In a dramatic twist during an already volatile trade showdown, US President Donald Trump heaped praise on Chinese President Xi Jinping, calling him “one of the smartest people in the world” even as both Washington and Beijing lobbed escalating economic threats at each other. The tensions flared further when Trump executed a stunning volte-face –…
Beijing: China and the United States moved towards an all-out trade war on Tuesday after US President Donald Trump imposed an astounding 104 per cent in tariffs across all Chinese imports. Locked in a high-stakes game of brinkmanship, both nations refused to back down, with Beijing vowing to fight against America’s aggression “to the end.”…
Washington: Donald Trump has followed through on his threat of “additional 50 per cent tariffs” on China starting Wednesday. The White House announced that this will make America’s new tariff on China an unprecedented 104 per cent. President Trump had given China 24 hours to roll back or “withdraw” the retaliatory 34 per cent tariff…
How do you deal with a bully? If you are China, you stand up to your bully, vowing that it will “fight to the end”. On Monday (April 7), signs of an all-out trade war loomed between the US and China after President Donald Trump threatened Beijing with another 50 per cent tariff unless it…
Washington: Donald Trump has announced an additional 50 per cent tariff on China less than 48 hours after Beijing announced a tit-for-tat 34 per cent tariff on the United States, which Trump had declared a day earlier as part of his reciprocal tariff order. This now takes US’ tariff on all Chinese goods to an…
WASHINGTON — Across-the-board 10% tariffs on nearly all imports — one-half of President Donald Trump’s “Liberation Day” tariffs — went into effect early Saturday, amid continued economic fallout from Trump’s plan. More severe tariffs on imports from several dozen countries — including a 34% tax on Chinese goods and a 20% tax on European Union…
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…
In 2016, Jeff Bezos hit out at Donald Trump saying that ‘a confident leader would embrace scrutiny’. US President Donald Trump has “grown” significantly since his first term in office, Amazon founder Jeff Bezos opined. Speaking at the recent New York Times Deal Book Summit, Bezos discussed the shift in his dynamic with Trump, with…
WASHINGTON — President Donald Trump announced on Wednesday plans to slap 25% tariffs on all imported cars, escalating a global trade war just weeks after previous tariffs touched off a market rout and triggered concern about a possible recession. “I think our automobile industry will flourish like it hasn’t before,” Trump said. The auto tariffs…
US President Donald Trump has announced a 25 per cent tariff on overseas auto imports, which is expected to impact Indian companies such as Tata Motors, Eicher Motors, Sona BLW, and Samvardhana Motherson. Cars wait to be loaded onto the Eco Napoli, a hybrid Ro-ro ship built by Jinling Shipping in Nanjing for the Grimaldi…