United States President Donald Trump has unleashed a trade war by imposing “reciprocal tariffs” on about 90 countries across the globe. After temporarily dropping the new tariffs to 10 per cent for 90 days on April 9 to allow trade negotiations with those countries, he hit China harder and raised the levy on Chinese imports…
The US government has excluded smartphones, computers and other electronics from its reciprocal tariffs, potentially sparing consumers from price hikes, Bloomberg reported. The move that was announced late on Friday by US Customs and Border Protection, benefits tech giants like Apple and Samsung. The report further stated that it narrows the scope of Trump’s trade…
United States President Donald Trump has unleashed a trade war by imposing “reciprocal tariffs” on about 90 countries across the globe. After temporarily dropping the new tariffs to 10 per cent for 90 days on April 9 to allow trade negotiations with those countries, he hit China harder and raised the levy on Chinese imports…
New Delhi: China on Friday said it would raise tariffs on US goods to 125 per cent from 84 per cent, hours after President Xi Jinping urged the European Union to join hands with Beijing in resisting “unilateral bullying”, referring to the massive tariffs imposed by President Donald Trump. The new levy, which will come…
Hong Kong shippers and trading groups have urged exporters not to dump shipments mid-voyage to avoid crushing tariffs by the White House, saying the “irrational” move would incur huge costs while tarnishing the reputation of the company involved and the country. They made the calls on Thursday as the Post reported a case of a…
Wall Street stocks were back in free fall on Thursday. Washington: Wall Street stocks were back in free fall Thursday after the prior session’s mammoth rally as markets gyrated amid rising worries about a US trade war and US recession. Near 1630 GMT, the S&P 500 was down about six percent, with the Dow off…
Washington: US President Donald Trump’s steep tariff hike targeting Chinese goods, which took effect Thursday, brings Washington’s additional rate on many products to 145 percent, the White House confirms. Trump’s 90-day halt in fresh duties for dozens of countries has come into place, a White House order showed. But he has also doubled down by…
Hong Kong Chief Executive John Lee Ka-chiu delivers a speech during a conference organized by the Hong Kong Federation of Overseas Chinese Associations at Wan Chai in the city, April 10, 2025. (ADAM LAM /CHINA DAILY) HONG KONG – Chief Executive John Lee Ka-chiu on Thursday urged overseas Chinese living in Hong Kong to stand…
Fashion stocks rallied on Wednesday afternoon after President Donald Trump announced a 90-day pause on most reciprocal tariffs, with one notable exception: China, which was hit with a tariff increase to 125 per cent, from 104 per cent. The markets have been waiting with baited breath for a sign that Trump was willing to negotiate….
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 –…