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...
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...
Sweden鈥檚 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...
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...
Volkswagen could relocate some production of its high-end Audi line to dodge US tariffs on automobiles ordered by president Donald Trump, the German carmaker鈥檚 CEO said in an interview released Friday...
Economist Rehman Sobhan on Thursday said rushing to Washington in a show of modesty to deal with the newly announced tariff policy by the United States was not a good strategy...
Economic ministers of the ASEAN regional bloc committed on Thursday 鈥榯o not impose any retaliatory measures鈥� against the United States over sweeping tariffs and said they were ready to engage in talks...
US president Donald Trump鈥檚 punishing tariffs on dozens of economies came into force Wednesday, including 104 per cent in levies against Chinese goods, sending markets into a tailspin again...
The EU plans tariffs of up to 25 percent on US goods in retaliation for levies on metals, but will spare bourbon to shield European wine and spirits from reprisals, according to a document seen by AFP on Tuesday...
Sammilita Garment Sramik Federation urged the interim government to engage in diplomatic talks with the US over the reciprocal tariffs imposed by the Trump administration, emphasising the need for an acceptable solution to prevent negative impacts of the tariff on workers...
The 鈥榳orld as we knew it鈥� is over, UK prime minister Keir Starmer said Sunday, as the world braced for further fallout from the introduction of US tariffs...
As president Donald Trump鈥檚 sweeping global tariffs took effect this weekend, US farmers hoping for a profit this year instead found themselves facing lower crop prices 鈥� and the prospect of ceding more ground on foreign markets...
Long before Donald Trump鈥檚 鈥楲iberation Day鈥� announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive鈥攁nd sometimes catastrophic鈥攔esults...
The EU has 鈥榚verything on the table鈥� as a response to president Donald Trump鈥檚 sweeping new tariffs聽 -- including possibly targeting US Big Tech and taxing more American goods 鈥� should talks with Washington fail...
California governor Gavin Newsom said Friday that he will seek agreements with the rest of the world to avoid the expected retaliations against US president Donald Trump鈥檚 tariffs...
China announced 34 per cent tariffs on US imports聽on Friday, the first major economy to fire back against president Donald Trump鈥檚 swingeing new levies in an escalating global trade war that sent markets deep into the red.
The country鈥檚 readymade garment manufacturers expressed concern over the US鈥檚 fresh 37 per cent tariff imposition on all Bangladeshi exporting products...
China on Thursday said it 鈥榝irmly opposes鈥� sweeping new US tariffs on its exports, vowing 鈥榗ountermeasures鈥� to protect its rights and interests...
Harsh new trade tariffs imposed on Cambodia by US president Donald Trump are 鈥榥ot reasonable鈥�, the Southeast Asian country鈥檚 commerce ministry said Thursday...
President Donald Trump鈥檚 tariff announcement on Wednesday was widely panned by US business lobbying groups, who voiced concern about the impact of the sweeping new duties on their operations...
Sri Lanka鈥檚 apparel manufacturing industry warned on Thursday that sweeping US tariffs will disrupt the island鈥檚 largest export sector and place thousands of jobs at risk...
US president Donald Trump was poised to unveil sweeping new 鈥楲iberation Day鈥� tariffs on Wednesday, but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war...
Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: 鈥楪ive me a break.鈥�...
World powers on Thursday blasted US president Donald Trump鈥檚 steep tariffs on imports of vehicles and car parts, vowing retaliation as a widening trade war intensifies...
Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a 鈥榣arge economic impact鈥� but will not deter the firm鈥檚 plans to tap European markets...
China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs, moving Washington closer to an all-out trade war with two major partners...
US president Donald Trump suggested on Wednesday that a trade deal was 鈥榩ossible鈥� with China 鈥� a key target in the US leader鈥檚 tariffs policy...
US president Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 per cent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors...
Japan asked the United States on Wednesday to be exempt from President Donald Trump鈥檚 tariffs on steel and aluminium exports, Tokyo鈥檚 top government spokesman said...
US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say...