The development will further weaken foreign investment in Iran. Bloomberg has reported, citing a U.S. official familiar with the matter at hand saying, Volkswagen AG will put an end to the bulk of its operations in Iran. The Trump administration… Read More ›
Donald Trump
Trade war could last for 20 years: Jack Ma
Jack Ma’s remarks on the escalating trade war between the U.S. and China, were made at an investor conference. On Tuesday, during an investor conference, Jack Ma, Alibaba’s co-founder and chairman said, he expects trade frictions between China and the… Read More ›
Donald Trump fires fresh salvo at China, imposes 10% tariffs on Chinese imports worth $200 billion
In a strategic move aimed at positioning itself in a stronger position during negotiations, U.S. President Donald Trump has imposed a 10% tariff on Chinese exports to the U.S. for goods worth $200 billion. The tariff is applicable to the… Read More ›
Trump aims to bring down oil prices ahead of Nov. 6 Congressional elections
U.S. & Saudi energy ministers are scheduled to meet in Washington to discuss ways to boost output and lower global oil prices. On the negotiating table is Saudi Arabia’s long demand for a civilian civil nuclear cooperation which will enable… Read More ›
China vows response to U.S. tariffs threat
U.S. President Donald Trump has threatened to slap tariffs on all Chinese exports to the U.S. On Monday, a spokesman for China’s foreign ministry stated, Beijing will respond if the United States was to take any further steps on trade…. Read More ›
China’s trade surplus with the U.S. at record high in August 2018
The trade data could further push Washington to impose the next slab of tariffs on U.S. import of Chinese goods worth $200 billion. Customs data disclosed on Saturday showed China’s trade surplus with the United States has widened to a… Read More ›
Select countries get relief from U.S. tariff hikes for aluminum and steel
The U.S. Commerce Department has stated Trump has signed proclamations permitting relief from U.S. tariffs on aluminum and steel for a select few countries. As per the U.S. Commerce Department, U.S. President Donald Trump has signed proclamations which permit targeted… Read More ›
German business moral all time high in August
The July 2018, meeting between European Commission President Jean-Claude Juncker with U.S. President Donald Trump has done a lot of good, with both sides deciding to negotiate a further cutback to their respective trade tariffs. In August, for the very… Read More ›
U.S. tariffs on aluminum imports take their toll on Sweden’s Granges JV plans
Granges had aimed to manufacture advanced aluminum materials for brazed automotive heat exchangers through a JV with Mitsubishi Aluminum for the North American and Mexican markets. On Friday, Sweden’s Granges disclosed that it will no longer go ahead with its… Read More ›
EU law will protect EU companies operating in Iran from U.S. sanctions
Officials have ascribed the re-clamping of U.S. on Iran as being an unlawful reach beyond U.S. borders. On Tuesday, Alistair Burt, Britain’s minister of state for the Middle East, told BBC radio that it is possible to protect European companies… Read More ›