Trump’s tariffs

November 7, 2025 10:07 AM

China’s exports suffer worst downturn since Feb as tariffs hammer US demand

China's exports unexpectedly fell in October following months of front-loading to beat President Donald Trump's tariffs, giving voice to investor concerns over the broader economic impact of a rift in U.S.-China trade ties. Outbound shipments from the world's second-largest economy shrank 1.1% last month, the worst performance since February, customs data showed on Friday, reversing from an 8.3% rise in September, and missing a forecast for 3.0% growth in a Reuters poll. The figure was affecte...

April 3, 2025 2:01 PM

World leaders condemn Trump’s tariffs, some pledge retaliation

Countries across the world, including some of America's closest allies, condemned President Donald Trump's announcement of reciprocal tariffs and some pledged counter-measures while hoping the White House would be open to negotiations. China urged the United States to immediately cancel its latest tariffs and vowed to safeguard its own interests, threatening to spiral the world's largest economies deeper into a trade war that is likely to upend global supply chains. "This is not the act of a f...

April 3, 2025 3:10 PM

India’s export competitiveness to US less impacted by Trump’s tariffs, experts say

As US President Donald Trump announced reciprocal tariffs on a wide range of countries, including India, industry experts suggested on Thursday that the impact on India's export competitiveness to the US market may be less significant compared to its global peers. The new tariffs, which are part of Trump’s efforts to realign global trade and manufacturing value chains, include a 27% tariff on Indian exports, in addition to the existing 10% baseline duties. Experts believe that while the tarif...

March 14, 2025 8:00 AM

G7 seeks unity as Trump’s tariffs, Ukraine stance weighs on ties

Diplomats from the G7 nations were set to negotiate late into the night over a joint statement to show a united front in Canada on Thursday after weeks of tension between U.S. allies and President Donald Trump over his upending of Western trade and security policy. The Group of Seven ministers from Britain, Canada, France, Germany, Italy, Japan and the United States, along with the European Union, convened in the remote tourist town of La Malbaie, nestled in the Quebec hills, for meetings on Th...