US president Donald Trump on Tuesday announced that the Philippines will pay a 19% tariff under a new trade agreement between the two countries.“It was a beautiful visit, and we concluded our trade deal, whereby the Philippines is going open market with the United States and zero tariffs. The Philippines will pay a 19% tariff,” news agency Reuters reported Trump …
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A Boeing 737 MAX 8, the second jet intended for use by a Chinese airline to be returned to its manufacturer, lands at Boeing Field, as trade tensions escalate over US tariffs with China, in Seattle, Washington, US April 22, 2025. — Reuters SEOUL: A new Boeing MAX landed back in China on Monday, flight tracking data showed, a sign …
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A worker holds a rock at a gold mine. — Reuters/File Pakistan faces potential 29% tariff on exports to US. Kamal gives no further detail on bidding process of mines. Reko Diq seeks up to $2 billion in financing. ISLAMABAD: Pakistan plans to offer concessions to US companies to invest in its mining sector as part of negotiations with Washington …
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A general view of Gwadar port in Gwadar, Pakistan October 4, 2017. — Reuters Pakistan plans to significantly reduce import duties over the next five years as part of its National Tariff Policy 2025-30 in an attempt to boost industrial growth and exports through a more competitive trade regime. Under the plan, to be initiated in the fiscal budget for …
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US stocks rose on Friday, putting the S& Index on track for logging the longest winning streak in more than 20 years and making a full recovery from April tariff turbulence as strong jobs data and progress on international trade talks boosted investors’ confidence. The S& rose 1.5% as of 12:30pm in New York. Source link
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The trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs.Strategists at Goldman Sachs recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Source link
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China on Wednesday unexpectedly appointed a new trade negotiator key in any talks to resolve the escalating tariff war with the US, replacing veteran trade tsar Wang Shouwen with its envoy to the World Trade Organisation. Li Chenggang, 58, a former assistant commerce minister during the first administration of US President Donald Trump, takes over from Wang, 59, the human …
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MUMBAI: Dalal Street, which weathered a contagion effect from the tariff-triggered global market meltdown on Thursday, caved in on Friday as selling around the world’s markets intensified that affected investor sentiment in the domestic market also. After the US imposed a set of tariffs on almost all the countries around the world, China on Friday announced a 34% retaliatory tariff …
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Vodafone Idea CEO Akshaya Moondra during an earnings call on Wednesday said that current ‘return on capital‘ metrics in Indian telecom sector justifies shorter, even nine-month time gap between two rounds of tariff hikes, against an “ideal” 12-month duration between two such rounds. Jio, Airtel and Vodafone Idea had raised tariffs in July last year. Source link
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