Tag: trade war

Amid turmoil over tariffs, Bessent rises in Trump trade world

WASHINGTON, April 10 – Minutes after President Donald Trump announced a 90-day pause on a tariff plan that triggered a stock market rout and global upheaval, U.S. Treasury Secretary Scott Bessent strode out of the White House to explain the abrupt turnabout. “President Trump created maximum negotiating leverage for himself,” Bessent told […]

France, US near trade war in digital tax row

France warned the United States on Tuesday of strong EU retaliation if it imposed tariffs on French products ranging from sparkling wine to cheese and handbags, in an intensifying row over taxing digital giants that risks spiralling into a new trade war. The French parliament infuriated the administration […]

Signs of hope as Trump says US-China trade talks back on

There were signs of a thaw in trade-war  tensions between China and the US on Monday as President Donald Trump said delegations would “very shortly” resume talks and Beijing’s top negotiator called for “calm”. The two sides have been embroiled in a bruising year-long dispute that has seen […]

Rupee slumps 23 paise vs US dollar on persistent trade war worries

Mumbai :  Falling for the fourth straight session, the rupee depreciated by 23 paise to 69.94 against the US dollar Thursday on unabated foreign fund outflows amid simmering US-China trade tensions. Firming oil prices and a prolonged spell of weakness in the equity markets also weighed on the domestic […]

China retaliates, slaps duties on U.S. soybeans, planes; markets skid

open view web desk BEIJING/WASHINGTON- China hit back quickly on Wednesday against the Trump administration’s plans to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. The speed with which the […]

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