Trump says rare earths deal ‘done’ with China
Talks aimed at cooling tensions between the US and China have ended in a “deal”, according to US President Donald Trump. He said China had agreed to supply US companies with magnets and rare earth metals, while the US would walk back its threats to revoke visas of Chinese students. “Our deal with China is […]
Markets rise as US and China agree to slash tariffs
Share markets jumped on Monday after President Trump said weekend talks had resulted in a “total reset” in trade terms between the US and China, a move which goes some way to defuse the high stakes stand-off between the two countries. The talks in Switzerland resulted in significant cuts to the tit-for-tat tariffs that had […]
Trump says non-US movies to be hit with 100% tariffs
US President Donald Trump says he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world. Trump said he was authorising the US Department of Commerce and Trade Representative to start the process to impose the levy because America’s movie industry was dying “a very […]
Ready To Revise Sri Lanka Bailout After US Tariffs: IMF
The International Monetary Fund on Tuesday offered to revise the terms of a $2.9 billion bailout loan to cash-strapped Sri Lanka, should the United States reinstate punitive tariffs on exports. The administration of US President Donald Trump this month imposed a 44 percent tariff on imports, including garments and rubber, from the South Asian island […]
A UK-US deal sounds good but it is all about the detail
US Vice-President JD Vance said there was a “good chance” a trade deal could be reached with the UK, suggesting it would be easier to land than with other European countries due to “a much more reciprocal relationship”. UK business and trade minister Sarah Jones welcomed Vance’s comments and said talks to secure a deal with […]
Canada can win trade war with US, foreign affairs minister Mélanie Joly says
Canada’s Foreign Minister Mélanie Joly has told the BBC she believes Canada can win the trade war which was sparked by a series of tariffs ordered by US President Donald Trump. “We are the biggest customer of the US,” Joly told the BBC’s World Service Weekend programme. “We buy more from the Americans than China, […]
India’s Modi joins Trump-owned platform Truth Social
Indian Prime Minister Narendra Modi has become one of the few world leaders to join Truth Social, the social media platform owned by US President Donald Trump. In his first post on Monday, Modi shared a photo with Trump taken in Houston, Texas, during his 2019 US visit and said he was “delighted” to be […]
Trump halts plan for 50% steel and aluminium tariffs on Canada
Donald Trump has halted a plan to double US tariffs on Canadian steel and metal imports to 50%, just hours after first threatening them. Tariffs of 25% are still going ahead and will take effect from the 12 March. The move by the president comes after the Canadian province of Ontario suspended new charges of […]
The ‘anti-Trump’ numbers man who may force the UK to take a side
Mark Carney’s elevation to the top job in Canada is of particular significance at this moment when his country is at the frontline of a North American trade war. He becomes the “anti-Trump” on the US president’s doorstep. The former Bank of England governor chose to lean strongly into resisting Donald Trump’s policies at his […]
Efforts in Progress to Launch Unified Tourism Program between the Maldives and Sri Lanka
The government is contemplating the implementation of a collaborative tourism initiative between the Maldives and Sri Lanka. This initiative was discussed last Tuesday (25) during a meeting at the Presidential Secretariat between President Anura Kumara Disanayake and the High Commissioner of the Republic of Maldives, Masood Imad. During the meeting, the High Commissioner congratulated the […]