Chinese Foreign Minister, Wang Yi on Tuesday, urged Britain and the European Union to safeguard multilateral trading systems, as Beijing seeks to rally support from trading partners to counter US tariff measures. DAILY POST reports that China and the United States have… US Tariffs: Uphold multilateral trading systems – China urges UK, EU …C0NTINUE READING … Read more
Governor Gavin Newsom has declared the readiness of the state of California to commence legal action against President Donald Trump for imposing tariffs on imports into the United States. Newsom, a Democratic Party member, announced that the lawsuit would challenge the… California announces suit against Trump over US tariffs …C0NTINUE READING HERE >>>>
Bank of Canada on Wednesday said inflation in Canada would spike and the country would enter a deep recession if US tariffs trigger a global trade war. The central bank, while citing the high level of uncertainty, did not issue its regular quarterly economic forecasts. The… US tariffs could trigger deep recession – Bank of … Read more
Chinese Trade Minister, Wang Wentao has insisted that the continuous introduction of tariffs by the US government will cause great harm to the developing world and may even spark a “humanitarian crisis,” Bloomberg reports. Wang stated this while speaking with Ngozi… US tariffs could spark humanitarian crisis – China …C0NTINUE READING HERE >>>>
The Chinese Minister of Commerce, Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the United States’ “reciprocal tariffs”. The ministry said of Friday that the conversations took place over separate… China speaks with Saudi Arabia, South Africa about response to US tariffs …C0NTINUE READING HERE … Read more
Australia on Thursday turned down Beijing’s proposal to work together to counter US tariffs. This was as it said it would instead continue to diversify its trade and lower its reliance on China, its largest trading partner. Deputy Prime Minister Richard Marles stated this… Australia declines China’s offer to ‘join hands’ to fight US tariffs … Read more
Madagascar is at the verge of losing around 60,000 textile sector jobs due to the US President Donald Trump’s 47% tariff on the country. According to the formula used to calculate the latest US tariffs, low-income countries like Madagascar which import small quantities of US… US tariffs: Madagascar risks losing 60,000 textile jobs …C0NTINUE READING … Read more
European Union countries will, on Wednesday, approve the bloc’s first countermeasures against U.S. President Donald Trump’s tariffs, joining China and Canada in retaliating and escalating a conflict that could become a global trade war. This will come on the day that… EU countries set to approve first retaliation against US tariffs …C0NTINUE READING HERE >>>>
American billionaire businessman, Elon Musk made repeated attempts to try to stop his principal, President Donald Trump from continuing with the wave of global tariffs, according to Washington Post. The tariffs imposed on countries globally have created turmoil in… US tariffs: Rift between Trump, Elon Musk grows as President rejects advice to reverse decision …C0NTINUE … Read more
Singapore on Tuesday said US President Donald Trump’s tariffs are not actions one does to a friend, stating that the government will likely downgrade this year’s economic growth forecast. Prime Minister Lawrence Wong, in an address to Parliament, warned that the likelihood… Singapore condemns US tariffs …C0NTINUE READING HERE >>>>