This is Beirut 10/04 13:50 - Reading : less than a minute
Donald Trump European Union USA
EU chief Ursula von der Leyen said Thursday the bloc will suspend a planned package of tariffs on US goods "to give negotiations a chance" after President Donald Trump's U-turn on massive duties. "While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for ...
This is Beirut 10/04 12:05 - Reading : 1 minute(s)
Passenger traffic at Beirut International Airport (BIA) saw a slight decrease in the first quarter of 2025, with a total of 1,254,550 passengers, representing a 1.42% drop compared to the same period in 2024, when the airport recorded 1,272,625 travelers. However, there was a positive trend in arrivals, which increased compared to last year. The ...
Christiane Tager 10/04 11:00 - Reading : 5 minute(s)
Lebanon China Donald Trump Tarifs
American president Donald Trump announced on Wednesday that he would suspend his “reciprocal” customs surtaxes for 90 days. However, this decision does not apply to China. With the new American customs duties taking effect — reaching an impressive 104% for certain Chinese products — many American companies that have long relied on China to ...
Salam El Zaatari 10/04 09:30 - Reading : 5 minute(s)
In the age of globalization, few leaders have dared to question the structure that underpins the modern world economy. Donald Trump didn’t just question it, he took a wrecking ball to it. His tariff-first economic approach, widely criticized as reckless, may actually represent the beginning of a hard but necessary conversation: Should America ...
This is Beirut 10/04 08:30 - Reading : 5 minute(s)
United States Donald Trump Tariffs China
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all ...
Liliane Mokbel 09/04 21:35 - Reading : 3 minute(s)
Donald Trump United States China Oil Market
Oil prices plunged on Wednesday due to the escalating trade war between the United States and China, with Brent crude falling below $60 per barrel for the first time in four years. At around 11:20 GMT (13:20 in Paris), the price of North Sea Brent crude for June delivery dropped by 5.52% to $59.35, briefly reaching a low of $58.47 during the ...
This is Beirut 09/04 20:55 - Reading : 1 minute(s)
Lebanon was plunged into a nationwide blackout on Wednesday afternoon after a technical failure at the Deir Ammar power plant led to a complete shutdown of electricity production across all thermal power stations operated by Electricity of Lebanon (EDL). The outage, which began around 1:30 PM, disrupted power supply across vast swaths of the ...
This is Beirut 09/04 19:16 - Reading : 3 minute(s)
European Union Donald Trump United States
The EU on Wednesday adopted its first measures hitting back at President Donald Trump's tariff onslaught, targeting more than 20 billion euros of US goods, including soybeans, motorcycles, and beauty products. The levies of up to 25 percent are retaliation for US duties on steel and aluminum imposed last month -- with Europe's response to ...
This is Beirut 09/04 18:08 - Reading : 2 minute(s)
Donald Trump United States China Tariffs Trade
China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to 104 ...
This is Beirut 09/04 12:20 - Reading : 2 minute(s)
Donald Trump United States USA White House
Japan will sell more rice from its emergency stockpile through July in an attempt to stabilize soaring prices, the agricultural minister said Wednesday. After rice prices nearly doubled year-on-year, the government began auctioning its stockpile last month -- the first time since it was started in 1995. "In order to stabilize rice prices ...
Christiane Tager 08/04 22:40 - Reading : less than a minute
Donald Trump USA India economy Tariffs
Over 80% of the world’s rough diamonds are polished in India, cementing the country’s status as the global epicenter of brilliance. Yet, the sparkle of this thriving industry is under threat. A 27% US tariff, introduced by Donald Trump, casts a long shadow over India’s diamond trade, while retaliatory measures from India add fuel to the ...
This is Beirut 08/04 17:25 - Reading : 4 minute(s)
United States Trade World Trade Organization European Economic Community European Union
As the world reels from US President Donald Trump's tariff onslaught, here is a look back at some major trade wars since the 19th century: 19th century Opium Wars In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China against the British Empire. The first began in 1839, when Britain ...