Page 15 - Trump Tariff

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?

US' 90-day tariff pause 'key' window, India must act decisively: ICEA

The US' 90-day pause on reciprocal tariffs for countries, including India, creates a critical strategic window for New Delhi to accelerate efforts in attracting electronics manufacturing investments, particularly from companies seeking to diversify their production bases beyond China, a country which now stares at 125 per cent American levy, according to the industry. US President Donald Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies he imposed led to global stock market meltdown that erased trillions of dollars in investor wealth, and spooked nations and businesses. Trump has, however, made it clear that he would raise tariffs on China, one of America's biggest trading partners, to a staggering 125 per cent after Beijing vowed a fresh round of retaliation. For other countries, the rates will revert to baseline 10 per cent. Pankaj Mohindroo, Chairman of ICEA (India Cellular and ...

Why India must end its Inspector Raj to compete in global manufacturing

From factories to e-commerce warehouses, overzealous quality checks are choking trade and killing jobs-India must dismantle this outdated system to stay competitive

Safe havens rebound as China-US trade war anxiety overshadows tariff U-turn

The uptick in safe haven currencies came even with Asian stock markers surging, as they joined the global relief rally

China hits back at US with 84% tariff after Trump admin imposes 104% levy

US China trade war: Beijing had previously called Trump's ultimatum 'coercive' and stated that it would 'fight to the end'

China calls on India to stand together against US tariffs amid trade war

India-China ties: Spokesperson Yu Jing emphasised that Trump tariffs deprive countries in the Global South of their right to development, calling on global cooperation

Samsung profits surge as buyers stockpile chips ahead of Trump tariffs

Samsung Electronics March quarter earnings beat estimates as demand spikes for semiconductors and smartphones amid fears of steep US import duties under Trump's trade policy

S'pore forms task force to support businesses against impact of US tariffs

Singapore is setting up a national task force to support businesses and workers from sweeping US tariffs that could slow economic growth and affect jobs and wages, Prime Minister Lawrence Wong said in Parliament on Tuesday. The task force, chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, will include representatives from the city-state's economic agencies, the Singapore Business Federation, the Singapore National Employers Federation and the National Trades Union Congress. Describing the global situation as "fluid", PM Wong said in a ministerial statement in Parliament that the task force will help businesses and workers address immediate uncertainties, strengthen resilience and adapt to a new economic landscape. The tariffs are expected to dampen global growth in the near term, which will hit external demand for Singapore's export-reliant sectors, such as manufacturing and wholesale trade. The global uncertainty and dampened sentiment will also ..