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.
Tags : tariffs
Trump unveils slew of new tariffs
President Donald Trump unveiled new tariffs Thursday on nearly 70 countries 鈥� including a blistering 35 per cent on neighbour Canada 鈥� as he seeks to reshape global trade to benefit the US economy.
US takes in $87b from tariffs in H1
The United States took in more revenue from tariffs in the first six months of 2025 than it did in all of 2024, according to data from the US Treasury compiled by AFP.
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...
IMF lifts 2025 growth forecast
The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump鈥檚 sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats...
Trump, EU chief seek deal in transatlantic tariffs standoff
US President Donald Trump and EU chief Ursula von der Leyen prepared to meet Sunday in Scotland in a push to resolve a months-long transatlantic trade standoff that is going down to the wire...
TOY INDUSTRY: Small businesses warn of Trump tariff impact
Small business owners used the festive backdrop of Comic-Con on Thursday to discuss a sobering topic: the negative impact that US president Donald Trump鈥檚 proposed tariffs are having on the toy industry.
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...
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 鈥� once halted by the US administration 鈥� had lost nearly $1bn in value following regulatory changes and tariffs...
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...
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 鈥榬eciprocity鈥� 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...
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...
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...
Japan鈥檚 SMEs ready to adapt to Trump tariffs
Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan鈥檚 economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump.
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鈥檚 tariffs hit exports...
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鈥檚 ever-growing list of tariffs is affecting the economy...
S鈥檖ore averts recession in Q2
Singapore averted a recession in the second quarter, official data showed Monday, but the government warned of 鈥榮ignificant uncertainty鈥� ahead owing to the effects of US president Donald Trump鈥檚 tariffs...
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...
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聽the stakes in already tense negotiations with two of the largest US trading partners...
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...
Pharma industry on red alert over Trump tariffs
With US president Donald Trump threatening 200 per cent tariffs on imported pharmaceutical products within as little as one year, the industry is on red alert...
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...
Indonesia signs energy, grain deals with US: minister
Indonesia鈥檚 state oil company and agricultural firms have signed deals to increase their purchases of US goods, the country鈥檚 chief economic minister told AFP on Wednesday, as Jakarta lays the groundwork to avoid the worst of president Donald Trump鈥檚 tariffs...
New tariff deadline not set in stone: Trump
US president Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs Monday鈥攂ut then said he may be flexible on his new August deadline to reach deals...
Asia number one target of Trump鈥檚 tariff letters
Donald Trump sent letters to 14 countries, mainly in Asia, informing them that higher import tariffs will kick in on August 1 unless they reach a deal with the United States...
Stocks rise as Trump delays tariffs deadline
Major stock markets mostly rose Tuesday after President Donald Trump extended his tariffs deadline and hinted at a further pushback, though uncertainty over US trade policy capped gains...
Indonesia, US to sign deal on $1.25b wheat purchases
Indonesia鈥檚 flour mills association will sign a deal to import at least one million metric tons of US wheat annually for the next five years in a $1.25 billion deal, it told AFP Monday, as Jakarta lays the groundwork to avoid the worst of Donald Trump鈥檚 tariffs...
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.