US and China prepare for trade talks as Trump floats tariff cut

Tariffs imposed on the Asian manufacturing giant since the start of the year currently total 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.
10 May 2025, 03:52 AM

US, Britain to announce trade deal on Thursday

Trump did not offer more details but said it would be the "first of many."
8 May 2025, 02:47 AM

Apple expects $900m tariff hit, US iPhone supply shifts to India

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.
3 May 2025, 18:00 PM

Trump tempers auto tariffs, winning cautious praise from industry

Trump signed an executive order to limit the impact of overlapping tariffs on automakers.
30 April 2025, 02:49 AM

Trump to reduce impact of auto tariffs, commerce secretary says

A White House official confirmed the report and indicated the move would be made official on Tuesday.
29 April 2025, 04:36 AM

Trump trade war pushes firms to consider stockpiling

Stockpiling is not a solution, however, said analysts.
27 April 2025, 04:56 AM

Developing countries should fast-track US trade deals: WB president

Developing countries should strike swift trade deals with the United States at the “earliest possible” opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.
26 April 2025, 18:00 PM

EU, US should negotiate trade deal

The United States and European Union need to “de-escalate” and “negotiate a deal” to help boost lackluster growth on the continent, the International Monetary Fund’s Europe director said Friday.
26 April 2025, 18:00 PM

Developing countries should fast-track US trade deals: WB president

The Bank has been advising developing countries to focus attention on cutting trade barriers and boosting regional flows of goods
26 April 2025, 05:58 AM

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

The IMF on Wednesday announced that economic pressures from steep new US tariffs will push global public debt above pandemic-era levels
24 April 2025, 04:00 AM

World Bank urged to reduce equity-to-loan ratio to free up funds for poor countries

He said a large portion of these new resources could be used to provide loans to help governments rapidly address actual or anticipated budget gaps and shore up health-care networks, water and sanitation systems, or other critical public systems impacted by foreign aid cuts.
23 April 2025, 04:19 AM

India imposes temporary tariff on some steel to stem cheap imports from China

A flood of Chinese steel in recent years has pushed some Indian mills to scale down operations and mull job cuts
22 April 2025, 03:31 AM

China’s manufacturing backbone feels Trump trade war pinch

Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week -- with some fearing business may never return.
19 April 2025, 18:00 PM

US tariffs threaten Sri Lanka’s recovery: IMF

Sri Lanka’s recovery from its worst economic meltdown, which forced a sovereign default and toppled a president, will be undermined if punishing US tariffs resume, the IMF warned on Friday.
12 April 2025, 18:00 PM

Dollar feels heat as Trump’s tariffs spark trade turmoil

In just a week, the dollar has gone from a safe haven to investors’ whipping boy as US President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency.
12 April 2025, 18:00 PM

Trump's latest tariffs loom, set to deepen global trade war

Trump's punishing tariffs have shaken a global trading order that has persisted for decades
9 April 2025, 03:56 AM

Gold prices fall over 3%

Gold fell more than 3 percent on Friday, erasing gains from earlier in the week, as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global recession.
6 April 2025, 18:00 PM

Trump kicks all of Asia into the China tariff boat

Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 54 percentage points in the 10 weeks since the US president took office.
3 April 2025, 19:11 PM

How ‘liberation day’ tariffs will impact China

US President Donald Trump has slapped punishing new tariffs on imports of Chinese goods, deepening a trade war between the world’s two largest economies.
3 April 2025, 18:00 PM

Trump all set to unleash ‘Liberation Day’ tariffs

US President Donald Trump was poised to unveil sweeping new “Liberation Day” tariffs yesterday, but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war.
2 April 2025, 18:00 PM