Canada said it would impose a 25 percent tariff on tens of thousands of vehicles imported from the United States, retaliating against US President Donald Trump’s levies that came into effect on Thursday. Prime Minister Mark Carney announced “25 percent tariffs on all vehicles imported from the United States that are not compliant with CUSMA,” using …
Canada imposing 25% tariff on some US auto imports Read More »
Auto giant Stellantis said Thursday it was pausing production at some plants in Canada and Mexico, a major disruption for the sector on the day US President Donald Trump’s auto tariffs came into force.The announcement from Stellantis — which owns Chrysler, Jeep and Dodge, among other major brands — impacts thousands of workers who have …
Stellantis pausing some Canada, Mexico production over Trump auto tariffs Read More »
Stock markets and the dollar tumbled Thursday after President Donald Trump’s latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation.The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses also against the yen …
Trump tariffs hammer global stocks, dollar and oil Read More »
The historic Lutetia hotel in Paris, which was occupied by the Nazis during World War II and after liberation served as a welcome centre for concentration camp survivors, was on Thursday taken over by luxury hotel group Mandarin Oriental.Situated in the centre of the Left Bank area of the French capital, the Art Deco institution …
Iconic Paris hotel Lutetia taken over by Mandarin Oriental Read More »
US President Donald Trump’s tariffs were “highly unreasonable” and the government planned to start “serious negotiations” with Washington, Taipei said Thursday.Taiwan had sought to avoid Trump’s threatened levies by pledging increased investment in the United States, more purchases of US energy and greater defence spending.But Trump’s sweeping new tariffs announced overnight included a hefty 32 …
At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by “shocking” trade tariffs imposed on Vietnam that could severely impact their business.A manufacturing powerhouse that counted the United States as its biggest market last year, the Southeast Asian nation was hammered with a …
‘Shocking’: US tariffs worse than feared for Vietnamese exporters Read More »
India reacted cautiously on Thursday to US President Donald Trump’s sweeping tariffs, with the government saying it was examining both “implications” and “opportunities” from the duty hikes.Indian stocks fell at the open of trading on Thursday, with the benchmark Nifty index trading more than 0.3 percent down in the afternoon. Trump, speaking while unveiling the tariffs …
India eyes opportunity despite Trump tariffs hit Read More »
Across Asia, factory workers, directors, trade associations and analysts voiced concern Thursday that US President Donald Trump’s stinging tariffs could put jobs at risk and hammer key sectors of industry.Trump ramped up a global trade war as he imposed sweeping levies on imports into the United States on Wednesday, sparking worries about what the implications …
Trump tariffs spark fears for Asian jobs, exporting sectors Read More »
US President Donald Trump intensified a global trade war Wednesday as he slapped sweeping tariffs on imports from allies and foes alike, sending markets into a tailspin and upending decades-long free trade norms.The EU and China vowed retaliation against the levies, with Australia’s leader saying the new tariffs were “not the act of a friend” …
Trump escalates trade war with sweeping global tariffs Read More »
Japan slammed Thursday as “extremely regrettable” US President Donald Trump’s sweeping new tariffs, saying they may break WTO rules and the two countries’ trade agreement.Japanese firms are the biggest investors into the United States but Tokyo has failed to secure an exemption, with Trump announcing a hefty 24-percent levy on Japanese imports.”I have conveyed that …
Japan says US tariffs ‘extremely regrettable’, may break WTO rules Read More »
