Trump tariffs

Trump Expands Global Tariff Campaign, Targets Seven More Nations With August Deadline

10 Jul 2025

US President Donald Trump ramped up his administration's tariff attack on Wednesday by releasing new trade notices against seven more nations, threatening import tariffs that will go into effect on August 1. The latest targets are the Philippines, Sri Lanka, Brunei, Algeria, Libya, Iraq, and Moldova, as per an AFP...

Trump’s Tariffs on Drugs, Copper Threaten Indian Exports

09 Jul 2025

US President Donald Trump's suggested tariffs on medicine and copper imports have caused alarm in India since the country risks losing important market share in the US — its largest export market for drugs and an important copper purchaser. Trump declared a 50% copper import duty and a possible 200%...

Trump’s Tariff Threats Shake ASEAN, Spotlight Transshipment and Trade Tensions

08 Jul 2025

Former U.S. President Donald Trump’s fresh round of tariff threats has heightened economic tensions in Southeast Asia, with six ASEAN nations now facing steep duties on exports to the United States. Announced on July 7, the tariffs — set to take effect on August 1 — mark Trump’s latest effort...

Trump Issues Final Tariff Warning to 12 Countries Ahead of Deadline

05 Jul 2025

US President Donald Trump confirmed on Saturday that he had signed “take it or leave it” tariff letters addressed to 12 countries. These letters, outlining new tariff rates, are set to be dispatched on Monday—just ahead of the July 9 deadline that marks the end of a 90-day pause on...

China To Trump: Trade Wars Have No Winners As Tariff Deadline Approaches

05 Jul 2025

Chinese Vice President Han Zheng warned that neither side gains anything from tariff or trade wars, giving a thinly veiled rebuke to US President Donald Trump as tensions between Washington and Beijing continue. Addressing the World Peace Forum in Beijing, Han stressed that a multilateral trading system was crucial to...

Trump To Unleash Tariff Shockwave: Surprise Letters To Hit Global Trade Partners

04 Jul 2025

US President Donald Trump said on Thursday his administration is set to send letters to trading partners as soon as Friday to notify them of new unilateral tariff rates. This comes before a July 9 deadline for ongoing trade talks. “We’re probably going to be sending some letters out, starting...

EU Approves Trump Tariff, With Demands to Protect Key Sectors

01 Jul 2025

The EU has signed off on Donald Trump's suggested 10% blanket tariff proposal on exports, but subject to tough conditions. Brussels insists that the United States exempts vulnerable European industries such as pharmaceuticals, booze, semiconductors, and business jets. The action is a reluctant but calculated move by the EU, which...

Trump’s July 9 Tariff Deadline Looms As He Teases TikTok Deal, Iran Strike Claims

30 Jun 2025

US President Donald Trump indicated that his government does not plan to renew the 90-day window of hold on new tariffs for other nations, whose deadline falls on July 9. In an interview with Fox News, Trump reaffirmed that letters will be delivered to countries announcing impending trade sanctions in...

UK Economy Shrinks Sharply in April, Hit by US Trade War and Tax Hikes

12 Jun 2025

UK economy shrinks April 2025 by 0.3%, its sharpest monthly decrease since October 2023. Economists were caught off guard, forecasting just a 0.1% decline. The recent previous growth in March and February was reversed in April. Increases in taxes, poor manufacturing, and a precipitous fall in exports to the US...

Trump’s Tariff Impact Slows Global Growth, Warns World Bank

11 Jun 2025

Trump's tariff has had an immense impact on global growth, and it is now undeniable, according to the World Bank’s latest forecast. The global economy is on track to experience its slowest decade since the 1960s, as rising tariffs and unpredictable trade policies continue to destabilise financial markets and disrupt...

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