Keywords: Tariffs


EU says United States will honor Turnberry trade deal despite tariff dispute

European Trade Commissioner Maros Sefcovic said the United States has assured the European Union it will respect the terms of the Turnberry trade agreement, despite new tariff measures that risk undermining the deal’s central provision of a 15 percent tariff ceiling. Speaking in Toronto on Thursday,......

Gold gains poised for seventh straight monthly rise as safe-haven demand persists

Gold hovered near recent highs on Friday and remained on track for a seventh consecutive monthly increase, supported by persistent safe-haven interest, renewed U.S. tariff uncertainty and ongoing geopolitical tension in the Middle East. Spot prices have advanced more than 6% so far in February, extending......

African nations accelerate shift from US dollar amid tariff turmoil

African governments and banks are stepping up efforts to reduce reliance on the US dollar in trade and financial transactions as uncertainty over American tariffs unsettles global markets. Ecobank Transnational CEO Jeremy Awori told Bloomberg that erratic US trade measures are motivating companies across......

Japan seeks to minimise impact of new US tariffs

Japan is taking steps to mitigate the effects of newly imposed U.S. import tariffs, government officials said on Tuesday. Following the U.S. Supreme Court’s decision to strike down certain tariffs under the International Emergency Economic Powers Act (IEEPA), President Donald Trump applied a 15%......

Trump’s new global tariffs take effect after Supreme Court setback

New global tariffs introduced by U.S. President Donald Trump officially came into force on Tuesday, marking a significant shift in Washington’s trade policy. The measure establishes a baseline 10% duty on a wide range of imported goods, with the president signaling that the rate could increase......

Oil prices slip as diplomacy advances and tariff fight clouds outlook

Oil prices retreated as traders weighed signs of progress in United States–Iran nuclear diplomacy against a fresh layer of uncertainty from President Donald Trump’s new across‑the‑board import tariffs. Brent crude futures slipped to around 71 dollars a barrel and US West Texas Intermediate......

Supreme Court curbs trump's emergency tariff powers in landmark ruling

The U.S. Supreme Court has invalidated most of President Donald Trump’s emergency tariffs, ruling that he exceeded his authority by using the International Emergency Economic Powers Act to impose sweeping duties on imports from dozens of trading partners. In a 6-3 decision in the consolidated cases......

German chancellor Merz deepens China ties and warns US on tariffs

German Chancellor Friedrich Merz said he will pursue strategic partnerships with China during a visit next week, signaling a shift toward closer economic engagement with Beijing as trade tensions with Washington continue to simmer. Speaking to supporters at his Christian Democratic Union’s Ash......

UN experts denounce Trump oil blockade on Cuba as illegal

United Nations human rights experts on Wednesday condemned President Donald Trump’s executive order restricting fuel supplies to Cuba, describing it as a serious breach of international law that risks triggering a severe humanitarian crisis on the island of 9.6 million people. The statement from......