WASHINGTON, April 28 – As Elon Musk wraps up his highly visible role within the Trump administration, he is setting the stage for a new, equally influential position: a major financial backer for Republicans in the upcoming midterm elections. According to individuals familiar with the discussions, Musk, who recently scaled back his official duties at the … Read more
Hong Kong/Washington – In a move that could reshape the trajectory of U.S-China trade relations, President Donald Trump has indicated that the steep tariffs imposed on Chinese goods may be significantly reduced. Speaking at the White House on Tuesday, Trump acknowledged that while the current tariffs peaking at around 145%—are extremely high, they are not … Read more
LONDON, April 9 – In a striking move that marks a shift in U.S trade policy, President Donald Trump has turned his attention to the pharmaceutical sector, signaling the possibility of imposing tariffs on imported prescription drugs. These medicines had previously been shielded from trade wars due to the vital role they play in public … Read more
BEIJING, April 4 – In a bold countermeasure to escalating tensions with Washington, China announced today that it will impose a steep 34% tariff on all goods imported from the United States, effective April 10. This move marks a significant escalation in the ongoing trade dispute triggered by recent actions from President Donald Trump, who … Read more
Washington/Beijing/Brussels, April 3 – The global economy was thrown into turmoil following President Donald Trump’s sweeping decision to impose tariffs on U.S. imports. The move has sparked intense reactions from major economies, with threats of retaliation mounting as businesses and governments scramble to assess the financial impact. On Wednesday, Trump announced a 10% baseline tariff … Read more
April 2 – President Donald Trump unveiled a sweeping tariff package on Wednesday, introducing reciprocal tariffs against more than 180 countries. The announcement, made from the White House Rose Garden, marks one of the most significant trade measures in decades. Trump described the tariffs as “kind” but emphasized that they still do not fully match … Read more
WASHINGTON/TOKYO/BERLIN, March 27 – The latest decision by U.S. President Donald Trump to impose a 25% tariff on imported vehicles has triggered strong reactions from global leaders, intensifying tensions in an already fragile international trade environment. The move, set to take effect on April 3, is aimed at addressing the widening U.S. trade deficit, but … Read more
WASHINGTON/HOUSTON, March 24 – President Donald Trump has declared a new trade policy targeting Venezuela, stating that any country purchasing oil or gas from the South American nation will face a 25% tariff when engaging in trade with the United States. The announcement, made on Monday via Truth Social, is part of Trump’s broader strategy … Read more
Washington/Mexico City/Ottawa, March 6 – The United States has decided to grant Mexico a temporary exemption from the 25% tariffs that President Donald Trump imposed earlier this week. This exemption, which will last for one month, applies to goods covered under the United States-Mexico-Canada Agreement (USMCA). However, no similar relief has been announced for Canada … Read more
WASHINGTON, March 4 – The United States has officially launched a new wave of tariffs targeting its three largest trading partners—Canada, Mexico, and China—sparking global economic tensions and concerns over inflation. The newly imposed 25% tariffs on imports from Canada and Mexico, along with a sharp increase in tariffs on Chinese goods to 20%, came … Read more