The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, President Donald Trump has said, cooling tensions with its 10th-biggest trading partner days before he could raise levies on most imports. Vietnamese goods will now face a 20 percent tariff, and any transshipments from third countries through Vietnam will face a…
Other carmakers including Volvo and Rivian reported a drop in sales on Wednesday. Tesla has reported another hefty drop in auto sales extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities. On Wednesday, the electric vehicle (EV) maker reported 384,122 deliveries in the second quarter, representing a…
‘The settlement does not include a statement of apology or regret,’ said Paramount. United States media giant Paramount has agreed to pay $16m to settle a lawsuit filed by President Donald Trump over the editing of a 2024 interview aired by CBS, its subsidiary. The payout announced on Wednesday will go towards Trump’s planned presidential…
The FBI has accused the pair of working on behalf of China’s Ministry of State Security to gather naval intelligence. The United States Department of Justice has charged two Chinese citizens for spying and trying to recruit from within the country’s military ranks. According to Tuesday’s statement, Yuance Chen, 38, and Liren “Ryan” Lai, 39,…
The world’s richest man and the US president have traded insults over Donald Trump’s tax cuts and spending bill. Tech billionaire Elon Musk has stepped up his criticism of United States President Donald Trump’s tax cuts and spending bill and renewed his call for a new political party. Musk’s criticism of Trump’s 940-page “Big, Beautiful…
Canada’s prime minister says trade talks with US will resume with decision to drop new levy. Canada has rescinded its digital services tax in a bid to advance trade negotiations with the United States, days after US President Donald Trump called off talks in retaliation for the levy. Canadian Prime Minister Mark Carney, in a…
The Republican-controlled Senate of the United States has voted to take President Donald Trump’s so-called “Big Beautiful Bill” into the next phase of discussion, making it more likely to pass in the coming days. The measure, which is Trump’s top legislative goal, passed its first procedural hurdle in a 51 to 49 vote on Saturday,…
As Canada pushes ahead with a new digital services tax on foreign and domestic technology companies, United States President Donald Trump has retaliated by ending all trade talks and threatened to impose additional tariffs on exports from Ottawa. In a post on his Truth Social platform on Friday, Trump called the new Canadian tax structure…
US president’s claim greeted with surprise as deaths spiral in Gaza and Israeli forces accused of more ‘war crimes’ for shooting starving people seeking food aid. United States President Donald Trump said he believes a ceasefire in Gaza between Israel and Hamas could be reached within a week. Trump came out with the surprise comment…
US president says Iranian supreme leader’s alleged ‘anger, hatred, disgust’ led him to drop work on sanctions relief. President Donald Trump has hit out at Ayatollah Ali Khamenei’s claim that Iran won its recent 12-day war with Israel, also saying the United States will “absolutely” bomb the country again if it pursues nuclear weapons. The…