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Pakistan and the United States are close to finalizing a key trade agreement centered on reciprocal tariffs, as both sides aim to deepen economic ties and balance trade relations. The breakthrough follows a virtual meeting between Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick, with talks set to conclude next week. Progress on …
Continue reading “Pakistan, US Near Deal on Reciprocal Tariffs and Trade Expansion”
Amid escalating US-China tariffs, Washington has reportedly approached Beijing to open dialogue on the growing trade rift. According to a Chinese state media-linked account, the Trump administration is pushing for discussions through multiple backchannels to ease tensions sparked by steep import duties. US Makes the First Move Yuyuan Tantian, a social media account linked to …
Continue reading “US Seeks China Talks Over Rising Tariffs Amid Trade Tensions”
China on Wednesday lashed out at the United States after the White House confirmed tariffs on some Chinese goods had surged to 245%. Beijing called the move “irrational” and accused Washington of using pressure tactics and intimidation. The White House defended the hike, saying the tariffs were a response to Beijing’s trade practices. A statement …
Continue reading “China Slams US Over Tariff Hike, Warns of Retaliation”
The legal battle over Trump’s reciprocal tariffs is heating up, as California Governor Gavin Newsom announced plans to sue the federal government to block the sweeping trade measures. Newsom, along with state Attorney General Rob Bonta, will file the lawsuit in the Northern District of California on Wednesday, arguing that the tariffs are unconstitutional and …
Continue reading “Newsom Fights Back: California Sues Trump Over ‘Unlawful’ Tariffs”
Sony’s latest PlayStation 5 price hike has stirred global headlines as the gaming giant responds to fresh economic pressures. On Monday, the company announced a 25% increase in the price of its PS5 digital edition across the UK, Europe, and Oceania. This move follows the ripple effects of new tariffs introduced by U.S. President Donald …
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Despite widespread global concern, Pakistan appears to be relatively insulated from the fallout of global tariffs recently imposed by the United States. According to Aqeel Karim Dhedhi, chairman of the Karachi-based AKD Group, the country has not faced the same level of economic disruption as others. In an interview with Reuters on April 9, Dhedhi …
Continue reading “Pakistan Navigates Trump Tariffs with Resilience, Says Business Leader”
In a turbulent start to the week, the KSE-100 Index at the Pakistan Stock Exchange (PSX) plummeted by nearly 3,900 points on Monday. The dramatic drop was fueled by rising fears over global trade tensions, particularly the reintroduction of Trump-era tariffs, along with growing uncertainty surrounding domestic economic policies. Sharp Losses Shake Investor Confidence The …
Continue reading “PSX Crashes Nearly 4,000 Points as Trump Tariffs Trigger Global Selloff”
Trump tariffs impact is being felt across global markets as tensions between the US and China intensify. President Donald Trump’s latest move to impose 10 percent tariffs on imports from several countries, including China, has rattled financial markets and drawn fierce criticism from global leaders. China Urges the US to Back Down China responded swiftly, …
Continue reading “Trump’s Tariffs Spark Global Turmoil as China Pushes Back”
The latest trade tariffs announced by U.S. President Donald Trump are shaking up global markets, drawing backlash from allies while giving China an unexpected advantage. The new import taxes will heavily impact industries across Europe, Asia, and Africa, forcing governments to rethink their trade policies. Europe: Strong Opposition but Avoiding Escalation The European Union (EU) …
Continue reading “Global Reactions to Trump’s Tariffs: Punishment or Strategic Advantage?”
U.S. President Donald Trump has announced a 25% tariff on steel and aluminium imports, a decision expected to impact global trade. The move, part of his tariff policy, aims to protect American industries but could spark tensions with key trading partners, including Canada and the European Union. New Tariffs on Steel and Aluminium Speaking aboard …
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