9 h. ago Canada’s Carney unveils billions in relief hit by Trump and China tariffs

Canadian Prime Minister Mark Carney on Friday rolled out a multibillion-dollar relief package for businesses battered by tariffs imposed by both the US and China. Carney said his government will invest C$5 billion (US$3.6 billion) through a new fund to help firms adapt, diversify and grow, as well as boost Business Development Bank of Canada loans for small and medium-sized businesses and expand a loan facility for tariff-hit large enterprises. He also said his government would waive 2026 model...

Politics

12 h. ago EU hits Google with US$3.45 billion fine, drawing tariff threat from Trump

The EU on Friday slapped Google with a massive €2.95 billion (US$3.45 billion) antitrust fine for favouring its own advertising services, drawing a furious rebuke from US President Donald Trump and a threat of fresh tariffs against Europe. Google vowed to appeal the decision by the European Commission, which accused the US firm of distorting competition in the 27-nation bloc. “Google abused its dominant position in adtech, harming publishers, advertisers, and consumers. This behaviour is illegal...

Economics

18 h. ago 'Lost India, Russia to deepest, darkest China': Trump's cryptic post amid tariff row; wishes for 'prosper

'Lost India, Russia to deepest, darkest China': Trump's cryptic post amid tariff row; wishes for 'prosper  Times of India

Politics

19 h. ago Hong Kong must be louder on trade to fight off threat of Trump protectionism

Few economies depend as heavily as Hong Kong on a free and open multilateral trading system. Few have as much to lose if the current US administration succeeds in disembowelling the World Trade Organization and miring international trade in tariffs and other forms of protectionism. Yet as the global trading system faces a protectionist assault, Hong Kong’s voice is nowhere to be heard. Our economy has a vested interest in pushing back against the chaotic trade protectionism that US President...

Politics

25 h. ago Trump threatens tariffs on chip imports from firms not producing in US

US President Donald Trump said on Thursday his administration would impose tariffs on semiconductor imports from companies not shifting production to the US, speaking ahead of a dinner with major technology company CEOs. Since returning to office in January, Trump’s threat of tariffs has alienated trading partners, stirred volatility in financial markets and fuelled global economic uncertainty. “Yeah, I have discussed it with the people here. Chips and semiconductors – we will be putting tariffs...

Politics

29 h. ago How Trump's tariffs are pushing food and drink exporters closer to China

How Trump's tariffs are pushing food and drink exporters closer to China  BBC

Politics

31 h. ago Trump tariffs live updates: Trump files appeal to Supreme Court, says US may 'unwind' deals if it loses case

Trump tariffs live updates: Trump files appeal to Supreme Court, says US may 'unwind' deals if it loses case  Yahoo Finance

Politics

32 h. ago Mexico considering imposing tariffs on China, President Sheinbaum says

Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China. The tariffs would be part of “Plan Mexico”, an initiative to boost domestic industry amid tariffs imposed by US President Donald Trump on some imports from Mexico. “We are considering tariffs as part of Plan Mexico, which we’ve proposed since we came into office,” said Sheinbaum. China is among countries...

Politics

49 h. ago US asks Supreme Court to overturn ruling that bars Trump’s tariffs

The US government has asked the Supreme Court to overturn a federal appeal court ruling that declared US President Donald Trump’s use of emergency executive powers to impose tariffs unlawful. The move sets up a high-stakes legal showdown over the limits of presidential authority in trade policy. In its appeal filed on Wednesday, the Trump administration told the high court that the case “addresses the validity” of the government’s “most significant economic and foreign-policy initiative”. “The...

Politics

58 h. ago Trump tariffs live updates: Trump to appeal to Supreme Court, says US may 'unwind' trade deals if it loses case

Trump tariffs live updates: Trump to appeal to Supreme Court, says US may 'unwind' trade deals if it loses case  Yahoo Finance

Politics

67 h. ago Trump tariffs live updates: Trump seeks Supreme Court 'emergency' hearing, rules out India tariff cuts

Trump tariffs live updates: Trump seeks Supreme Court 'emergency' hearing, rules out India tariff cuts  Yahoo Finance

Politics

3 d. ago Indian textile industry must dig deep to survive US tariff shock

The Indian textile industry is staring down its worst crisis yet, as an additional 25 per cent tariff imposed by US President Donald Trump on India for buying Russian oil came into effect on August 27, taking the total levy on India’s exports to the United States to a staggering 50 per cent. Trump’s astounding tariffs not only threaten the successful 25-year-old trade partnership between the two countries but are also becoming a defining moment for India’s textiles, posing an existential threat...

Events

3 d. ago Trump says speedy tariff ruling a must, dismisses rumours about his health

US President Donald Trump emerged from a quiet Labour Day weekend Tuesday, declaring that his administration will urgently appeal to the Supreme Court to defend his contested tariffs, warning that a reversal could force billions in refunds to foreign nations. He also dismissed health rumours as “fake news” and played down China’s coming military parade. In a press briefing at the White House, Trump stressed the need for an expedited Supreme Court ruling. “We’re going to be going to the Supreme...

Politics

3 d. ago Trump tariffs live updates: Bessent sees Supreme Court upholding tariffs as Trump blasts India

Trump tariffs live updates: Bessent sees Supreme Court upholding tariffs as Trump blasts India  Yahoo Finance

Politics

4 d. ago Trump claims India offered zero tariffs on US goods, slams ‘one

US President Donald Trump said on Monday that India has offered to reduce its tariffs on US goods to zero, even as Indian Prime Minister Narendra Modi was making public shows of solidarity with Chinese and Russian leaders in the face of trade pressure from Washington. While calling the US relationship with India “one-sided,” Trump wrote on social media: “They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago.” The Indian Embassy in...

Politics

4 d. ago China’s exporters ahead in tariff game, paying estimated 9% share of costs

Chinese exporters appear to hold significant bargaining power in their trade with the United States, according to an estimate from one of Beijing’s top investment banks, carrying 9 per cent of the cost burden created by the tariffs US President Donald Trump levied earlier this year. The findings from China International Capital Corporation (CICC) run contrary to earlier claims by US officials – including Treasury Secretary Scott Bessent – that Washington has been on the winning side of the...

Economics

4 d. ago India’s ‘dead economy’ growth hailed, but Trump’s tariffs pose risks

India’s stronger-than-expected economic growth of 7.8 per cent in the April–June quarter has been hailed by leaders as a resounding retort to US President Donald Trump’s claim that the country’s economy is “dead”, even as experts warn that retaliatory tariffs from Washington could weigh on the outlook. Bilateral ties have plummeted recently after Trump enacted a 50 per cent import tariff on India last week, doubling a 25 per cent import tariff as a penalty for New Delhi’s purchase of sanctioned...

Events

5 d. ago PM Modi China Visit Live Updates: PM Modi To Hold Bilateral With Putin On Sidelines Of SCO Amid Trump Tariffs Row

PM Modi China Visit Live Updates: PM Modi To Hold Bilateral With Putin On Sidelines Of SCO Amid Trump Tariffs Row  NDTV

Politics

5 d. ago China’s Xi Hosts Modi and Putin for Summit Amid Anger Over Trump’s Tariffs

China’s Xi Hosts Modi and Putin for Summit Amid Anger Over Trump’s Tariffs  Time Magazine

Politics

5 d. ago ‘We’re trapped’: Trump’s tariffs lock US businesses in China

‘We’re trapped’: Trump’s tariffs lock US businesses in China  Politico

Politics