The United States is set to double tariffs on imported steel and aluminum starting Wednesday, marking a significant escalation in President Donald Trump’s ongoing trade war. The White House released an official order signed by Trump, increasing the levies on both metals from 25% to 50%, a move aimed at protecting domestic industries from what…
In a major development on the global trade front, U.S. President Donald Trump is expected to announce a trade agreement with the United Kingdom today, according to reports from The New York Times and Politico. The announcement is slated for 10:00 AM (1400 GMT) during a press conference in the Oval Office, where Trump has…
China’s manufacturing sector took a hit in April as factory activity contracted more than expected, adding fresh pressure to an already struggling economy. According to official data released Wednesday by the National Bureau of Statistics (NBS), the Purchasing Managers’ Index (PMI) dropped to 49.0, falling below the key 50-point threshold that separates growth from contraction….
In a day marked by high-stakes economic maneuvering between the world’s two largest economies, former U.S. President Donald Trump reignited the U.S.-China trade war with a dramatic escalation in tariffs, even as he extended an olive branch to other countries caught in the crossfire. On Wednesday, tensions between Washington and Beijing flared once again as…
President Donald Trump has taken a bold step in reshaping U.S.-China trade once again—this time by sharply increasing tariffs on small packages coming from China, a move that could significantly disrupt the flow of low-cost goods popular on platforms like Shein and Temu. In a newly signed executive order, Trump announced that the duty on…
In a move that signals a dramatic shift in America’s approach to global trade, U.S. customs agents began enforcing President Donald Trump’s sweeping new tariff policy early Saturday. A 10% tariff on imports from a wide range of countries is now in effect, marking a decisive break from the post-World War II system of negotiated…
In a surprising shift following global criticism, the United States has scaled back planned tariff hikes on several small territories, including two French overseas regions that were initially facing steep import duties. Earlier this week, the Trump administration announced aggressive tariffs on a number of countries and territories as part of its sweeping new trade…
After a five-year hiatus, South Korea, China, and Japan resumed economic dialogue on Sunday, aiming to strengthen regional trade ties as they brace for the impact of new U.S. tariffs. The high-level meeting, attended by trade ministers from the three economic powerhouses, focused on advancing negotiations for a trilateral free trade agreement (FTA) and enhancing…
In a move set to escalate global trade tensions, President Donald Trump is expected to announce tariffs on auto imports this Wednesday, according to the White House. The decision comes as part of his administration’s broader strategy to impose levies on major trading partners, including Canada, Mexico, and China, in a bid to rectify what…
US President Donald Trump has once again urged the Federal Reserve to lower interest rates, arguing that such a move would help counterbalance the economic impact of his tariff policies. His latest call for action came on Wednesday night via Truth Social, just hours after the Fed decided to keep rates unchanged while lowering its…
