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Tags : tariff


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Trump to set unilateral tariffs within weeks

President Donald Trump plans to inform trading partners of unilateral US tariff rates in the coming weeks, as a July deadline approaches for steeper levies to kick in on dozens of economies...

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Trump to double steel, aluminum tariffs to 50pc

US president Donald Trump said Friday that he would double steel and aluminum import tariffs to 50 per cent from next week, the latest salvo in his trade wars aimed at protecting domestic industries...

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US trade court blocks Trump’s tariffs

A US federal court blocked most of President Donald Trump’s sweeping tariffs from going into effect, boosting markets on Thursday even as the White House appealed against the decision by ‘unelected judges.’

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Collateral damage and Trump’s tariff

BY THE time Washington and Beijing released their latest joint statement on May 12 — ostensibly pressing pause on a spiralling tariff war — much of the world exhaled in cautious relief. But beneath the performative diplomacy and sterile communiqués, a quieter suffering has gone largely unheard. For the world’s most vulnerable economies, the damage is neither...

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Trump delays EU tariffs until July 9

US president Donald Trump said on Sunday that he would pause his threatened 50-per cent tariffs on the European Union until July 9, after a ‘very nice call’ with European Commision president Ursula von der Leyen...

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Walmart warns of higher prices due to tariffs

Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over president Donald Trump’s tariffs...

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Honda forecasts 70pc net profit drop

Japan’s Honda Motor on Tuesday forecast a 70 per cent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry...

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Unemployment in UK highest since 2021

Britain’s unemployment rate has reached the highest level since August 2021, official data showed Tuesday, with businesses facing a UK tax hike and US tariffs...

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Nissan posts $4.5b annual net loss

Japan’s Nissan posted an annual net loss of $4.5 billion on Tuesday while saying it plans to cut 15 per cent of its global workforce and warning about the possible impact of US tariffs...

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US, China agree to slash tariffs

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn...

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Trump hints cutting China tariffs to 80pc

US president Donald Trump signaled on Friday that he could lower sky-high tariffs on Chinese imports, as the rival superpowers prepare for trade talks in Switzerland over the weekend.

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Trump unveils UK trade deal, first since tariff blitz

US president Donald Trump and British prime minister Keir Starmer unveiled a ‘historic’ trade agreement Thursday, Trump’s first deal with any country since he unleashed a blitz of sweeping global tariffs.

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EU to hit US goods worth 100b euros with tariffs

The EU is preparing to hit US goods worth nearly 100 billion euros ($113 billion) with tariffs in retaliation for president Donald Trump’s sweeping levies if talks fail, European diplomats told AFP Wednesday...

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UK, India strike trade deal amid US tariff blitz

The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats...

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Bangladesh may seek extension of US tariff pause: Salehuddin

Finance affairs adviser Salehuddin Ahmed said on Wednesday Bangladesh would engage in negotiations with the United States over retaliatory tariffs, emphasising that efforts would be made to avoid any actions that could escalate tensions...

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US economy contracts in Jan-Mar

The US economy unexpectedly contracted in the first three months of this year, according to fresh data published Wednesday, due largely to a surge in imports ahead of the introduction of sweeping tariffs by president Donald Trump...

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Samsung Electronics posts 22pc jump in Q1 net profit

South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 per cent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs...

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Volvo Cars launches $1.9b cost-cutting plan

Sweden’s Volvo Cars announced Tuesday a plan to cut costs by 18 billion kronor ($1.9 billion), including through job cuts, as its profits fall and the auto sector navigates US tariffs...

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Trump trade war pushes firms to consider stockpiling

Stockpiling is the reflex response by firms to the imposition of tariffs, but with the rapidly-changing position of the Trump administration, companies are finding that it is not so straightforward this time around...