[ad_1] Washington: Stocks slumped, bonds surged, and gold hit a new high as markets braced for the impact of US President Donald Trump’s sweeping reciprocal tariffs on Thursday. Trump announced a baseline 10 per cent tariff on all imports with far higher levies on some trading partners, particularly in Asia. US stock futures were under…
[ad_1] New Delhi: Escalating a global trade war, US President Donald Trump unleashed a barrage of reciprocal tariffs to match duties put on US goods by other countries. The American commander-in-chief said he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on some of the…
[ad_1] Washington: As dawn broke over the Mexican-US border on US President Donald Trump’s “Liberation Day,” Raul Hernandez steered his semi-trailer carrying Toyota pick-up trucks towards California, worried how tariffs would affect him. If Trump goes ahead with his plan to impose sweeping import duties and manufacturers move their plants to the United States, many…
[ad_1] Jerusalem: Israel announced the elimination of all tariffs on imports from the United States, Israel’s Prime Minister’s Office and the finance and economy ministries said in a joint statement. The reduction is largely seen as a diplomatic and political gesture rather than an economic one, as a 40-year-old free trade agreement between Israel and…
[ad_1] Washington: Markets worldwide fluctuated on Tuesday as investors braced for US President Donald Trump’s sweeping “Liberation Day” tariff announcements, hoping they would free businesses from the trade-policy uncertainty that has weighed on markets for weeks. President Trump is set to unveil “reciprocal tariffs”, aligning US duties with those of other nations, on Wednesday afternoon…
[ad_1] Washington: US President Donald Trump’s raft of “Liberation Day” tariffs will take effect immediately after he unveils them on Wednesday, White House Press Secretary Karoline Leavitt said. “My understanding is that the tariff announcement will come tomorrow, they will be effective immediately,” Leavitt told reporters on Tuesday, adding she had just spoken to Trump…
