Trump Announces 19% Tariff on Indonesian Goods in New Trade Pact In a recent development in the world of international trade, President Donald Trump has announced a 19% tariff on goods imported from Indonesia under a new trade agreement. This move is aimed at balancing the trade deficit between the United States and Indonesia and […]
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector The recent imposition of a 35 percent tariff by the United States has sent shockwaves through Bangladesh’s garments sector, leaving many workers fearing for their jobs. This move not only threatens the country’s main export industry but also puts the livelihoods of millions […]
Asian Economies in Rush to Cut Tariff Deals
Asian Economies in Rush to Cut Tariff Deals In the face of soaring tariffs imposed by the Trump administration, Asian economies are scrambling to secure beneficial trade agreements to safeguard their manufacturing sectors. Countries like Bangladesh, Cambodia, and Thailand have found themselves in a precarious position as they navigate the complexities of global trade dynamics. […]
Trump to Levy 25% Tariffs on Japan, South Korea in August
Trump to Levy 25% Tariffs on Japan, South Korea in August In a bold move that is sure to have significant global economic ramifications, President Trump has announced plans to impose 25% tariffs on imports from Japan and South Korea starting in August. This decision comes as part of the ongoing trade tensions between the […]
Trump Sets August 1st Start for Tariffs Ahead of Wednesday Deadline
Trump Sets August 1st Start for Tariffs Ahead of Wednesday Deadline As the world watches with bated breath, President Trump has once again made waves in the realm of international trade. With new trade deals and tariff warnings on the horizon, negotiations are currently underway to sidestep punitive measures on exports to the United States. […]
Trump Announces Vietnam Trade Deal With 20% Import Tariff
Trump Announces Vietnam Trade Deal With 20% Import Tariff President Donald Trump has made headlines once again with the announcement of a new trade deal with Vietnam. After weeks of intense negotiations and diplomatic efforts between the two nations, Trump revealed that a deal had been reached just in time to avoid higher tariffs on […]
Swiss Watch Exports Slump in May as US Tariffs Shake Market
Swiss Watch Exports Experience a Downturn in May Amidst US Tariffs Turmoil Switzerland, renowned for its precision and luxury in watchmaking, has recently faced a significant setback in its watch export industry. The latest reports reveal a slump in Swiss watch exports in May, with a notable decline in shipments to the United States, the […]
China proposes rare earth export relief for EU
China Proposes Rare Earth Export Relief for EU Talks continue over EV tariffs as China signals rare earth concession. In a significant development, China has proposed providing rare earth export relief for the European Union (EU). This move comes amidst ongoing discussions regarding electric vehicle (EV) tariffs between the two entities, showcasing China’s willingness to […]
Appeals Court Allows Trump Tariffs to Stay in Effect for Now
Appeals Court Grants Stay Allowing Trump Tariffs to Remain in Effect Amid Ongoing Legal Battle In a recent development, the US Court of Appeals for the Federal Circuit issued a brief order on Thursday granting a stay that will allow the controversial tariffs imposed by the Trump administration to continue, at least for the time […]
What’s Next for Trump’s Trade War After Court Blocks Tariffs
What’s Next for Trump’s Trade War After Court Blocks Tariffs The recent court ruling blocking Trump’s tariffs may seem like a significant blow to his aggressive trade policies. However, this setback may not be as permanent as it appears. The administration, led by a president known for his defiance of norms and institutions, could choose […]