WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described “reciprocal” tariffs on friend and foe alike. The new tariffs — coming on what Trump has called “Liberation Day” — is a bid to boost U.S. manufacturing and punish other countries…
The EU is ready to mark 50 years of diplomatic relations with China by “deepening trade and investment cooperation”, its trade commissioner said in Beijing on Thursday, according to a Chinese readout. Maros Sefcovic made the remarks during a meeting with Chinese Vice-Premier He Lifeng, an account by Xinhua News Agency said. The meeting took…
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs. “If the European…
WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a…
WASHINGTON (AP) — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey. The European import tax, which was unveiled in response to steel and aluminum tariffs by the U.S. administration, is expected to go into effect…
BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index…
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters The European Union has reacted swiftly to U.S. President Donald Trump‘s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures…
For the first time since India became actively engaged in negotiating bilateral free trade agreements (FTAs) two decades ago, the country’s negotiators will have their hands full as the government has begun engaging with three major partners, the EU, the UK, and the US for early conclusion of FTAs. While the negotiations with the US…
Trump’s move also offsets a Monday win for carmakers when European Commission President Ursula von der Leyen announced leniency on this year’s EU emission targets, which the industry said would have cost billions. For years, German carmakers have used Mexico as a low-cost production hub. The country was “the perfect destination to produce cars” thanks…
US President Donald Trump speaks in the Roosevelt Room of the White House in Washington, DC, on March 3, 2025. Roberto Schmidt | Afp | Getty Images “Tariffs” may be the most beautiful word in the dictionary for U.S. President Donald Trump, but it is one that stokes fear in investors. Risk-on assets such as…