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Tags : tariff


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Equinor takes $1b hit from US wind farm regulations, tariffs

Norwegian energy company Equinor said on Wednesday that its giant offshore wind project in New York — once halted by the US administration — had lost nearly $1bn in value following regulatory changes and tariffs...

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Trump agrees to small cut in Philippine tariffs

US president Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos...

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Is it ending?

IT IS hard to decide what is more surreal: that the United States is threatening 50 per cent tariffs on Brazilian imports in the name of ‘reciprocity’ or that global markets, once jittery at the mere whisper of Trumpian trade tantrums, are now brushing off these ultimatums with a shrug and record-breaking rallies...

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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...

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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...

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Bangladesh seeks 3rd-round tariff talks with US

With just days left before a 35 per cent reciprocal tariff by the United States on Bangladeshi exports takes effect, Bangladesh is pushing for a third round of negotiations.

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MoU signed for US wheat import amid tariff threats

Bangladesh on Sunday signed a memorandum of understanding with the United States to import 7 lakh tonnes of wheat annually for the next five years amid the threat of facing 35 per cent US tariff on its exports from the next month...

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Strategic preparation for tariff talks emphasised

Bangladesh’s export trade is poised to encounter new challenges in the wake of potential counter-tariffs from the United States, cautioned  Selim Raihan, executive director of the South Asian Network on Economic Modeling (SANEM) on Sunday...

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Japan trade deal still possible: US

US treasury secretary Scott Bessent said Friday that a trade deal with Japan remained possible, following talks in Tokyo ahead of the looming August 1 imposition of new tariffs...

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Taiwan working to strike US tariff deal

Taiwan’s trade negotiators were ‘working around the clock’ to strike a tariff deal with the United States, the island’s vice president said Friday, two weeks before Washington’s deadline...

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Japan’s SMEs ready to adapt to Trump tariffs

Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan’s economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump.

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Indonesian shoemakers fear Trump tariffs

At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump’s tariffs hit exports...

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A recipe for geopolitical decline

THE July 7, 2025, letter from President Donald J Trump to Dr Muhammad Yunus, the chief advisor to the government of Bangladesh, reads like a familiar echo of an old, misguided economic playbook. In it, the US warns of a 35 per cent tariff on all Bangladeshi goods entering American markets, citing long-standing trade deficits and the need for reciprocal trade...

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BNP wants to join govt team in US tariff talks

The Bangladesh Nationalist Party would engage with the interim government to help advance the government’s ongoing tariff negotiations with the United States, as the discussions have expanded beyond trade to include broader security and strategic issues.

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US consumer inflation accelerates

US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how president Donald Trump’s ever-growing list of tariffs is affecting the economy...

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3rd round of talks likely next week

Commerce adviser Sk Bashir Uddin on Monday said that the third round of negotiations with the United States over tariff issues was likely to start next week...

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S’pore averts recession in Q2

Singapore averted a recession in the second quarter, official data showed Monday, but the government warned of ‘significant uncertainty’ ahead owing to the effects of US president Donald Trump’s tariffs...

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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...

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Mexico, EU to face 30pc Trump tariffs from August 1

President Donald Trump on Saturday targeted Mexico and the European Union with steep 30 per cent tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners...

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Mexico slams Trump’s 30pc tariff threat

Mexico slammed US president Donald Trump’s latest threat of 30 per cent tariffs Saturday as an ‘unfair deal,’ according to a government statement...

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Tariff talks end inconclusive

The second-round negotiations between Bangladesh and the United States over the tariff issue in the US capital Washington DC ended on Friday with several issues remaining unresolved...

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Worried exporters expect fruitful tariff talks

Businesses said on Saturday that they don’t want to lose the US market and are optimistic that the trade talks regarding a 35 per cent tariff will succeed in the end...