China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports China’s recent decision to impose a 34% tariff on US imports marks a significant escalation in the ongoing trade war between the two economic giants. This move is a direct response to the tariffs imposed by President Donald Trump on Chinese goods, […]
Swiss Watch Industry Sees Tough Times Ahead Over Trump Tariffs
Swiss Watch Industry Faces Challenges Amidst Trump Tariffs The Swiss watch industry, known for its precision, craftsmanship, and timeless elegance, is currently facing turbulent times ahead. The recent announcement by President Trump of imposing significant tariffs on goods from Switzerland, as well as from the European Union, has sent shockwaves through the luxury market. The […]
Trump Says He May Give China Reduction in Tariffs to Get TikTok Deal Done
Trump Considers Tariff Reduction on China for TikTok Deal, Extending Deadline In a surprising turn of events, US President Donald Trump has hinted at the possibility of reducing tariffs on Chinese imports in exchange for finalizing a deal for the sale of TikTok by its Chinese parent company, ByteDance. This unexpected development comes amid the […]
Chinese refiners hesitate as US targets Venezuela oil buyers
Chinese Refiners Hesitate as US Targets Venezuela Oil Buyers The United States’ strategic imposition of sanctions on firms associated with Venezuelan crude shipments has sent ripples across the global oil market. In a bid to further tighten the economic noose around Venezuela, the US has now set its sights on Chinese imports of Venezuelan oil. […]
US trade war escalates with new tariffs and secondary duties
US Trade War Intensifies: Trump Prioritizes Auto Duties and Levies on Semiconductors and Pharmaceuticals The United States trade war continues to escalate as President Trump showcases a degree of flexibility on tariffs while doubling down on imposing additional duties on key industries. Amidst ongoing negotiations and tensions with major trading partners, the latest developments highlight […]
US-India trade negotiations intensify over tariff disputes
US-India Trade Negotiations Intensify Over Tariff Disputes The economic relationship between the United States and India has long been a topic of discussion and negotiation. In recent times, the focus has shifted to tariff disputes, with Washington urging India to implement broader tariff reforms. This push for change comes amidst a backdrop of political and […]
Kyrgyzstan introduces USDKG, a gold-backed stablecoin
Kyrgyzstan Introduces USDKG: A Gold-Backed Stablecoin Kyrgyzstan has recently made waves in the world of digital currencies by introducing USDKG, a stablecoin fully backed by the Kyrgyz government’s gold reserves. This innovative move aims to create a more stable digital currency that can provide a secure and reliable alternative to traditional fiat currencies. The concept […]
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says In the midst of an escalating trade conflict between Canada and the United States, the Canadian government has announced a bold move to impose C$29.8 billion in retaliatory tariffs on American goods. This decision marks a significant escalation in the ongoing trade dispute […]
UK Splits With EU by Opting Against Snap Tariff Retaliation
UK Splits With EU by Opting Against Snap Tariff Retaliation The United Kingdom has found itself at a crossroads in the aftermath of President Donald Trump’s decision to impose global tariffs on steel and aluminum. While the European Union has been quick to respond with retaliatory measures, the UK has taken a different stance by […]
Malaysia works with US and Singapore on Nvidia chip probe
Malaysia Collaborates with US and Singapore in Nvidia Chip Probe Malaysia, a key player in the semiconductor industry, has found itself at the center of a significant investigation involving US-sanctioned AI chips. Recent reports suggest that these chips, developed by the renowned tech giant Nvidia, may have been illicitly shipped through Malaysian territory. The revelation […]