The US imposed sanctions on Wednesday on Shandong Shengxing Chemical Co., Ltd, a Chinese refinery, for buying over USD 1 billion worth of Iranian crude oil.
Taiwan is cracking down on China's mislabeling practices, particularly the use of fake "Made in Taiwan" labels, amid ongoing discussions with the US regarding tariffs.
India's port sector, especially the container volume, is likely to be impacted significantly by the US tariff and the potential global growth slowdown, according to a report by Jefferies.
Trump had imposed reciprocal tariffs on dozens of countries with which the country has a trade deficit. Later, President Trump had decided to paused the tariffs for 90 days, after many countries initiated talks with the US administration for a trade deal.
The US crackdown, imposing 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India's small manufacturers, offering them a short-term export window, said Global Trade Research Initiative (GTRI) on Wednesday.
As trade tensions between the US and China escalate, the risk of China dumping electronics products in India has increased. Chinese companies are now looking to expand their presence in India by offering discounts to Indian buyers to make up for lost sales in the US.
While addressing a press briefing on Tuesday (local time), Bruce said that the US remains committed to NATO and is trying to make the alliance deterrent, not to help with wars, fight them, or fund them. She stated that NATO was meant to be a collection of entities that would stop bad actors
The US Department of State during its press briefing addressed the questions on the rise of extremism and anti-Semitism in Bangladesh, along with the targeting of American companies in the country. Spokesperson Tammy Bruce underscored the importance of the future of Bangladesh to be decid
The State Department of the US shared updates about the Middle East on Tuesday (US Local time) and said that the US is working to have a ceasefire and change the trajectory on ground. Bruce also reiterated the stance on Iran as the negotiations continue between the US and Iran.
The US Department of State said on Tuesday (US local time) that America continues to push for a ceasefire between Russia and Ukraine. Until the ceasefire is achieved, spokesperson Tammy Bruce said, "there would be no negotiations, no decisions, no arrangements until after the carnage has