Trump and Xi Strike Tariff Deal to Ease U.S.-China Tensions
U.S. President Donald Trump announced he reached a deal with President Xi Jinping to lower tariffs in exchange for China cracking down on illegal fentanyl, resuming U.S. soybean purchases, and maintaining rare earth exports. Their first face-to-face meeting since 2019 took place in Busan, South Korea, as part of Trump’s
India on Edge as Trump Unveils 100% Tariff on Pharma
US President Donald Trump announced new tariffs on pharmaceutical imports, with rates up to 100 percent starting October 1, 2025. India, a major exporter of generic and biosimilar drugs to the US, could be heavily impacted by these measures. Trump stated that branded and patented pharmaceutical products would face tariffs
Trump Targets India Over Russia Oil, Hints at Heavy Tariffs
U.S. President Donald Trump escalated trade friction Monday, warning of steeper duties on Indian exports due to its continued oil purchases from Russia. New Delhi rejected the threat as “unfounded” and pledged to protect its economic interests. In a pointed social media post, Donald Trump alleged that India is reaping
Trump Objects Central Asia for Abraham Accords Expansion Push
Trump advisors are exploring an extension of the Abraham Accords to include Azerbaijan and key Central Asian nations in an effort to strengthen Israel’s regional alliances and broaden U.S. influence. Given their existing diplomatic links with Israel, Azerbaijan and Central Asia’s inclusion in the Abraham Accords would be mostly formal,
UN May Eliminate 7,000 Jobs Amid Financial Crisis
According to a memo seen by Reuters, the United Nations Secretariat plans to reduce its budget by 20% and eliminate about 6,900 jobs. The United States and its funding problems are causing a financial crisis for the world body, so the Organisation is urging all member states to suggest cuts
Trump Threatens China With 50% Tariff as Global Markets Slide
Tensions flared on Monday in the U.S. President Donald Trump escalated his tariff battle with China, threatening a 50% levy on Chinese imports if Beijing does not retract its newly imposed 34% counter-tariff. The warning, issued via Trump’s Truth Social post, comes just days after his “Liberation Day” policy slapped
Japan’s Current Account Booms While Trump Tensions Loom
Japan’s current account surplus reached an all-time high in 2024, driven largely by the yen’s depreciation, which boosted returns on overseas investments. This surge comes amid growing concerns over the impact of US President Donald Trump’s economic policies. According to data from the Finance Ministry released on Monday, the surplus
Will Trump’s Tariffs Cripple China’s Economy?
An independent commission advising Congress on China has recommended revoking Beijing’s trade privileges, potentially granting U.S. President-elect Donald Trump more power to impose tariffs on Chinese imports. The Chinese economy is now more vulnerable than ever. It is now believed that Trump may impose 60% tariffs on the import of
