Tag Archives: US tariffs

Representative image (AP) As a countermeasure to US tariffs imposed by President Donald Trump, China has expanded its sweeping export restrictions on strategic minerals critical to defence, clean energy, and high-tech industries.The latest development brings out Beijing’s growing willingness to weaponize its dominace over global mineral supply chains. Rare Earths and permanent magnets On Friday, China placed seven categories of …

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium. US President Donald Trump’s increased tariffs of 25 per cent on all steel and aluminium imports took effect …

European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity as the eurozone grapples with sluggish growth. This move, which lowers borrowing costs for both consumers and businesses, comes amid mounting concerns about the impact of potential trade conflicts with the US and rising defence spending.The ECB’s …

NEW DELHI: The exodus of Foreign Portfolio Investors (FPIs) from the equity markets continued unabated, as they withdrew over Rs 7,300 crore (about $840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China.This came following an outflow of Rs 78,027 crore in the …

London’s FTSE 100 Index tumbled down, plunging by 1.2 per cent during early trade on Monday, following concerns over a new wave of US tariffs uncertain global markets. The blue-chip index fell 105.8 points to 8,568.2 after US President Donald Trump announced fresh tariffs and warned that the European Union could be next in line.Trump did not rule out targeting …