G20 finance chiefs back central bank independence in first communique since October
World 17:11 19/07/2025DURBAN -- Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging to boost cooperation in a joint statement issued on Friday after a two-day meeting in South Africa.
EU ready to hit US with 21-bln-euro tariff list, Italy foreign minister says
World 11:47 15/07/2025MILAN -- The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani said in a newspaper interview on Monday.
New trade war deadline prolongs instability, UN trade agency says
World 18:00 08/07/2025GENEVA -- The Trump administration's decision to extend a negotiating deadline for tariff rates is prolonging uncertainty and instability for countries, the executive director of the United Nations trade agency said on Tuesday.
Trump says he plans to double steel, aluminum tariffs to 50%
World 10:25 31/05/2025WEST MIFFLIN, Pennsylvania -- U.S. President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50 percent from 25 percent, ratcheting up pressure on global steel producers and deepening his trade war.
Global airlines to address trade war, net-zero uncertainties at annual summit
World 14:42 30/05/2025An unpredictable trade war and daunting environmental targets are on the agenda for global airline bosses at an annual summit in India, as the industry addresses concerns that geopolitical uncertainty will dent strong travel demand and raise costs.
China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
World 17:30 18/05/2025BEIJING - China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan.
Global stocks rally after US, China pause tariff war, but uncertainty remains
World 10:00 13/05/2025WASHINGTON -- Global stock markets surged on Monday after the U.S. and China agreed to slash steep tariffs for at least 90 days, tapping the brakes on a trade war between the world's two biggest economies that had fed fears of a global recession.
Indonesia palm oil firms eye new markets as US trade war casts shadow
World 10:22 14/04/2025Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump's trade war, a top industry executive told AFP.
A new trade landscape takes shape given US tariffs
In-Depth 14:52 10/04/2025U.S. President Donald Trump's decision to impose reciprocal tariffs sent shockwaves through the global economy, with consequences far beyond the usual economic impacts.
Trump's new tariffs take effect, with 104% on Chinese goods
World 14:44 09/04/2025U.S. President Donald Trump's sweeping new tariffs took effect Wednesday, including a staggering 104-percent on Chinese imports, intensifying a global trade war that has rattled markets and drawn vows of retaliation from Beijing.
Stocks slide in Asia as recession fears pummel sentiment, oil hits 4-yr lows
World 10:27 09/04/2025SYDNEY -- Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104-percent tariffs on Chinese goods, pummeling oil prices to four-year lows as global recession fears gripped financial markets.
Equities savaged as China retaliation to Trump tariffs fans trade war
World 10:26 07/04/2025Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.
