Business

Trump extends tariff deadline to August 1, threatens duties up to 40% on certain countries

Trump announced an extension of the deadline for imposing new reciprocal tariffs to August 1, while warning that duties of up to 40% will be levied on selected countries if trade agreements are not reached by then.

Trump threatens Tariffs on nations aligned with BRICS as bloc pushes back on trade pressure

U.S. President Donald Trump has issued a stark warning to countries aligning with the BRICS group of emerging economies, vowing to impose an additional 10% tariff on any nation supporting what he described as “anti-American” policies. The threat, delivered...

China and US reach Trade Framework in London talks, including Rare Earths supply and Student Visas

China and the United States have reached a trade framework agreement following two days of intensive negotiations in London

Trump secures $600 billion Saudi investment deals during Middle East trip

U.S President Donald Trump unveiled what the White House described as a historic $600 billion package of agreements between the United States and Saudi Arabia.

US and China reach breakthrough deal to slash tariffs for 90 days

In a significant de-escalation of trade tensions, the United States and China have agreed to sharply reduce tariffs on each other’s goods for 90 days, temporarily halting a conflict that has disrupted global markets and strained the economic relationship...

Nvidia expects $5.5 billion hit as US blocks AI chip exports to China

Semiconductor giant Nvidia expects to take a charge of up to $5.5 billion in its current fiscal quarter after the U.S. government imposed new export restrictions on its H20 artificial intelligence chips, deepening a growing technology rift between Washington...

US–China Trade War: China hits back with 125% Tariff on US goods, calls Trump’s trade policies a “joke”

Beijing announced that it will raise tariffs on American imports to 125% in response to Washington’s recent decision to impose a total of 145% in tariffs on Chinese goods

Turkiye and Pakistan usher in strategic Energy Alliance with Offshore Oil and Gas deal

Türkiye and Pakistan have signed a milestone agreement to jointly pursue offshore oil and gas exploration in Pakistani waters, marking a significant step in expanding Ankara’s global energy footprint and strengthening bilateral cooperation between the two allied nations. The accord...

Global markets plunge as Trump’s tariff war escalates: S&P 500, Dow suffer historic losses

Global stock markets experienced a dramatic downturn on Friday, marking the worst crisis since the COVID-19 pandemic began. In response to President Donald Trump’s latest tariff hikes, China retaliated with its own set of tariffs on U.S. products, propelling the...

Trump announces sweeping tariffs, sparking fears of global trade war and sending global stocks plunging

U.S. President Donald Trump has announced a sweeping set of tariffs aimed at reshaping global trade.

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US and Iran delegations arrive in Islamabad for high-stakes peace talks

The first direct, high-level negotiations between the United States and Iran since the outbreak of the regional war are...