[ad_1] US President Donald Trump on Thursday announced a new trade agreement with the United Kingdom, marking the first deal since his global tariffs were introduced. The agreement is seen as a major political boost for UK Prime Minister Keir Starmer.Trump announced this development one month after implementing extensive tariffs on US trading partners on…
[ad_1] US President Donald Trump’s scrapping of a duty-free loophole has shattered Temu and Shein’s business model, choking their flood of cheap Chinese goods into the United States.In 2024, 1.36 billion shipments entered the US under the so-called de minimis rule, exempting goods valued under $800 (€704) from import tariffs. That figure marks a nine-fold…
[ad_1] Quick Take Summary is AI generated, newsroom reviewed. President Trump is considering lowering high tariffs on China, which have severely impacted trade between the two economies. Washington: US President Donald Trump has signalled he is open to lowering massive tariffs imposed on China, as he acknowledged that the current levies are so high that…
[ad_1] New Delhi: President Donald Trump on Monday announced a 100 per cent tariff on films produced overseas, saying the movie industry in the US was “dying a very fast death”. “Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas…
[ad_1] Donald Trump and Jerome Powell US President Donald Trump is taking credit for any signs of economic strength in the US while blaming President Joe Biden for recent weaknesses, including the first-quarter contraction in GDP. In a wide-ranging interview on NBC News’ “Meet the Press,” Trump also lobbed fresh criticism at Federal Reserve Chair…
[ad_1] Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an…
[ad_1] Washington: President Donald Trump will sign an executive order on Tuesday to soften the impact of his automotive tariffs, the White House said. Administration officials said the moves would alleviate some duties on foreign parts in cars manufactured in the United States, while importers would not have to pay double tariffs on both cars…
