Page 67 - Latest Updates on Trump tariffs

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

US slams China's unfair trade practices as 28 textile plants shut down

In 2024, the United States imported $79.3 billion worth of apparel, with 21 per cent of that coming from China

Trump backlash helps Australia's PM secure historic re-election win

Australian Prime Minister Anthony Albanese was poised to win the largest victory for his center-left Labor Party since 1946, both in terms of two-party preferred and overall seat count

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

Apple to source most US iPhones from India in June quarter: Tim Cook

Tim Cook says majority of iPhones sold in the US this June quarter will be made in India as Apple diversifies its supply chain and braces for $900 million in tariff costs

Donald Trump, accountability, and the familiar playbook of populists

Populist leaders of Mr Trump's stripe are provided the latitude to make multiple mistakes on an epic scale, any individual one of which might have sunk the career of a centrist predecessor

Apple shifts iPhone production for US market to India, confirms Tim Cook

Tim Cook confirms India will become the primary source of iPhones sold in the US as Apple pivots production away from high-tariff China to cost-effective Indian supply chains

Trump threatens sanctions over Iranian oil: What it means for India, China

US-Iran talks, scheduled for May 3rd, have been postponed due to 'logistical reasons'

As Trump closes China shipping loophole, prices to rise for US consumers

Trump last month signed an executive order closing a loophole that has allowed items from China and Hong Kong valued at no more than $800 to enter the US without customs declarations and import duties

Australia's richest Gina Rinehart urges Trump-style governance for country

Rinehart, a strong Trump supporter who attended his inauguration celebration at Mar-a-Lago in January

Tariffs, oil prices, other uncertainties weighing on Mideast economies: IMF

Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF's regional outlook report for the MENA region (Middle East and North Africa) said Brent crude oil prices which are down from highs above USD 120 a barrel in 2022 are likely to be USD 65 to USD 69 per barrel in 2025 and 2026, making energy-exporting economies vulnerable to market fluctuations. Tariff plans by the US and other countries and geopolitical tensions also have created mounting economic uncertainty globally that is weighing down on the region's economies, which could negatively impact their growth by anywhere from 2 per cent to 4.5 per cent, said Jihad Azour, director for Middle East and Central Asia at the IMF. Therefore countries need to react and need to devise policies in order to protect their ...

Kids may get 2 dolls in US, but China will suffer from trade war: Trump

Donald Trump, through his remarks, has tried to reassure Americans that the tariffs will not result in a recession

Tesla board rejects new CEO search reports, backs Musk to lead growth plans

According to WSJ report, Tesla's eight-member board is also seeking to appoint an independent director

Trade deals with India, Japan, South Korea to come into effect soon: Trump

Trump also noted that even though the US will try to make many deals with the countries that have been hit by tariffs, in many cases, he would have to take a hard line

Tariffs politically risky, but won't rush trade deals, says Trump

Trump went on to agree there was a significant political risk to his efforts, and that they could result in Republicans losing control of the House of Representatives

Ford CEO welcomes tariff relief, urges broader trade reforms for growth

Ford Motor Company's top executive on Wednesday welcomed revisions to auto import rules but said more work is needed to craft trade policies that spur growth in the US auto industry. Ford CEO Jim Farley touted his company's domestic production, saying it outpaces competitors, as he attended the rollout of the company's 2025 Expedition SUV at its massive truck plant in Kentucky. Farley focused on trade policies during his remarks to plant workers, a day after President Donald Trump signed executive orders to relax some of his 25 per cent tariffs on automobiles and auto parts. The changes this week on tariff plans will help ease the impact of tariffs for automakers, suppliers and consumers, Farley said. But this is what we really care about. We need to continue to work closely with the administration on a comprehensive set of policies to support our shared vision of that healthy and growing auto industry. And we are not there yet. Farley pointed to Ford's Kentucky Truck Plant, which

Senate rejects resolution to block Trump's tariffs amid economic turmoil

Senate Republicans narrowly voted down a Democratic resolution Wednesday that would have blocked global tariffs announced by Donald Trump earlier this month, giving the president a modest win as lawmakers in both parties have remained skeptical of his trade agenda. Trump announced the far-reaching tariffs on nearly all US trading partners April 2 and then reversed himself a few days later after a market meltdown, suspending the import taxes for 90 days. Amid the uncertainty for both US consumers and businesses, the Commerce Department said Wednesday that the US economy shrank 0.3 per cent from January through March, the first drop in three years. The 49-49 vote came weeks after the Senate approved a resolution that would have have thwarted Trump's ability to impose tariffs on Canada. That measure passed 51-48 with the votes of four Republicans Senators Susan Collins of Maine, Lisa Murkowski of Alaska and Mitch McConnell and Rand Paul of Kentucky. But McConnell who has been sharply

Europe saw stronger growth, but Trump's tariffs darkened outlook

As a result, indicators of business and consumer optimism in Europe have fallen

Global trade tumbles: Amid turmoil, India needs reform, not protectionism

The US' major trading partners - Canada, Mexico, and the European Union (EU) - have said they will fight back against the US tariffs