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EU Pauses Tariffs as Trump Eases Trade Pressure, China Left in the Crosshairs

This is Beirut, 10/04 18:00 - Reading : 4 minute(s)

Donald Trump European Union China Tariffs

The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war. Trump's about-face on Wednesday triggered a massive market rebound, but Wall Street's rally fizzled on Thursday, and the dollar slumped ...

Trump's 10% Baseline Tariffs Likely to Stay, Says Top Advisor

This is Beirut, 10/04 17:30 - Reading : 1 minute(s)

Donald Trump Tariffs China

US President Donald Trump's 10 percent tariff for almost all countries except China will likely remain in place going forward, his top economic advisor Kevin Hassett said onThursday. A day earlier, Trump announced a 90-day pause on higher tariffs against all countries except China, reversing a policy that had roiled global stock markets and ...

Customs Duties: When China Gets Hit with a Tax — and We Get a Shock at the Checkout!

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 ...

Trump’s Tariff Disruption: Chaos or Strategy?

Salam El Zaatari, 10/04 09:30 - Reading : 5 minute(s)

USA China Donald Trump World

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 ...

Trump's Tariff Pause Gives Market Relief, but China Trade War Intensifies

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 ...

Oil Price Drop: Key Factors Explained

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 ...

Facing US Competition, EU Proposes Easing AI, Data Regulations

This is Beirut, 09/04 17:55 - Reading : 2 minute(s)

EU USA China AI

The EU said Wednesday it is considering streamlining artificial intelligence and data rules as part of a broader push to help European businesses keep up with US and Chinese rivals. The European Union long heralded its legal arsenal on tech as an example for the world, but the tone has shifted since the return of US President Donald Trump. Just ...

US Strikes China With 104% Tariffs

This is Beirut, 09/04 05:45 - Reading : 4 minute(s)

United States China Tariffs Economy Markets

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates ...

Zelensky Says Ukraine Captured Two Chinese Nationals Fighting for Russia

This is Beirut, 08/04 17:50 - Reading : 3 minute(s)

Ukraine China Volodymyr Zelensky

President Volodymyr Zelensky said Tuesday that Ukrainian troops had captured two Chinese citizens fighting alongside Russian forces, adding that Kyiv would demand an explanation from Beijing and a reaction from its allies. Moscow and Beijing have in recent years boasted of their "no limits" partnership and deepened political, military, and ...

China Vows 'Fight to The End' as Trump Warns 50% More Tariffs

This is Beirut, 08/04 09:15 - Reading : 6 minute(s)

Donald Trump China Beijing Tariffs

China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. Trump has upended the world economy with sweeping tariffs that have raised the specter of an international recession but has ruled out any ...

Stocks Savaged as China Retaliation to Trump Tariffs Fans Trade War

This is Beirut, 07/04 10:15 - Reading : 6 minute(s)

Donald Trump United States Tariffs China Asia

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...

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