Notably, Switzerland is one of the countries with the highest duties imposed by US President Donald Trump's administration, with a 39% tariff rate implemented in August. It came after a Swiss delegation led by the country's President, Karin Keller-Sutter, failed to secure a trade deal fol
The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.
"I'm very strong on the dollar, and anybody that wants to deal in dollars, they have an advantage over people that aren't," Trump said. "I told anybody that wants to be in BRICS, that's fine, but we're going to put tariffs on your nation... Everybody dropped out. They're all dropping out of
In an official release, the Department of Posts of the Ministry of Communications said that the move follows the successful implementation of a new Delivery Duty Paid (DDP) mechanism to comply with updated regulations issued by US Customs and Border Protection (CBP).
The Chinese Ministry, in a statement, outlined a phased escalation for the special port fees on eligible US vessels berthing at Chinese ports, which will initially be 400 yuan ($56) per net ton from Tuesday and increase annually on April 17 for the subsequent three years.
US Treasury Secretary Scott Bessent said the US and China had "substantially de-escalated" and that he expected a planned meeting between Trump and Xi at the APEC forum in South Korea in late October to go ahead.
Indian stock market opened in the positive territory on Tuesday, though investors remained cautious as the India-US trade deal continues to progress with talks moving ahead.
ongress MP Jairam Ramesh on Monday highlighted US President Donald Trump's claim of stopping the India-Pakistan conflict, saying that this was the 51st time of his reiteration.
China rejected new US sanctions, saying it will take necessary steps to protect its interests. Foreign Ministry spokesperson Lin Jian urged the US to correct its approach and resolve differences through dialogue, stressing that both sides should maintain ties based on equality, respect, a
India's textile and apparel exporters are facing severe disruptions following the United States' imposition of a 50 per cent additional tariff, according to a nationwide survey conducted by the Confederation of Indian Textile Industry (CITI).
The Indian markets opened under pressure on Monday as selling returned to equities amid renewed global uncertainty following U.S. President Donald Trump's announcement of fresh tariffs on China.