-for-tat tariffs on US set to take effect Monday

Chinas tit-for-tat import taxes on some American goods are set to come into effect on Monday as the trade war between the worlds two biggest economies escalates and US President Donald Trump threatens to hit more countries with tariffs, BBC reported. Beijing announced the plan on February 4,...

China challenges Trump tariffs at WTO as package shippers warn of chaos
China challenges Trump tariffs at WTO as package shippers warn of chaos

China filed a World Trade Organization complaint on Wednesday against US President Donald Trumps new 10% tariff on Chinese imports and his cancellation of a duty-free exemption for low-value packages, arguing the actions are protectionist and break WTO rules, reports Reuters. Beijings request...

China imposes 15% tariff on imports of coal, LNG from US
China imposes 15% tariff on imports of coal, LNG from US

Chinas Ministry of Commerce announced Tuesday it was implementing counter tariffs against the U.S. on multiple products, while announcing other trade-related measures, reports AP. The government said it would implement 15% tariff on coal and liquified natural gas products, as well as a 10%...

Asia’s automakers lead decline amid Trump tariffs impact
Asia’s automakers lead decline amid Trump tariffs impact

Shares of Japanese and South Korean automakers, along with their suppliers, plunged on Monday as the region faced a heavy blow from the U.S. President Donald Trumps newly imposed tariffs on Mexico, Canada, and China, reports Reuters. Despite being anticipated, Trumps tariffs rattled major global...

Canada imposes retaliatory tariffs on US, sparking trade war
Canada imposes retaliatory tariffs on US, sparking trade war

Canada has announced retaliatory tariffs against the US, marking the start of a potential trade war between the neighbouring countries. Prime Minister Justin Trudeau introduced far-reaching tariffs of 25%, targeting $106.6 billion (86bn) worth of American goods, including items such as beer,...

Canada hits back US with retaliatory tariffs
Canada hits back US with retaliatory tariffs

Canada will retaliate against President Donald Trumps new tariffs with 25 percent levies on a raft of U.S. imports, Prime Minister Justin Trudeau said on Saturday, warning Americans that Trumps actions would have real consequences for them. As relations between the long-time allies who share the...

China condemns US tariffs and threatens countermeasures
China condemns US tariffs and threatens countermeasures

In reaction to the US imposing tariffs on Chinese goods, the Chinese Ministry of Foreign Affairs stated on Sunday that China strongly condemns and opposes the action, vowing to take appropriate countermeasures to protect its legitimate rights and interests. Chinas position is firm and...

Trump imposes tariffs on Mexico, Canada & China, risking trade war
Trump imposes tariffs on Mexico, Canada & China, risking trade war

US President Donald Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday, risking a new trade war that economists say could slow global growth and reignite inflation. Trump signed three separate executive orders on the tariffs...

'Canada is not for sale' hat goes viral after Trump threats
'Canada is not for sale' hat goes viral after Trump threats

Donald Trumps verbal threats towards Canada are paying off for one entrepreneur, after the new U.S. presidents belligerent approach gave him an idea. Liam Mooney, founder of an Ottawa-based design firm, made a hat emblazoned with Canada is Not for Sale in response to Trumps tariff threats and...

Indonesia welcomes its entry into BRICS bloc
Indonesia welcomes its entry into BRICS bloc

Indonesia welcomed Brazils announcement on Tuesday that it had become a full member of BRICS, a bloc of developing economies increasingly seen as a counterweight to the West. The Brazilian foreign ministry said in a statement on Monday that Southeast Asias most populous country shares with the...

Maldives strengthens ties with China; FTA set to take effect on January 1
Maldives strengthens ties with China; FTA set to take effect on January 1

The China-Maldives Free Trade Agreement (FTA) is set to come into effect on January 1, 2025, signaling a new chapter in the strategic partnership between the two nations. This milestone was announced during a special ceremony attended in person by Maldives Minister of Economic Development and Trade...

China’s Xi unlikely to attend Trump’s inauguration due to risks
China’s Xi unlikely to attend Trump’s inauguration due to risks

Chinese President Xi Jinping is unlikely to accept President-elect Donald Trumps invitation to attend his January 20 inauguration, with analysts citing significant political and diplomatic risks, reports AP. Trumps incoming press secretary, Karoline Leavitt, confirmed on Thursday that the...

Trump demands BRICS reject new currency or face 100% tariffs
Trump demands BRICS reject new currency or face 100% tariffs

US President-elect Donald Trump warned BRICS countries on Saturdayto avoid creating or backing a new currency that could replace the US dollar, or else face 100% tariffs, reports Reuters. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back...

Trudeau meets Trump to talk trade amid tariff threat
Trudeau meets Trump to talk trade amid tariff threat

Canadian Prime Minister Justin Trudeau met withUS President-elect Donald Trumpat the US president-electsMar-a-Lago estate in Florida on Friday. The meeting came days afterTrump said he would slap a 25% tariffon imports fromCanadaandMexico, until both countries clamped down on drugs, particularly...

Nobody will win in a trade war, warns Beijing after Trump vows to impose tariffs
Nobody will win in a trade war, warns Beijing after Trump vows to impose tariffs

Beijing on Tuesday has told Donald Trumpthat nobody will win in a trade war after the president-elect vowed to sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada, with additional tariffs on China. Trump accused China of failing to...