35 h. ago Trump slaps 25% tariffs on Japan, South Korea amid trade tensions

WASHINGTON: US President Donald Trump has imposed 25% tariffs on imports from Japan and South Korea, two of America’s closest allies. The decision was announced in formal letters sent to both countries, stating that their trade practices were “far from reciprocal.” The tariffs will take effect from August 1, unless trade policy changes are made. […]

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68 h. ago Japan pushes to avoid tariff hike as talks with U.S. intensify

Japan’s top tariff negotiator, Ryosei Akazawa, held detailed phone discussions with U.S. Commerce Secretary Howard Lutnick on Thursday and Saturday in a bid to ease trade tensions. The talks come just days before a 24% reciprocal tariff on Japanese imports is set to expire on July 9. The Japanese government emphasized its commitment to continue […]

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8 d. ago Canada cancels digital tax on US tech giants to save trade talks

OTTAWA – In a last-minute move, Canada scrapped its planned digital services tax targeting American tech companies just hours before it was set to take effect. The decision aims to ease tensions with the United States and revive stalled trade negotiations between the two countries. The 3% tax would have applied to digital revenues earned […]

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3 w. ago G7 summit opens in Canada amid trade tensions, global conflicts, and caution over Trump

KANANASKIS – The G7 summit kicked off Monday in Canada’s scenic Rocky Mountains, with world leaders focusing on global trade tensions, ongoing wars, and efforts to avoid sparking controversy with U.S. President Donald Trump. This year’s summit comes amid rising global instability — including the wars in Ukraine, Gaza, and the escalating Israel-Iran conflict — […]

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3 w. ago Tensions boil over: Iran and Israel trade deadly strikes as conflict escalates

The conflict between Israel and Iran has sharply escalated, with both countries exchanging heavy missile and drone strikes over the weekend. Israel launched a series of airstrikes targeting Iran’s nuclear and military sites, killing at least 20 top Iranian commanders, including Revolutionary Guards chief Hossein Salami and multiple nuclear scientists. In response, Iran fired more […]

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3 w. ago US and China reach new trade deal to ease export curbs and avoid tariff war

The United States and China have agreed on a new trade framework to ease rising tensions and avoid a major tariff clash. Officials met in London for two days of tough talks and reached a deal in principle. US Commerce Secretary Howard Lutnick said the framework supports an earlier agreement made in Geneva. However, final […]

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4 w. ago South Korea’s president Lee and Japan’s PM Ishiba vow to strengthen ties in first official call

SEOUL – South Korea’s newly elected President Lee Jae-myung and Japanese Prime Minister Shigeru Ishiba held their first official phone call on Monday, agreeing to strengthen bilateral ties and enhance regional cooperation. The 25-minute conversation marked an important step toward rebuilding trust and stability in Northeast Asia. During the call, both leaders reaffirmed their commitment […]

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