United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday, citing sources. Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent duties…
U.S. President Donald Trump said he would impose a 10 percent baseline tariff on all imports to the United States and higher duties on some of the country’s biggest trading partners, drawing defiant responses from leaders and governments. Here’s how top officials and governments around the world reacted: Chinese Foreign Ministry Spokesperson Guo Jiakun: “Under…
China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports and vowed “countermeasures to safeguard its own rights and interests.” US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world and harsh extra duties on key trading partners. The…
President Donald Trump says Wednesday will be “Liberation Day”- a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods. The details of Trump’s next round of import taxes are still sketchy. Most economic analyses say average US families would have to absorb the cost…
French Finance Minister Eric Lombard said he expects the US to provide backup for European troops to help maintain peace once a ceasefire is agreed between Ukraine and Russia. The UK, Germany, France and other European countries are willing to send troops to guarantee a truce, he told Bloomberg Television in an interview in Cape Town, where…
Russian President Vladimir Putin said he’s ready to discuss crude oil prices and other energy issues at a face-to-face meeting with US leader Donald Trump. Both Russia and the US are top global oil producers and consumers, Putin said in an interview with state-owned Rossiya 24 TV. Price movements in the commodity impacts both economies,…
Canada could impose countermeasures on up to C$150 billion ($105 billion) worth of US imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday. Canada has drawn up a list of targets but would hold public consultations before acting, said the source, adding the extent…
David Perdue wrote strategic ambiguity needs to be addressed in September op-ed TAIPEI (Taiwan News) — US President-elect Donald Trump said he has chosen David Perdue as his China ambassador. The former senator has said the US’ strategic ambiguity policy on Taiwan should be clarified and once met ex-President Tsai Ing-wen (蔡英文). Trump said he picked Perdue via…
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs. Bessent, who is chief executive officer of Key Square Group, has called for an extension of tax cuts from Trump’s first term, wants to reassert American energy dominance,…
