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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)

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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 ...

Pentagon Chief Says US Could 'Revive' Panama Bases

This is Beirut, 10/04 10:25 - Reading : 4 minute(s)

USA Donald Trump Hegseth Mulino Panama Canal

US Defense Secretary Pete Hegseth floated the idea on Wednesday of US troops returning to Panama to "secure" its strategically vital canal, a suggestion quickly shot down by the Central American country's government. Hegseth suggested during a visit to Panama that "by invitation" the United States could "revive" military bases or naval air ...

US Backtracks on Some Food Aid Cuts: UN

This is Beirut, 10/04 10:05 - Reading : 1 minute(s)

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The United States has backtracked on emergency food aid cuts it announced for 14 countries, restoring assistance to six of them, the UN's World Food Program said Wednesday. The UN agency, already struggling with financing woes, said Monday that the United States advised it Washington was eliminating emergency food aid to those 14 poor and ...

Author of Explosive Meta Memoir Stars at US Senate Hearing

This is Beirut, 10/04 10:00 - Reading : 3 minute(s)

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The former Facebook employee behind a scathing book about parent company Meta on Wednesday alleged that the social networking giant collaborated with the Chinese government on artificial intelligence, censorship and more, then lied to Congress about what it was doing. Former global policy director Sarah Wynn-Williams, who worked at the company ...

Trump’s Tariff Disruption: Chaos or Strategy?

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

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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 ...

Where Things Stand in the US-China Trade War

This is Beirut, 10/04 09:05 - Reading : 4 minute(s)

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US President Donald Trump has ramped up his trade war against China, further raising import tariffs on Beijing to 125 percent despite pausing them for other countries. The move came hours after China announced reciprocal action against the United States in response to a previous levy hike. AFP looks at how the escalating trade war between the ...

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)

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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 ...

EU Greenlights First Set of Tariffs Hitting Back at US

This is Beirut, 09/04 19:16 - Reading : 3 minute(s)

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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 ...

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