[ad_1] RIO DE JANEIRO: BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump’s hardline trade policies, but are struggling to bridge divides over crises roiling the Middle East. Emerging nations representing about half the world’s population and 40 percent of global economic output are set to unite over what … Read more
[ad_1] MILAN: Italy risks losing 20 billion euros ($23.6 billion) in exports and 118,000 jobs next year if the US imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on Wednesday. “Italy does not just export luxury products — with a demand that isn’t very sensitive to prices … Read more
[ad_1] The government decision to come to the rescue of domestic industries by slapping tariffs on imported products is debatable. While it will have immediate benefits to the sizzling production base at home, it is hard to guess whether it will bolster the potential to compete in the long run. The move has surprised many … Read more
[ad_1] China has taken a series of actions in the past week on counter-narcotics, in a sign of cooperation with US demands for stronger action on the synthetic opioid fentanyl, a key irritant in the bilateral relationship. US President Donald Trump imposed 20% tariffs on Chinese imports in February over Beijing’s alleged failure to curb the … Read more
[ad_1] Listen to article US President Donald Trump signed an agreement on Monday formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal. The deal, announced by Trump and British Prime Minister Keir Starmer on the sidelines of the G7 Summit in Canada, reaffirmed quotas and tariff rates on … Read more