Donald Trump says the United States will move to impose sanctions on Russia on the condition that all NATO countries stop buying Russian oil and set tariffs of 50 to 100 per cent on China. In a Truth Social post on Saturday, the US president said he was ready to hit “go” on energy sanctions…
When Trump visited Scotland in July, he said a reduction in his tariffs on U.K. steel and aluminum would come “pretty soon.” But five months after the May deal was signed, the U.K. is still lobbying U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick to get the White House to put those quotas…
A recent discussion paper floated by the Danish presidency of the Council of the EU, seen by POLITICO, explored whether capitals would be open to imposing tariffs on Moscow as part of the bloc’s 19th sanctions package. That idea, according to several diplomats briefed on the talks, won little traction among ministers when it was…
The surprisingly candid comments contradict the stance of European Commission President Ursula von der Leyen, who has insisted the unbalanced pact, which set a 15 percent base tariff on European exports, had nothing to do with maintaining U.S. President Donald Trump’s support for Ukraine. “There is no linkage between the two,” von der Leyen said during…
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…
The warming of ties between India and China appears to be accelerating. Both burned by US President Donald Trump’s tariffs on their exports, the world’s most populous nations took a major step last week to move beyond a deadly 2020 border clash by agreeing to redouble efforts to settle such disputes, which date back to…
Intel posted details of the plan soon afterward, saying the administration would make an $8.9 billion investment in Intel common stock, paid for with the CHIPS grant money. The company said the stake would be funded with $5.7 billion in grants previously awarded but not yet paid, and $3.2 billion from a separate Defense Department program. It said…
South Africa will offer a “generous” new trade deal to the United States on Tuesday to avoid 30-percent tariffs, government ministers said. US President Donald Trump meets with South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, DC, on May 21, 2025.(AFP) Washington on Friday slapped the huge tariff…
Demonstrations in Tel Aviv attracted more than 100,000 protesters demanding an immediate end to the military campaign and the release of the hostages, the Guardian reported, citing the organisers. Netanyahu has said the expanded military operation “will help free our hostages,” though most of the hostages who have been freed emerged as a result of…
US Trade Representative Jamieson Greer sounded a cautiously optimistic note on discussions with China on rare earth flows, following trade talks that further steadied ties between the economies. Greer said the key industrial components were a focus of negotiations in Stockholm last week that Beijing said led to an extension of their tariff truce. Without…