South Korea's Finance Minister Choi Sang-mok said on Sunday that last week's talks with the United States on its sweeping tariff scheme helped ease uncertainties and opened the door for orderly consultations.
Chaotic as it seems, Donald Trump’s tariff war and subsequent walk-backs are a deadly serious attempt by his team to address what they perceive as the core issues of the dollar-dominated global monetary system.
Apple plans to shift the assembly line of all US-sold iPhones to India as early as next year, according to people familiar with the matter.
A cartoon showing Donald Trump and Xi Jinping arguing into the twenty-second century, and progressively levying tariffs of a billion percent on each other, captures the essence of present developments. Probably, world leaders have to be reminded that levies beyond a point are meaningless ~ guaranteed only to bring international trade to a standstill.
Peter Navarro is the senior advisor for trade in the Trump administration. He is also a dedicated Trump loyalist, having gone to jail for three months during the Biden administration.
A Chinese foreign ministry spokesperson said on Thursday that the United States' 245 per cent tariff on certain products from China no longer makes economic sense.
The United States cannot act recklessly and the wheels of history cannot be reversed, Chinese Foreign Minister Wang Yi said on Friday.
Tech giant Samsung Electronics may need to overhaul its global production strategy as new US reciprocal tariffs could significantly affect its smartphone business, industry sources said on Sunday.
It had the hallmarks of a reality TV cliffhanger. Until recently, many people had never even heard of tariffs.
US President Donald Trump has once again turned to tariffs as a tool to reshape global trade. The latest round of levies introduces a 10 per cent baseline tariff on all imports while imposing higher duties on select countries.
