Page 13 - Trump Tariff

Donald Trump launches critical minerals probe to weigh new tariffs

The order, which Trump signed on Tuesday, calls for the commerce secretary to initiate a Section 232 investigation under the Trade Expansion Act of 1962

China halts deliveries of Boeing jets as trade war with US escalates

In retaliation to US' 145% tariff, China has slapped a 125% per cent levy on US imports - effectively doubling the price of Boeing jets

Vietnam's exporters scramble to fulfil order surge amid 90-day tariff pause

Businesses that had seen demand dry up just weeks ago are now overwhelmed with urgent shipment orders from US buyers

Birkin bag for $1,400, Lululemon for $6: China's clapback at Trump tariffs

Chinese suppliers and manufacturers have taken to platforms like X and TikTok to showcase their craftsmanship and offer direct-to-consumer sales at a fraction of retail prices

No country 'off the hook': Trump says tariff exemptions will be short lived

This statement came after the US Customs and Border Protection said smartphones, laptops, and other electronics from China would not be included in the recent 145 per cent reciprocal tariffs

Xi Jinping calls for stronger China-Vietnam industrial ties amid trade war

Chinese President Xi Jinping has embarked on his first international trip to meet with leaders in Vietnam, Malaysia, and Cambodia amid US trade war

UK makes $26 bn export finance support available amid US tariff turmoil

The tariffs, introduced by US President Donald Trump, have deepened uncertainty for UK businesses about their exposure to the new trade regime

G-7 central banks prepare first policy responses to Trump tariffs chaos

Against a backdrop of rising Treasury yields, weaker dollar and slumping stocks tied to US trade policy, investors will be seeking clues from Fed policymakers on their appetite for lower interest rate

Tariff war puts China-US trade in peril, businesses weigh next steps

When the first two rounds of 10% tariffs hit, Zou Guoqing, a Chinese exporter, groaned but didn't find the barriers insurmountable. He gave up some of his profits and offered his client, a snow-bike factory in Nebraska, price cuts ranging from 5% to 10%. It seemed to work: The factory agreed to a new order of molds and parts. But when President Donald Trump announced an additional 34% universal tariff on Chinese goods on April 2, Zou, who's been exporting to the U.S. for more than a decade, was incredulous. There's not a thread of feasibility," said Zou, who does business in the eastern Chinese city of Ningbo. It looks like I would have no choice but give up trading with the US. Then came 50% more from Trump, followed by another hike pushing the universal tariff on Chinese goods to the sky-high 145%, and Zou said he now could only hope that the two leaders can communicate. We are pausing the shipments," he said, until the leaders talk. The 145% tariff from the United States and th

Japan must strengthen yen, but shouldn't sell treasuries over US tariffs

By blaming the weak yen for accelerating inflation, Onodera could be signalling that Japanese policymakers consider the yen's downtrend, rather than its recent rebound, as the bigger problem

Trump's tariffs against China major test for Xi's leadership: Ex-US envoy

The US' high tariffs on China will be a major test for President Xi Jinping's leadership amid the economic slowdown while the Trump administration's levies on Beijing could be far more effective if the US takes allies along, former US ambassador to China Nicholas Burns has said. US President Donald Trump slapped 145 per cent tariffs against Chinese exports and China retaliated with 125 per cent levies on its imports from America. China is the only country to have retaliated with tit-for-tat levies. Midway through his tariff campaign against a number of countries, Trump paused the additional duties on other nations for 90 days while imposing more punitive levies on China leaving Beijing to wage a lonely battle to defend its interests. "The tariff war with the US will be a major test for Xi Jinping simply because the Chinese economy has not performed well in the last few years. Their GDP growth rate is slowing down," Burns told BBC on Friday. They still have a major hangover from th

Apple narrowly escapes major crisis after Trump grants tariff exemption

Donald Trump's 125% tariffs on Chinese goods threatened Apple's supply chain as severely as Covid disruptions. But on Friday, the US president gave Apple relief by exempting key consumer electronics

India to be carefully watching developments in US-China trade war

According to the foreign policy expert, due to this trade war, there would emerge both opportunities and challenges for India

Trump tariffs' external shock creates uncertainty for Sri Lanka, says IMF

The external shock in the form of tariffs imposed on a range of countries by the Trump administration has created uncertainity for Sri Lanka in its path to recovery from economic crisis, the IMF said here on Friday. The recent external shock and evolving developments are creating uncertainty for the Sri Lankan economy, which is still recovering from crisis," the International Monetary Fund (IMF) said at the end of a staff visit. The IMF team was here from April 3 until Friday to discuss Sri Lanka's performance and policies for the four-year USD 2.9 billion facility extended in 2023. The post crisis growth rebound of 5 per cent in 2024 is impressive, inflation declined considerably in recent quarters and has fallen to -2.6 per cent at end of March 2025," the global lender said, adding that substantial fiscal reforms strengthened public finances. On Trump tariff, the IMF said more time was needed to assess the impact of the global shock and how its implications could be addressed wit

Xi heads to Southeast Asia to rally support amid Trump's tariff offensive

As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure

China tech faces worry beyond Trump tariffs after $350 billion wipeout

The Hang Seng Tech Index has shed more than $350 billion in market value since a March high, though it has gained about 9 per cent over the past three sessions

Trump's tariffs may end quarter-century era of cheap goods for US consumers

President Donald Trump's new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months, possibly ending the era of cheap goods that Americans enjoyed for about a quarter-century before the pandemic. In return, White House officials hope the import taxes create more high-paying manufacturing jobs by bringing production back to the United States. It is a politically risky trade-off that could take years to materialise, and it would have to overcome tall barriers, such as the automation of most modern factories. Even after Trump's U-turn on Wednesday that paused steep new tariffs on about 60 nations for 90 days, average US duties remain much higher than a couple of months ago. Trump has imposed a 10% tariff on all imports, while goods from China the United States' third-largest source of imports face huge 145% duties. And there are 25% taxes on imports of steel, aluminum, cars and roughly half of goods from Canada and ...

'Storms can't overturn sea': Xi Jinping's speech resurfaces amid trade war

A 2018 speech by Chinese President Xi Jinping goes viral as US and China implement tit-for-tat tariffs on one another

How far will Trump's tariffs go? A timeline of US-China trade war

US-China trade war: 20, 54, 104, 125 per cent tariffs, company backlisting, antitrust probes, lawsuits, and more

Why did Trump pause his tariff plan just hours after it took effect?

White House backs down on reciprocal tariff measures. Was Trump's sudden tariff reversal a calculated move or a sign of miscalculation by the administration?