US President Donald Trump and Chinese leader Xi Jinping agreed to further talks between the countries to hash out differences on tariffs that have roiled the global economy, according to US and Chinese summaries of their phone call on Thursday. “There should no longer be any questions respecting the complexity of Rare Earth products,” Trump wrote on social media. “Our …
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US President Donald Trump signed a new travel ban that comes into effect on Monday targeting 12 countries, including Afghanistan, Iran and Yemen, reviving one of the most controversial measures from his first term. Trump said on Wednesday the measure was spurred by a makeshift flamethrower attack on a Jewish protest in Colorado that US authorities blamed on a man …
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US Federal Reserve Governor Christopher Waller hinted on Monday that interest rate cuts could still be on the table in the coming months, even amid potential inflationary pressures from newly introduced tariffs.Speaking at an event in Seoul, South Korea, Waller said, “I support looking through any tariff effects on near term-inflation when setting the policy rate,” adding that the inflation …
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If the ruling is upheld it could mean the Trump administration will have to reimburse the substantial import duties already collected. (AI image) What will happen if the US trade court ruling against American President Donald Trump’s reciprocal tariffs is upheld? If that happens, it could necessitate the Trump administration to refund billions in import duties that have already been …
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The falling oil prices, influenced by US President Donald Trump‘s policies and OPEC+’s increased output quotas, have pushed crude costs to their lowest since the Covid pandemic, benefiting consumers whilst creating challenges for producers.Brent North Sea crude currently trades below $65, significantly lower than the $120 peak witnessed in 2022 after Russia’s invasion of Ukraine.The declining oil prices have helped …
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The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new analysis by the Global Trade Research Initiative (GTRI).Beginning June 4, the higher duties are expected to raise product costs for Indian manufacturers and exporters in the American market, potentially affecting …
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US President Donald Trump said that representatives from Pakistan are coming to the United States next week as the South Asian country seeks to make a deal on tariffs. Pakistan faces a potential 29% tariff on exports to the United States due to a $3 billion trade surplus with the world’s biggest economy, under tariffs announced by Washington last month …
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Donald Trump has always called China the ‘biggest abuser’ on tariffs. (AI image) US President Donald Trump claims he was a ‘Nice Guy’ with China – that he helped China out of a ‘devastating’ situation when the world’s second largest economy was in ‘grave economic danger’. But, China ‘violated’ its agreement with the US, Trump has said in his latest …
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America tightens social media vetting: Is your online profile putting your student visa at risk In a significant and controversial shift in US immigration policy, Secretary of State Marco Rubio has ordered the suspension of student visa processing across all US consular posts worldwide. The move, prompted by the Trump administration’s decision to expand social media screening of applicants, marks …
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Donald Trump has sought to restructure America’s international trade relationships. (AI image) The Donald Trump administration has lashed out at a US trade court ruling striking down the President’s reciprocal tariffs. The White House has said that the US trade policy will continue and the government is reviewing other avenues as well.The Trump administration sharply criticised a federal court’s ruling …
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