Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Trump played golf Saturday at his course in Turnberry on the southwest coast of Scotland and is expected to hit the links again frequently during his five-day visit. On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting Aug. 13 are already on offer. The visit with von der Leyen is expected to be behind closed doors and few further details have been released. Leaving the White House on Friday, Trump said we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU. He said the deal would have to buy
In recent months, Batam, a duty-free Indonesian enclave a short ferry ride from Singapore, has become a key waypoint in a convoluted global shuffle
A team of officials from Washington DC will visit India for a sixth round of negotiation, around a month after negotiators from both sides wrapped up the fifth round of talks in Washington last week
US President Donald Trump has proposed a 10 per cent tariff on all BRICS nations for conducting trade in non-dollar currencies, overlooking that such moves were prompted by Washington's own economic and geopolitical actions, economic think tank GTRI said on Friday. BRICS members are India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran. The Global Trade Research Initiative (GTRI) said the US sanctions and SWIFT bans on countries like Russia, Iran, and Venezuela, have blocked dollar-based payments, forcing nations like India and China to trade in local currencies with Russia. SWIFT is a global messaging system that routes payment instructions between banks worldwide. "The shift from dollar wasn't a revolt; it was the only route left," GTRI Founder Ajay Srivastava said, adding "over 90 per cent of Russia-?China trade is now settled in rubles or yuan; India pays for Russian oil in rupees and dirhams; even Saudi Arabia is o
US President Donald Trump confirms 25% tariffs on Japan, South Korea from August 1, rejecting delays. Reciprocal duties target 50+ countries as trade talks stall; retaliation warnings issued
Heading into the final days before the July 9 deadline, negotiators are scrambling to come up with trade pacts
The dollar retraced some of Thursday's gains with US markets already shut for the week, as traders considered the impact of the sweeping spending bill Trump is about to sign into law
Chinese goods face 55% tariffs, likely through August. Under the Vietnam deal, the US will impose 20% tariffs on Vietnamese exports and 40% on transshipped goods to curb Chinese tariff evasion
Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan's central bank released Tuesday, although worries persist over US President Donald Trump's tariffs. The Bank of Japan's quarterly tankan survey said an index for large manufacturers rose to plus 13 from plus 12 in March, when it marked the first dip in a year. The survey is an indicator of companies foreseeing good conditions minus those feeling pessimistic. Major manufacturers include auto and electronics sectors, whose exports to the US drive the Japanese economy. US auto tariffs are a worry for major manufacturers like Toyota Motor Corp, but some analysts note global auto sales have held up relatively well in recent months. The US has imposed 25 per cent tariffs on auto imports. Japanese automakers have plants in Mexico, where Trump has announced a separate set of tariffs. The US has also imposed 50 per cent tariffs on steel and aluminum. Japanese officials have been talk
Trump's latest round of brinkmanship with Tokyo on Monday comes just over a week before a July 9 deadline for higher tariffs to restart for dozens of trading partners, including Japan
Agreements with as many as a dozen of the US's largest trading partners are expected to be completed by the July 9 deadline, top Trump advisers said this week
The firm expects auto companies to pass along 80 per cent of the cost of Trump's tariffs, which it calculates as $1,760 more per car
An Illinois toy company challenged President Donald Trump's tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal. Learning Resources Inc filed an appeal asking the Supreme Court to take up the case soon rather than let it continue to play out in lower courts. The company argues the Republican president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. While the company won an early victory in a lower court, the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. The company argued in court documents the case can't wait that long, in light of the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by th
JLR's EBIT margin forecast was also below its reported margin of 8.5 per cent for the previous fiscal year
India had challenged the 25% US tariffs on automobiles at the WTO, claiming they were safeguard measures, but Washington insists they fall outside the Safeguards Agreement
The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the volatile food and energy components rising by the most in four months
The US and China are holding a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is not easy but the US was doing well at the negotiations. A Chinese delegation led by Vice Premier He Lifeng met US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer for several hours on Monday at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace. Wang Wentao, China's commerce minister, and trade negotiator Li Chenggang are also in Beijing's delegation. Asked late Monday how the negotiations were going, Trump told reporters: We are doing well with China. China's not easy. The two sides are trying to build on negotiations in Geneva last month that agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since the Geneva talks, the US and China have exchanged an
Indian Rupee today: The domestic currency closed 31 paise lower at 85.90 against the greenback, after closing at 85.59 on Tuesday
The Trump administration has confirmed that the tariffs announced under President Donald Trump will proceed, with no plans to extend the 90-day tariff pause
US-China truce in jeopardy as Washington and Beijing trade accusations over Geneva trade agreement violations