The tit for tat between the United States of America (USA) and China continues. In continuation with the same, China has announced an export ban on 12 American companies. In a statement, China’s Ministry of Commerce, said, “In accordance with the relevant provisions of the Export Control Law of the People’s Republic of China and…
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…
US President Donald Trump ruled out any trade agreement with China unless the US trade deficit with the country — which he claims exceeds $1 trillion — is resolved. “We have a $1 trillion trade deficit with China,” Trump told reporters aboard Air Force One. “Hundreds of billions of dollars a year we lose to…
If it wasn’t for the reciprocal tariffs the United States imposed on China last week, a deal to sell TikTok would have been final, said President Donald Trump on Sunday while he was aboard Air Force One. US President Donald Trump speaks to reporters while in flight on Air Force One, en route to Joint…
Hong Kong businesses are expected to feel the bite from Washington’s 34 per cent reciprocal tariff, with the United States being the city’s second-largest export market, accounting for US$37.9 billion in merchandise in 2024. Beijing, meanwhile, has also hit back with a 34 per cent tariff on imported American goods in addition to existing duties,…
The United States markets are reeling from the shock of the reciprocal tariffs announced by President Trump on April 2. The markets are reportedly going through their worst crash since Covid, with Wall Street going into a free fall for the second day straight. The losses caused by the market plunge following Donald Trump’s ‘Liberation…
Hello readers! Volatility across financial markets jumped on Friday, with Wall Street’s top ‘fear gauge’ soaring to an eight-month high while other market indicators showed growing investor concerns about the ripple effect of President Donald Trump’s sweeping levies. Meanwhile Trump said that big business is not worried about tariffs because they know they are here…
Washington: US President Donald Trump on Wednesday imposed sweeping tariffs that target key economic partners, escalating global trade tensions. China faces a 34 per cent tariff, the European Union 20 per cent, and India a 26 per cent “discounted reciprocal tariff.” The affected sectors span automobiles, dairy, steel and electronics. Trump’s trade battles are not…
Trump has labelled April 2 “Liberation Day”, insisting that the levies will free the United States from its reliance on foreign goods. Here are 10 points on this big story: On Sunday, the US president appeared to substantially expand his tariff plans, insisting that “all countries” would be targeted. “You would start with all countries,…
Supply Lines is a daily newsletter that tracks global trade. . President Donald Trump will announce his reciprocal tariff push on Wednesday during an event in the White House Rose Garden, his top spokeswoman said. White House Press Secretary Karoline Leavitt said Monday the announcement would feature “country-based” tariffs. She said the president is also “committed…