Taiwan’s President Lai Ching-te has committed to addressing concerns raised by US President Donald Trump regarding the semiconductor industry. Lai announced plans to enhance US investment and procurement while also strengthening Taiwan’s defense spending. His remarks came in response to Trump’s directive to impose reciprocal tariffs on trade partners that tax US imports. Trump has … Read more
India will continue to bring down tariffs and phase out additional levies on imports as domestic manufacturing improves, a top finance ministry official said, ahead of Prime Minister Narendra Modi’s visit to the US. “We will soon start stakeholder consultations with ministries on whether rates can be lowered further without impacting the industry,” Sanjay Agarwal, … Read more
Outgoing Canadian Prime Minister Justin Trudeau said Canada will place 25 per cent tariffs on USD 155 billion in US imports in retaliation for Donald Trump’s tariffs, urging people of his country to buy local products and consider vacationing domestically.US President Donald Trump announced tariffs on Saturday, targeting major US trade partners, including Canada, Mexico, … Read more
Donald Trump plans to impose tariffs larger than 2.5% as part of his strategy to reshape US supply chains. He discussed tariffs on sectors like semiconductors, pharmaceuticals, and metals, and suggested tariffs on Canadian and Mexican cars, along with 25% tariffs starting February 1. Trump claims this will cut taxes, boost jobs, and support … Read more
The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. The dollar rose over 2% against the Mexican peso and 1% against its Canadian counterpart. The dollar … Read more