The United States and China are in a trade war face-off. The US exported $143bn worth of goods to China in 2024 and has a trade deficit of $295bn. To curb that, President Donald Trump has ratcheted tariffs up to a never-before heard of 145 percent on China, which has retaliated with 125 percent taxes…
United States President Donald Trump has threatened new tariffs on Chinese electronic goods, three days after his administration announced exemptions on smartphones, laptops, flash drives and a host of other tech products from levies he has announced since April 2. Those exemptions provided relief to US tech companies reliant on Chinese manufacturing, like Apple and…
The US president says there are no tariff exemptions for electronic items, but that they fall under a separate category. US President Donald Trump has said that no one is “getting off the hook” after he appeared to dial down the pressure on China slightly by listing tariff exemptions for electronic products for which Beijing…
Beijing to challenge Washington before the WTO, saying the Trump administration to blame for the global economic ‘turbulence’. China has announced it would raise tariffs on all United States goods to 125 percent, further deepening a trade war between the world’s two largest economies. “The US’s imposition of abnormally high tariffs on China seriously violates…
US stocks sunk on Thursday, giving back some of the huge gains that followed President Donald Trump’s decision to temporarily lower his sweeping tariffs on dozens of countries, as investors assessed the status of his global trade war. Trump’s sudden decision on Wednesday to freeze most of his hefty new duties for 90 days brought…
United States President Donald Trump on Wednesday paused steep tariffs on America’s trading partners barring China, instead imposing a blanket 10 percent tariff on goods imported from these nations and territories. The 90-day pause came within 24 hours of the duties taking effect. The pausing of most additional tariffs, which had roiled the stock market,…
A steep 84 percent tariff on all United States goods entering China has kicked in, ratcheting up a trade war with Washington while calling for a dialogue “on the basis of mutual respect and equality”. The new rate – a 50 percent hike on Beijing’s previous 34 percent levy on US goods – took effect…
On April 2, 2025, President Donald Trump declared a 10 percent tariff on all imports, effective on April 5, with additional country-specific tariffs set to commence on April 9. The announcement sent shockwaves through the global economy, triggering the worst two-day loss in United States stock market history. On Thursday and Friday alone, $6.6 trillion…
Washington, DC – With the clock ticking for additional United States tariffs to be placed on goods from China, President Donald Trump has said he is waiting for a call from Beijing to defuse a growing trade war. After a phone call with South Korea’s acting president, Han Duck-soo, on Tuesday, Trump said South Korean…
The tariffs have been widely criticised around the world for threatening to push the global economy into a recession. More than 50 countries have directly contacted the White House to initiate trade talks following US President Donald Trump’s imposition of wide-ranging punitive tariffs, administration officials have said. The tariffs, which caused a nearly $6 trillion…