U.S. President Donald Trump extended a tariff truce with China by another 90 days on Monday, a White House official said, staving off triple-digit duties on Chinese goods as U.S. retailers prepared for the critical end-of-year holiday season. Trump signed an executive order delaying the start of higher tariffs until mid-November shortly after giving reporters…
US Vice-President J.D. Vance said on Sunday that President Donald Trump is “thinking” about slapping new tariffs on imports from China in response to the country’s purchases of Russian oil. Vance was asked in a Fox News interview whether Trump would move against Beijing as he did against New Delhi last week, when the president…
White House Trade Adviser Peter Navarro explained on Thursday why the United States targeted India with a 50% tariff for buying Russian oil and not China, even though the latter buys more oil than India. “They [China] have not been targeted for that. So why is India having these tariffs?” the reporter asked. In response,…
US President Donald Trump on Thursday said a lot more secondary sanctions are upcoming, after he was asked why India was singled out for penalties over doing business with Russia. U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C.(REUTERS) During a press conference at the White House, Trump…
President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on all Indian goods entering the US, carrying out his threat made a day ago to penalise New Delhi’s continued purchases of Russian oil. Trump’s additional 25% tariff followed after over a week of criticism focused on New Delhi’s continued purchases…
WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia. “China will always ensure its energy supply in ways that…
MOSCOW (Reuters) -U.S. President Donald Trump‘s demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India, the world’s third largest oil importer, has become the biggest buyer of Russian oil…
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a press conference in Stockholm following two days of trade talks with China. Although no breakthrough had been achieved, both sides agreed to work toward extending their 90-day tariff truce. During the briefing, Bessent warned that China could be subject to high US tariffs…
By David Lawder STOCKHOLM (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty. Wrapping up two days of U.S.-China trade talks in Stockholm, Bessent…
President Donald Trump just tossed another curveball into the global trade arena and this time, it’s aimed at anyone still doing business with Russia. Trump floated the idea of slapping 100% tariffs on Russia unless a peace deal is reached within 50 days. But that’s not where the real pressure lies. According to the U.S….