US president says EU 'not complying' with current trade deal; launches latest tariffs amid global economic uncertainty.
Japan’s effort to shield itself from President Donald Trump’s tariffs is facing a new backlash, with environmental groups warning that US projects tied to Tokyo’s investment pledge could generate greenhouse gases equal to around 20 per cent of Japan’s annual emissions. The Japanese government agreed to invest 5.7 trillion yen (US$35.6 billion) in the three projects as part of the first round of spending on US infrastructure in return for Trump’s tariffs being suspended. In total, the bilateral...
The tit-for-tat tariff increase comes amid cross-border tension over illicit drugs and fate of politician Jorge Glas.
US president has said that he will use tariffs to bring down costly medical drugs, but the impact remains uncertain.
Direct trade between China and the United States continues its shrinking trend, new US government data showed on Thursday, as the anniversary of “Liberation Day” highlights how last year’s tariff escalations deepened tensions between the two global powers. The figures come ahead of a planned leaders’ meeting in Beijing next month, where both sides are expected to explore ways to stabilise relations after a period of renewed economic strain, and just hours before he announced a fresh set of...