Indian garment exporters reel under US tariffs
When Donald Trump was elected, Indian garment exporter RK Sivasubramaniam thought the new US president would boost business and invested heavily in anticipation of a boom...
Tags : US tariffs
Sharp drop in German factory output stokes recession fears
German industrial production fell more sharply than expected in August, data showed Wednesday, reviving fears of a recession in Europe鈥檚 largest economy as it reels from US tariffs...
Italy working hard to prevent extra US tariffs on pasta
Italy has appealed to Washington and the European Commission in an attempt to dissuade the US from imposing a punitive tariffs on pasta imports, a deeply unpopular measure among producers...
Nike shares rally on progress in turnaround
Nike reported a surprise increase in quarterly sales Tuesday, pointing to progress on a turnaround as it forecast a bigger cost hit from US tariffs...
South Korea posts record semiconductor exports
South Korea recorded its highest ever semiconductor exports in September, official data showed Wednesday, despite growing pressure from US tariffs and other restrictions on the crucial sector...
RMG exporters seek clarity on US tariffs
Bangladesh鈥檚 readymade garment exporters have sought detailed clarification and an implementation mechanism regarding a recent United States executive order that allows a 20 per cent reciprocal tariff on Bangladeshi goods to be reduced if at least 20 per cent US-origin content or raw materials are used...
Taiwan plans $18b for 鈥榬esilience鈥� to tariffs, China
Taiwan鈥檚 government plans to spend $18 billion on strengthening the island鈥檚 鈥榬esilience鈥�, including helping industries hit by US tariffs and boosting its defences against Chinese threats, the cabinet said Thursday...
Bangladesh can gain add鈥檒 $2b export orders
Bangladesh can gain additional $1.2-$2.32 billion worth of export orders in the 2025-26 financial year shifted from India and China due to higher tariffs imposed on these countries by the Trump administration.
50pc US tariffs on Indian goods take effect
US tariffs of 50 per cent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil...
Modi dangles tax cuts as US tariffs loom
Indian prime minister Narendra Modi鈥檚 push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say...
PlayStation prices rise as US tariffs bite
Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a 鈥榗hallenging economic environment.鈥�...
US tariffs drown Brazil鈥檚 fish industry
When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Their final destination is now uncertain because of US President Donald Trump鈥檚 stiff tariffs...
Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp鈥檚 shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US president Donald Trump鈥檚 tariff onslaught...
India and China eye resumption of border trade
India and China are discussing resuming border trade five years after it was halted, foreign ministry officials on both sides have said, as US tariffs disrupt the global trade order...
BoE cuts rate as keeps watch over tariffs
The Bank of England on Thursday cut its key interest rate by a quarter point to four per cent, the lowest level in 2.5 years, as it bids to boost a UK economy still threatened by US tariffs...
Honda Q1 profit hit by tariffs, but lifts annual outlook
Japanese car giant Honda said Wednesday its net profit halved in the first quarter because of US tariffs, but upgraded its annual profit forecast after Tokyo finally hammered out a trade deal with Washington.
Indian exporters say 50pc US levy a 鈥榮evere setback鈥�
Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses 鈥榥ot viable鈥� after president Donald Trump ordered steeper levies totalling 50 per cent on imported Indian goods...
Higher US tariffs kick in for dozens of trading partners
The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of president Donald Trump鈥檚 drive to reshape global commerce in America鈥檚 favour...
Steeper US tariffs take effect on many Brazilian goods
US tariffs on many Brazilian products surged Wednesday, as president Donald Trump moved ahead with a pressure campaign against the trial of his right-wing ally Jair Bolsonaro...
South Africa eyeing new markets after US tariffs
South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-per cent trade tariffs, which could cost around 30,000 jobs, officials said Monday...
S African farmers on the frontline of US tariff hikes
As winter clouds gathered above South Africa鈥檚 prime wine-producing Robertson valley, the mood has been sombre ahead of new US tariffs of 30 per cent due to come into force next week.
HSBC banks lower profits on higher costs
Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was 鈥榳ell positioned鈥� to deal with the effects of US tariffs...
EU, Japan vow joint push for 鈥榝air鈥� global trade
The EU and Japan pledged on Wednesday to work together on championing a 鈥榝ree and fair鈥� trade global system, as US tariffs and disputes with China rattle their economies...
General Motors profits fall
Auto giant General Motors reported lower second-quarter profits Tuesday following a $1.1 billion hit from US tariffs but confirmed its full-year forecast...
Japan PM hangs on after election debacle
Japanese prime minister Shigeru Ishiba clung on Monday even after an election debacle left his coalition without a majority in the upper house, as painful new US tariffs loom...
US tariffs help push Jeep owner Stellantis into big loss
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact of new US tariffs and took a massive charge following a change in US laws...
Impact of US tariffs varies across European Union
European countries are not all equally exposed to the US market and so will not suffer the same consequences should president Donald Trump go ahead with his threats to impose 30-per cent tariffs on the European Union...
BASF cuts 2025 outlook on impact of US tariffs
German chemical giant BASF said Friday its profits had fallen in the second quarter of 2025 and slashed its outlook for the year as US tariffs weighed on global economic activity...
Strategic role of copper threatened by US tariffs
US president Donald Trump鈥檚 announcement to impose 50-per cent tariffs on copper imports has roiled the strategic metal on markets...
US tariffs to kick in on Aug 1, barring trade deals
US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday.
