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Searched Tag: us tariff hikes
Leaders of BRICS nations pose for the official photograph.

BRICS condemns US tariff hikes, warns of trade disruption

July 7, 2025, 10:24 AM - 4 min read

As Middle East tensions and US trade policies dominated BRICS discussions, the bloc condemned tariffs, Israel’s military actions, and NATO’s growing military budgets.

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India tries to fast track US trade agreement. File Photo.

India-US trade deal likely soon, says US Commerce Secy Lutnick

June 3, 2025, 10:17 AM - 4 min read

A trade agreement between India and the United States may be on the horizon, with U.S. Commerce Secretary Howard Lutnick expressing optimism about its prospects.

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International Trade Centre Executive Director Pamela Coke-Hamilton said in Geneva.

US tariffs may shrink global trade by 3 pc: UN economist

April 12, 2025, 10:01 AM - 5 min read

US President Donald Trump unveiled a massive tariff plan last week. The White House later announced a 90-day pause on “reciprocal tariffs” for most countries except China, which in turn decided to impose 125 per cent tariffs on US imports. 

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RBI cuts rate as Malhotra warns of tariff impact.

RBI Guv Malhotra says US tariffs hit growth more than prices

April 9, 2025, 04:05 PM - 3 min read

The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, has expressed greater concern over the impact of US-imposed tariffs on India’s economic growth than on inflation.

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Representative image.

SA shifts trade focus from US to India, China

April 8, 2025, 10:27 AM - 5 min read

South Africa is seeking to deepen trade relations with India, China and others as it faces a 30 per cent US tariff, Deputy President Paul Mashatile has said, stressing the importance of diplomatic engagement and continental solidarity through the G20.

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Representative use.

China stocks nosedive in worst fall since 2008 crash

April 7, 2025, 01:00 PM - 3 min read

Chinese stocks suffered their worst rout since 2008 on Monday, as tit-for-tat tariff moves between the US and China sparked fears of a protracted trade war. President Trump’s reciprocal tariff order and Beijing’s retaliation led to massive losses across Asia’s financial markets.

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US President Donald Trump.

Global markets fall on US tariffs; Trump calls it 'medicine'

April 7, 2025, 08:23 AM - 6 min read

President Trump has reaffirmed his decision to impose sweeping tariffs from Wednesday, likening them to “medicine” as global markets plunge. Despite market turmoil and international backlash, Trump said the United States would no longer tolerate trade deficits, promising to secure fairer deals through tough negotiations.

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Representative Image.

US markets lose $2 trillion after Trump tariff shock

April 4, 2025, 01:15 PM - 3 min read

Global markets plunged on Thursday, with US stocks losing nearly $2 trillion in value after President Trump unveiled new tariffs. The Dow fell by 1,679 points and the S&P 500 saw its worst day since 2020.

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EU Chief Ursula Von Der Leyen. Image: X

Trump tariffs a major blow to global economy: EU Chief

April 3, 2025, 02:01 PM - 3 min read

She said that “Brussels was prepared to respond” with “new countermeasures to mitigate the losses and protect the interests of the people and businesses if negotiations fail.”

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US President Donald Trump with China's President Xi Jinping.

China vows strong countermeasures as US slaps 34% tariffs

April 3, 2025, 12:14 PM - 4 min read

China has vowed to retaliate after the US imposed 34% reciprocal tariffs, calling it an “act of US bullying” and a violation of trade rules. The tariffs, announced by President Donald Trump, will be enforced in two phases starting April 5, escalating tensions between the two economic giants.

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United States President Donald Trump (L), Canadian Prime Minister Justin Trudeau (R).

Trudeau lambasts Trump over Canada trade war, Putin policies

March 5, 2025, 08:44 AM - 4 min read

Canadian Prime Minister Justin Trudeau lambasted US President Donald Trump for imposing tariffs on Canada while working with Russian President Vladimir Putin. He warned of retaliatory tariffs and vowed never to let Canada become the '51st state'.

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US President Doanld Trump. Image: X

China slams 20 pc tariff hike by US, calls for equal talks

March 4, 2025, 12:51 PM - 2 min read

The latest tariffs come into effect on Tuesday, as Trump doubled tariffs on Chinese imports to the US.

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