US tariffs on steel, aluminum imports to start on March 12: Executive order

US tariffs on steel, aluminum imports to start on March 12: Executive order

US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March 12, ramping up a long-promised trade war despite warnings from Europe and China. “Today I’m simplifying our tariffs on steel and aluminum,” Trump said Monday in the Oval Office. “It’s 25 percent without exceptions or exemptions.”…

Indonesia is admitted to the BRICS bloc of developing nations

Indonesia is admitted to the BRICS bloc of developing nations

Indonesia has been admitted as a full member of the BRICS bloc of developing economies, the group’s presiding country, Brazil, announced Monday. Indonesia’s candidacy was endorsed by BRICS leaders in August 2023, according to the foreign ministry of Brazil, which holds the group’s presidency for 2025. However, the world’s fourth most populous nation opted to formally…