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Washington: US President Donald Trump on Monday said he would impose a 25 per cent tariff on countries that buy oil and gas from Venezuela, a punitive measure that could hit Asian markets including China and India, among others, and sow fresh global trade uncertainty. “Venezuela…
Washington: US President Donald Trump on Thursday delayed some tariffs targeting Canada and Mexico — leading Ottawa to halt an upcoming wave of countermeasures — in moves that bring reprieve to companies and consumers after blowback on financial markets. Stock markets tumbled after Trump’s duties of…
Washington DC: US President Donald Trump on Friday announced that he will soon impose reciprocal tariffs on countries like India and China, asserting that the United States will charge the same tariffs these nations impose on American goods. Trump said, “We will soon impose reciprocal tariffs…
Washington: The United States and China have officially kicked off a trade dispute that could either be a short-lived skirmish or a prolonged and painful trade war. The conflict began when the US imposed a 10% tariff on all Chinese goods, prompting China to retaliate with…
Washington: Donald Trump’s stance on tariffs has fuelled disagreement, with the president claiming that anyone opposing his tariff plans is “controlled by China, or other foreign or domestic companies”. This assertion came after Trump announced a 25% tariff on Canadian and Mexican imports, along with an…
New Delhi: Equity benchmark indices Sensex and Nifty tumbled in early trade and the rupee hit a record low of 87.29 against the US dollar on Monday after President Donald Trump imposed massive tariffs on Canada, China and Mexico over the weekend, sparking fears of a…
US President Donald Trump indicated Sunday that he would not immediately impose tariffs on Britain, as he suggested that the European Union could be in line for levies like those imposed on Canada, Mexico and China. Trump has already launched a full-fledged trade war on the…
US President Donald Trump on Saturday ordered 25 per cent tariffs on Canadian and Mexican imports and 10 per cent on goods from China, citing a “major threat” by “illegal aliens” and drugs, a move that invited retaliation from Ottawa and Mexico City. Top Points On…
Washington: President Donald Trump’s tariffs will have a major ripple effect on American households, and drastically lower the purchasing power of poor households, as noted by the Congressional Budget Office. Trump’s tariffs could add an extra $830 tax this year on the average US household as…
President Donald Trump will implement tariffs Saturday on the three largest US trading partners — Canada, Mexico and China — saying there was nothing they could do to forestall him while vowing further levies on various industries. Trump has reiterated his plans for 25 percent tariffs…