The United States and the European Union have reached new trade agreement just days before the US was scheduled to implement higher tariffs on European imports, easing rising tensions between the two economic powers The deal was finalized following a meeting on Sunday between US President Donald Trump and European Commission President Ursula von der More
Amid a summit of BRICS leaders in Brazil, President Donald Trump has announced the United States will impose a 10% tariff on countries aligning with what he called “Anti-American policies.” In opening remarks at the BRICS summit in Rio de Janeiro, Brazil’s President Luiz Inácio Lula da Silva likened the group to the Cold War-era More
Indian agricultural exports to Afghanistan may decline in fiscal year 2026, a media report said on Monday. The Hindu Businessline reported India’s agricultural export to Afghanistan may drop in fiscal year 2026. “India’s agri products export to Afghanistan, which was not disrupted despite Islamic Emirate government yet to be recognised, may see a further slump More
Five countries, the European Union (EU), and several major airlines have urged the Trump administration not to impose new national security tariffs on imported commercial aircraft and parts. According to a Reuters report citing a document released Tuesday, Canada, China, Japan, Mexico, Switzerland, and the EU expressed concerns about the potential fallout from such tariffs More
Tech billionaire Elon Musk has strongly criticised President Donald Trump’s flagship tax and spending bill, calling it a “disgusting abomination.” “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” Musk posted on X. “Shame on those who voted for it: you know you did More
A US court has ruled President Donald Trump overstepped his mandate to slap sweeping tariffs — a move that has jacked up the cost of imports for all Americans. CNN reported a three-judge panel at the US Court of International Trade in Manhattan, stopped Trump’s tariffs that he imposed citing emergency economic powers. The decision More
US President Donald Trump has postponed the implementation of planned tariffs on goods imported from the European Union until July 9, says a media report. On May 24, the US leader warned of imposing a 50 percent tariff on all goods imported from EU starting on June 1. In response to Trump’s threat, the EU’s More
Pakistan’s Foreign Minister Ishaq Dar and his Uzbek counterpart discussed the Uzbekistan-Afghanistan-Pakistan (UAP) railway line project and ways to enhance regional cooperation on Sunday. Ishaq Dar, who is also deputy prime minister of Pakistan, today held a telephonic conversation with the Foreign Minister of the Republic of Uzbekistan, Saidov Bakhtiyor Odilovich, the Ministry of Foreign More
US President Donald Trump has warned of imposing a 50% tariff on all goods imported from the European Union, the BBC reports. Trump also issued a warning to Apple, saying he would impose a 25% import tax on iPhones not manufactured in the United States. The warning to the EU came just hours before scheduled More
Pakistan’s Ministry of Commerce has extended the exemption from the electronic import form (EIF) requirement for imports from Afghanistan until June 14, says a media report. According to an official letter issued by the ministry, the decision has been made to prevent a disruption in bilateral trade and ensure that mutual economic activity was not More
