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…
Washington — President Trump officially began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his months-long tariffs threats was beginning to create visible damage to the U.S. economy. The White House said that starting just after midnight EDT, goods from more than 60 countries and the European Union…
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…
U.S. President Donald Trump has given Russian President Vladimir Putin a lot of rope over the past eight and a half years, but his patience now appears to be rapidly diminishing as he grows frustrated with Putin’s refusal to end Russia’s war in Ukraine. Trump cut short a 50-day deadline that he had given Russia…
Hong Kong flag carrier Cathay Pacific Airways has reported a 1.1 per cent year-on-year increase in its net profit for the first six months of 2025 to HK$3.65 billion (US$465 million), thanks to a resilient cargo business amid the US-China trade war, as it places a new plane order. The group announced on Wednesday that…
Nick Brown | August 5, 2025 China has fast-tracked authorization for 183 Brazilian coffee exporters as the 50% United States tariff on Brazilian goods begins to reshape global supply trade routes. The move comes as agriculture officials in Brazil across numerous sectors — including coffee, fish and mangoes — are set to negotiate for…
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 serve our national…
The White House took a step forward with President Trump’s plan to remake the trade landscape by releasing new details Thursday evening that included a raft of new tariff rates now formally authorized by executive order, which set new levels from 15% to 40% on over 70 countries. The move represents a giant shakeup in…
The United States is aiming for a possible extension of the tariff pause with China, US Trade Representative Jamieson Greer said in a television interview released on Sunday. Confronted by a CBS News journalist with claims from the Chinese side that the current deadline of August 12 would be postponed, Greer said: “That’s something we’re…
By John Revill ZURICH (Reuters) -The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Switzerland. Switzerland was left stunned on Friday after Trump…