Page 10 - Trump Tariff

Cannes festival readies for 78th edition with new challenges on horizon

Nowhere is the border-crossing nature of cinema more evident than the Cannes Film Festival, which kicks off on Tuesday in the wake of U.S. President Donald Trump's vow to enact tariffs on international films. Cannes, where filmmakers, sales agents and journalists gather from around the world, is the Olympics of the big screen, with its own golden prize, the Palme d'Or, to give out at the end. Filmmakers come from nearly every corner of the globe to showcase their films while dealmakers work through the night to sell finished films or packaged productions to various territories. You release a film into that Colosseum-like situation, says Brazilian director Kleber Mendona Filho, who's returning to Cannes with The Secret Agent, a thriller set during Brazil's dictatorship. You've got to really prepare for the whole experience because it's quite intense not very far from the feeling of approaching a roller coaster as you go up the steps at the Palais. Perhaps as much as ever, all eyes i

'Total reset' in works, US-China tariff talks made great progress: Trump

Sensitive talks between US and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of prolonged negotiations and will resume Sunday, an official told The Associated Press. Hours after the talks concluded, US President Donald Trump posted on social media that a reset on trade between both countries was being discussed. "A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner," Trump wrote. "We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!" The meeting lasted over 10 hours and featured Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and a delegation led by Chinese Vice Premier He Lifeng. The official who spoke to the AP requested anonymity because of the sensitivity of the talks, which could help stabilise world markets roiled by the US-China .

Wary investors hope US-China talks will ease high-stakes trade war

The highly anticipated meeting in Switzerland could mark one of the biggest developments since US President Donald Trump launched sweeping tariffs on April 2

China expresses confidence in ability to manage trade tensions with US

The weekend talks involving top US and Chinese economic and trade officials are widely seen as a first step towards resolving a trade war

Trump, Starmer hail limited US-UK trade deal, but 10% tariffs remain

President Donald Trump agreed on Thursday to cut tariffs on UK autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favourable terms on his import taxes, which are roiling the global economy. Under the framework agreement, the United Kingdom is to buy more American beef and ethanol and streamline its customs process for goods from the United States. But Trump's baseline 10 per cent tariffs against British goods are to stay in place, and the Republican president suggested that even higher import taxes would be charged on other countries trying to reach deals with the US. That's a low number, Trump said of the UK's 10 per cent tariff rate, adding that other countries would face higher tariff rates in their deals because the US runs trade deficits with them and in many cases they didn't treat us right. The announcement provided a political victory for UK Prime Minister Keir Starmer and offered a degree of validation for .

From Apple to GM, Trump tariffs to cost companies tens of billions

Among US companies that have disclosed financial projections so far, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs in the current quarter

Musk's Starlink gains from Trump tariff as nations try to ease tensions

Even a modest share of India's broadband market could yield close to $1 billion in annual revenue for Starlink, internal cables accessed by The Washington Post find

Donald Trump to rescind global chip curbs, prepare new AI restrictions

The repeal, which is not yet final, seeks to refashion a policy launched under President Joe Biden that created three broad tiers of countries for regulating the export of chips from Nvidia and others

India's exports to US hit record high in March amid 90-day tariff pause

The US trade deficit soared to a record $140.5 billion in March, up from $123.2 billion in February as firms rush to stockpile imports before new tariff hikes take effect

'Arranged at the request of the US': China on high-level trade talks

US-China trade war: Beijing urges respectful dialogue ahead of high-level trade talks with Washington in Switzerland

Trump targets foreign drugs: Tariffs in 2 weeks, begins US mfg push

US President Trump has signed executive orders to speed up drug approvals and pharma infrastructure construction in the US

Shein, Temu ramp up digital advertising in UK, France as US tariffs hit

Shein boosted spending 35 per cent in France and the UK, while PDD Group's Temu increased by 40 per cent and 20 per cent month-over-month

Trump's tariff order on foreign movies leaves film industry flummoxed

Slapping levies on an industry like film would mark a major extension of tariffs as a policy tool into services, for which the US runs a sizable trade surplus

Chinese exporters turn to 'origin washing' to dodge steep Trump tariffs

Chinese exporters are using repackaging, mislabeling, and rerouting tactics to avoid steep Trump-era tariffs, raising alarm across Asian trade hubs and customs agencies

'National security threat': Donald Trump plans 100% tariff on foreign films

The action, however, follows move by China last month to moderately reduce the number of Hollywood films allowed in the country in retaliation for Trump's aggressive tariffs

'I set the deal': Trump says trade agreements may come as soon as this week

While Trump did not name countries, he suggested trade deals may be finalised within weeks as talks progress with several nations including India amid tariff tensions and slowdown fears

US may seek tariff cuts, regulatory reforms in trade deal with India: GTRI

The US is expected to push for sweeping changes in India's policies, ranging from tariff reductions to regulatory overhauls, that could benefit American firms and exporters, under the proposed bilateral trade agreement with India, think tank GTRI said on Sunday. In the agri sector, the Global Trade Research Initiative (GTRI) said the US demands include scaling back India's minimum price support (MSP) programs for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs. Similarly, on dairy, the US argues that India's GM-free feed certification and facility registration protocols effectively bar American dairy imports. Indian rules prohibit imports from animals fed with animal-derived feed, for example, butter from a cow fed meat due to religious sensitivities. "India considers this policy non-negotiable," GTRI Founder Ajay Srivastava said. He added that America may also seek easing of restrictions on US retail giants like Ama

Ex-economist Lawrence Wong returns to lead Singapore amid tariff turmoil

Days ahead of the general election, Lawrence Wong said in a changed world his team's mission is clear: to steer Singapore through the storm, and secure a brighter future for Singaporeans. The economist-turned-politician Wong led his People's Action Party to a landslide win in Singapore's general election on Saturday. The tariff war triggered by US President Donald Trump dominated his campaign. Stating that both the US and China claim they do not wish to force countries to choose sides, but, in reality, each seeks to draw the other closer into their respective orbits, Wong pointed out how this rivalry is already reshaping the world and will continue to define the geo-political landscape for years to come. We are in the midst of a messy transition globally. To what? Nobody can tell, he said in April third week. Transition is not new for US-educated Wong, 52. In May last year, he had taken oath as the prime minister in a planned political transition in the city-state. Wong, who has

Jaguar Land Rover resumes car exports to US post Trump tariff pause: Report

The first shipments of JLR vehicles bound for the US for almost a month left Britain on Wednesday

Fed's Powell set to defy Trump pressure, likely to hold rates steady

With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday