TOKYO/WASHINGTON, July 22 – U.S. President Donald Trump has finalized a wide-reaching trade agreement with Japan, slashing tariffs on automobile imports and averting additional duties on other Japanese goods. The agreement includes a staggering $550 billion investment package from Japan, aimed at bolstering the U.S. economy and reinforcing economic cooperation between the two countries. Announced … Read more
WASHINGTON, July 15 – President Donald Trump on Tuesday announced the implementation of a 19% tariff on imports from Indonesia. The measure is part of a broader strategy to recalibrate trade relationships with several countries, particularly those contributing to the persistent U.S. trade deficit. Alongside this announcement, Trump hinted at additional agreements in the pipeline … Read more
BEIJING, July 14 – China’s exporters accelerated shipments in June, aiming to get ahead of the upcoming U.S. tariff hikes set to take effect in August.. As the window to take advantage of a temporary tariff truce narrows, manufacturers are racing to get goods across the Pacific and to nearby markets, especially in Southeast Asia, … Read more
MEXICO CITY/WASHINGTON, July 12 – President Donald Trump has announced a new round of tariff threats targeting imports from both Mexico and the European Union. The proposed tariffs, set at 30%, are scheduled to take effect on August 1. This decision comes after extended negotiations failed to deliver comprehensive trade agreements with these long-standing partners. … Read more
BRUSSELS, May 26 — Recent developments in U.S-EU trade relations signal renewed hope for progress, as a weekend phone conversation between U.S. President Donald Trump and European Commission President Ursula von der Leyen revived negotiations that had been teetering on the edge of breakdown. The exchange, initiated by von der Leyen, led to the withdrawal … 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
SINGAPORE/LONDON, April 11 – Global financial markets closed the week in disarray as a storm of escalating trade hostilities between the United States and China rattled investor confidence, sending stocks on a volatile rollercoaster and causing the dollar to nosedive. Friday saw a frenzied end to a turbulent week as investors scrambled to reposition themselves … Read more
WASHINGTON, April 9 – In an abrupt policy reversal that sent shockwaves across financial markets, President Donald Trump announced on Wednesday evening that he would temporarily ease the sweeping tariffs he imposed just a day earlier on dozens of U.S. trading partners. The unexpected shift came after a dramatic bout of market volatility triggered deep … 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 / BRUSSELS / WASHINGTON, April 9 – A new chapter in the escalating global trade standoff unfolded today as China retaliated forcefully against sweeping U.S. tariffs initiated by President Donald Trump. Beijing announced that it would raise tariffs on U.S. goods to a staggering 84%, up sharply from the previously announced 34%, setting the … Read more