WASHINGTON (AP) — As President Donald Trump tries to turn his global trade war into a one-on-one showdown with China, he is finding that he has alienated some key U.S. partners who could boost America’s position in a fight between the world’s largest and second-largest economies. For more than a decade, American leaders, including Trump,…
European Union officials had just approved retaliatory levies of 10 to 25 percent on about $23 billion of American imports when President Trump abruptly changed tack on Wednesday, announcing that he would hit pause on some of the tariffs he had placed on Europe and much of the rest of the world. Mr. Trump’s announcement…
TAIPEI, Taiwan (AP) — China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it’s meeting only partial success with many countries unwilling to ally with the main target of…
WASHINGTON (AP) — The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic…
US President Donald Trump The TOI correspondent from Washington : MAGA supremo Donald Trump claimed on Tuesday that many countries are calling him and “kissing my ass… dying to make a deal” after he unleashed a new tariff regime that by all accounts is starting to derail global trade and devastate economies worldwide, including in…
US President Donald Trump’s senseless trade war has sparked a sell-off that wiped trillions of dollars off global bourses and led to concern the global economy would tip into recession. Mainland China and Hong Kong stock markets have received welcome support from Beijing’s sovereign wealth fund to soothe rattled investors who saw their net worth…
Optimists always say that with every challenge comes new opportunities. But with the economically illiterate US President Donald Trump single-handedly unleashing a new dawn of American protectionism, sending stock indices falling and world markets into a tailspin, things are looking bleak and may get worse. Maybe there’s a bright side to focus on, however. For…
The European Union is responding to President Trump’s sweeping trade war with a handshake and a punch: It is promising the administration potential wins while also preparing its own retaliatory tariffs on American products starting next week. The questions are whether the enticements are enough, and whether a show of strength could backfire. “Europe can…
BEIJING (AP) — China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports. The Commerce Ministry statement said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a…
Donald Trump said on Monday that he would not pause his tariff agenda, which had sent global markets into a tailspin, raised fears of a global recession, and prompted several countries to call for negotiations. U.S. President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White…