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U.S. officials plan to use negotiations with more than 70 nations to isolate China amid trade war. Washington: U.S. President Donald Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China, The Wall Street Journal reported on Tuesday citing people with knowledge of the conversations. U.S….
Listen to article Gold prices in Pakistan surged to a record high on Friday, with the price per tola reaching Rs338,800, marking a single-day increase of Rs10,000. Silver prices remained stable at Rs3,234 per tola. The 10-gram gold price rose by Rs8,573 to settle at Rs290,466, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Internationally, gold…
Listen to article China has sharply increased tariffs on American imports to 125%, striking back at the United States in the latest escalation of trade tensions under President Donald Trump’s administration. The move was confirmed by China’s Customs Tariff Commission on Friday, in response to Washington’s tariff rate hike to a cumulative 145% on Chinese goods. China…
Asian shares sank on Friday in early trading after US stocks surrendered a chunk of their historic gains from the day before. The deepening worries over president Donald Trump’s trade war helped pull Japan’s Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.7% at 32,969.95. Meanwhile, the yen surged against…
Washington: Donald Trump’s reciprocal tariffs, which was meant to impose levies against all those who tariff US goods, has taken a fresh turn. It has evolved into a slugfest between China and the United States, with Washington now imposing a punishing 125 per cent tax on all Chinese goods. At the same time, tariffs on…
Beijing: China and the United States moved towards an all-out trade war on Tuesday after US President Donald Trump imposed an astounding 104 per cent in tariffs across all Chinese imports. Locked in a high-stakes game of brinkmanship, both nations refused to back down, with Beijing vowing to fight against America’s aggression “to the end.”…
Washington: Donald Trump has announced an additional 50 per cent tariff on China less than 48 hours after Beijing announced a tit-for-tat 34 per cent tariff on the United States, which Trump had declared two days earlier as part of his reciprocal tariff order. This now takes US’ tariff on all Chinese goods to an…
