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
LUXEMBOURG, April 7 – In the face of rising trade tensions with the United States, the European Union has signaled a clear preference for negotiations rather than retaliation. While preparing a set of targeted countermeasures, EU ministers meeting in Luxembourg agreed that dialogue should remain the primary course of action in response to the new … 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
April 4 – U.S. stock futures plunged on Friday morning, signaling further turbulence in the markets after China hit back with steep tariffs on American products. The retaliatory move deepened trade tensions and added fuel to concerns about a broader economic downturn. The Chinese Ministry of Finance revealed that starting April 10, all U.S. goods … 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