trade war
Trump Announces 100% Tariff on Foreign-Made Semiconductors
US President Donald Trump has announced a 100 percent tariff on foreign-made semiconductors, with exemptions for companies that have invested in the US. Trump stated, “We’ll be putting a tariff on of approximately 100 percent on chips and semiconductors, but if you’re building in the United States of America, there’s no charge, even though you’re […]
US Imposes Additional 25% Tariff on India for Russian Oil Imports
The United States has imposed an additional 25% tariff on India for “directly or indirectly importing Russian oil.” This decision comes as part of a presidential executive order signed by US President Donald Trump, aimed at addressing the ongoing situation in Ukraine. According to the order, the actions and policies of the Government of the […]
Trump’s Transshipment Crackdown: A Threat to Asian Economies
Southeast Asia’s export-driven economies are facing new uncertainty due to United States President Donald Trump’s trade war, specifically his administration’s crackdown on exports directed through third countries to avoid tariffs on China. Under an executive order issued by Trump, goods imported into the US will face a punitive 40 percent tariff, plus penalties and applicable […]
Trump’s Trade War Escalation: Tariffs on 14 Countries
United States President Donald Trump has intensified his trade war by imposing steep tariffs on more than a dozen countries, including key US allies Japan and South Korea. Trump’s latest trade threats put 14 countries on notice that they will face tariffs of 25 to 40 percent from August 1 unless they take more US […]
Global Markets Stay Calm as Trump Tariff Deadline Passes
Despite rising trade tensions and a looming deadline for new U.S. tariffs, global financial markets have remained remarkably calm, showing resilience that contrasts sharply with previous periods of uncertainty during former President Donald Trump’s earlier tariff regimes. As of July 7, 2025, the global investment community has largely shrugged off Wednesday’s tariff deadline, which marked […]
Xi Jinping Warns Against “Bullying” and “Hegemonism” in Trade
Chinese leader Xi Jinping has warned that “bullying” and “hegemonism” will only backfire, in a veiled reference to the United States, just a day after a temporary truce was agreed in the trade war between the world’s two largest economies. Xi chose to deliver this message at a summit of Latin American and Caribbean officials […]
China Reopens Door to US Trade Talks,
In a significant diplomatic overture, China has reaffirmed its openness to resuming stalled trade negotiations with the United States, signaling a potential de-escalation of trade tensions that have rattled global markets since the beginning of US President Donald Trump’s second term. Speaking at a routine press briefing in Beijing on Wednesday, Chinese Foreign Ministry spokesman […]
EU Readies Countermeasures to Trump’s Tariffs
The European Union has pledged to take decisive action in response to the newly imposed tariffs by U.S. President Donald Trump, while reassuring citizens that Europe is equipped to weather the storm. European Commission President Ursula von der Leyen announced the EU’s stance on Thursday. She emphasized that the bloc is preparing countermeasures to protect […]
Canada-US Trade War: Trump’s Policies Bring Canadian PM to Tears
Canadian Prime Minister Justin Trudeau was visibly emotional during a press conference in Ottawa, following US President Donald Trump’s tariff war threats. A viral video showed Trump mocking Trudeau, threatening to annex Canada as the 51st state, and referring to him as “Governor Trudeau.” The trade war between the US and Canada began when Trump […]