tariffs News

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Trump extends deadline to reinstate China tariffs

President Donald Trump postponed the reinstatement of high U.S. tariffs on Chinese goods for another 90 days, a White House official told CNBC.

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U.S.-China tariff extension still uncertain as disputes resurface

The U.S. and China have yet to declare an extension to their tariff deadline, with tensions over several thorny issues flaring just as a fragile truce nears its expiry.

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SMIC sees strong demand offsetting U.S. tariff concerns

Semiconductor Manufacturing International Corp (SMIC) expects strong domestic demand to keep its production capacity tight until October, with co-CEO Zhao Haijun noting that U.S. tariff policies have not caused the “hard landing” the company initially feared.

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Trump doubles tariffs on Indian imports to 50%

In a sharp escalation, the U.S. is set to impose 50% tariffs on Indian goods, penalizing New Delhi’s continuing oil trade with Russia. Experts warn of heavy blows to textiles, engineering goods, gems, and more.

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Trump warns of 250% tariffs on drug imports

President Donald Trump said that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far, told CNBC’s “Squawk Box”.

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EU delays tariff response to US for six months

The European Union revealed a six-month suspension of its planned countermeasures against the United States' tariffs, which were due to take effect this week.

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Pakistan’s Army Chief Asim Munir becomes central to U.S. policy shift

Pakistan has strengthened its diplomatic ties with the United States under the leadership of Field Marshal Asim Munir, signaling a strategic shift in regional alignments, according to The Economist.

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Trade tensions cool as U.S., EU reach agreement

President Donald Trump declared that the United States has reached a significant trade agreement with the European Union, just days before the looming August 1 tariff deadline.

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U.S. tariff hike raises pressure on Asian allies

U.S. President Donald Trump has targeted Japan and South Korea, two of America’s closest allies in Asia in the first round of newly issued “tariff letters,” escalating existing trade tensions.

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Trump’s tariffs no longer seen as inflation threat

President Donald Trump’s earlier tariff policies, once expected to spark a sharp surge in inflation, are no longer viewed as a major threat

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