Beijing and Washington have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a global tariff assault that has particularly targeted Chinese imports. Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent toll on US imports. Figures released by Beijing’s General […]
In statements to the Emirates News Agency (WAM), he also disclosed that remittances from the Pakistani community in the UAE reached $6.7 billion in 2024, which are expected to surpass $7 billion in 2025. “These figures reflect not only the strength of our economic partnership, but also the vital role played by the Pakistani diaspora […]
New orders for the two imported models are also no longer available on the U.S. automaker’s WeChat mini programme account. Meanwhile, Wall Street stocks fell sharply on Thursday amid growing concerns over Trump‘s ongoing trade battles. All three main US stock indexes suffered deep losses, losing most of the gains they made a day before. […]
The United States was Vietnam’s biggest export market in the first three months of the year, but President Donald Trump hit it with a 46 percent duty as part of a global trade blitz announced last week. Trump paused the stiff new tariffs on Wednesday, and Vietnam’s Deputy Prime Minister Ho Duc Phoc suggested the […]
As per details, farmers can now transport wheat across provincial borders without restrictions, enabling them to sell their produce in the most profitable markets. For the first time, the private sector will be allowed to procure wheat, providing farmers with more options to sell their produce and potentially leading to better prices. Moreover, the deregulation […]
“They discussed U.S. reciprocal tariffs on Pakistan and how to make progress toward a fair and balanced trade relationship,” Tammy Bruce, the department’s spokesperson, said in a statement about the first conversation between the two leaders. The US administration imposed tariffs on imports from around the world that range from a 10% baseline tax on […]
Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding 10 percent, Tokyo briefly diving eight percent, and Taipei more than nine percent. Futures for Wall Street’s markets were also taking another drubbing, while concerns about the […]
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021. Oil plunged 7% on Friday as China ramped up tariffs on US goods, escalating a trade war […]
A 10 percent “baseline” tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic powers to address perceived problems with the country’s trade deficits. The trade gaps, said the White House, were driven by an “absence of reciprocity” in relationships and other policies like […]
The initial 10% “baseline” tariff took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT), ushering in Trump’s full rejection of the post-World War Two system of mutually agreed tariff rates. “This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan […]
