[ad_1] Beijing: China said on Friday it would slap 34 percent tariffs on all imports of US goods from April 10 after Washington imposed steep new levies on Chinese products. “For all imported goods originating from the US, an additional tariff of 34 percent on top of the current applicable tariff rate will be imposed,”…
[ad_1] US President Donald Trump’s worldwide tariff salvo could lead to an overall contraction of around 1 percent in global merchandise trade volumes this year, the WTO chief warned Thursday. After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would “have substantial implications…
[ad_1] White Press Secretary after press briefing on Tariffs. Berlin: Germany warned Wednesday that trade wars hurt “both sides” as Europe’s biggest economy braces for US President Donald Trump to announce wide-ranging new “Liberation Day” tariffs. “The costs of a trade war do not fall on one side but can become expensive for both sides,”…
[ad_1] Canadian PM Mark Carney also highlighted his plan to fight unjustified trade actions against Canada. Ottawa: Canadian Prime Minister Mark Carney spoke with Mexican President Claudia Sheinbaum on Tuesday about Canada’s plan to “fight unjustified trade actions” by the United States, the prime minister’s office said. “With challenging times ahead, Prime Minister Carney and…
[ad_1] Washington, United States: Donald Trump loves few things more than talking about his affinity for tariffs, but it’s nothing new: he’s been saying the same thing for decades. “To me, the most beautiful word in the dictionary is ‘tariff,’” Trump repeatedly said on the campaign trail for the 2024 election. He has since joked…
[ad_1] New Delhi: Amid US President Donald Trump’s reciprocal tariff threats, Indian and US officials held talks in New Delhi this week to discuss trade issues, including tariff reduction and easing of non-tariff barriers. The two sides also decided to hold sectoral talks under the proposed bilateral trade agreement (BTA) in the coming weeks, India’s…
[ad_1] London: British Prime Minister Keir Starmer has discussed “progress” on a trade deal between the UK and United States in a phone call with President Donald Trump, Downing Street said on Monday. Late on Sunday the two leaders had a “brief discussion to update on progress made… in relation to the economic prosperity deal,”…
[ad_1] US President Donald Trump on Tuesday said that Canada is “one of the nastiest countries to deal with” as trade tensions between the two historically friendly countries continue to escalate. The trade war started with the US imposing tariffs on Canada, which in turn slapped retaliatory tariffs, with Canadians even boycotting US products. Speaking…
[ad_1] New Delhi: India and New Zealand on Sunday announced resumption of negotiations for a proposed free trade agreement, after it was stalled in 2015. India and New Zealand began negotiating the Comprehensive Economic Cooperation Agreement (CECA) in April 2010 to boost trade in goods, services, and investment. However, after nine rounds of discussions, the…
[ad_1] LA MALBAIE: Diplomats from the G7 nations reached a deal on a joint statement aimed at showing unity on Friday after weeks of tension between US allies and President Donald Trump over his upending of Western trade, security and Ukraine-related policy, three G7 officials said. The diplomats said the statement, an all-encompassing document touching…
