Samsung Electronics announced its second-quarter operating profit dropping by nearly 56 per cent compared to the same period last year, largely due to downturn in its semiconductor business and the impact of U.S. trade restrictions, as reported by the Korea Herald.
A source familiar with the situation said that the 14 countries on the list were there because the United States felt trade negotiations with them had not made progress, were not successful, or were not worth continuing.
In June, Taiwan's exports marked a new monthly high to USD 53.32 billion level, marking the 20th consecutive month of growth and a 33.7 per cent rise year-on-year, as reported by the Focus Taiwan.
The United States Trade Representative (USTR) has invited Bangladesh to the second round of negotiations on the Agreement on Reciprocal Tariff from July 9 to 11, 2025.
A day after Donald Trump announced reciprocal tariffs on 14 countries, two days ahead of his deadline day of July 9, the US President on Tuesday (local time) stated that his administration will be revealing a minimum of seven countries that the US will do trade with on Wednesday morning (
Trump alleged the BRICS group is working to weaken the US dollar. During a Cabinet meeting under his leadership, Trump issued a stern warning, stating, "They will certainly have to pay 10% if they are in BRICS because BRICS was set up to hurt us, to degenerate our dollar..."
US President Donald Trump announced that tariffs will start being paid from August 1, 2025, with no extensions allowed. He confirmed that all related payments will be due from that date as stated in letters sent to various countries.
As global trade tensions rise with the return of high tariffs under US President Donald Trump's policy, questions are being raised on whether countries affected by these tariffs will sell off their dollar-denominated assets to manage the financial burden.
US President has again turned to tariffs as a pressure tool in trade negotiations, a report by the Global Trade Research Initiative (GTRI) has said that Trump is using tariffs not to build partnerships, but as a tool to force countries into compliance.
Taiwan's Minister of Economic Affairs, Kuo Jyh-huei, on Monday said the negotiations on the tariff between the United States and Taiwan, is still going on reports Focus Taiwan.
Indian stock markets opened under pressure on Tuesday as concerns over US President Donald Trump's fresh tariff measures took centre stage. However, investors appeared to adopt a cautious "wait and watch" approach, awaiting further clarity on developments.