Archana Shukla India business correspondent Thirunavkarsu K Cheaper Chinese imports have have slowed down demand for viscose yarn made in India The pace at 64-year-old Thirunavkarsu’s spinning mill in southern India’s Tamil Nadu state has noticeably slowed down. The viscose yarn – a popular material that goes into making woven garments – he produces, now...
Emma Saunders Culture reporter Getty Images Film tariffs will form part of trade negotiations between the UK and US after Donald Trump said he would apply a 100% charge against movies made in foreign countries. Trump said in an announcement overnight that he would apply tariffs to foreign-made films to help America’s movie industry, which...
Would this be enough to get Donald Trump to ease tariffs on China? Perhaps it might make a good start — and reflect that China has as much to lose in a trade war as the US, if not more. For background, the US media offered conflicting reports on China’s position yesterday. Axios reported that...
Instability and upheaval on and off the field have played a significant role, with owner Vincent Tan going through 16 managers in his 15 years at Cardiff. Wales captain Aaron Ramsey is the latest to take charge, given the reins on a temporary basis last Saturday after Omer Riza was sacked. Ramsey, who is still...
China will let scientists from six countries, including the US, examine the rocks it collected from the Moon – a scientific collaboration that comes as the two countries remain locked in a bitter trade war. Two Nasa-funded US institutions have been granted access to the lunar samples collected by the Chang’e-5 mission in 2020, the...
The chancellor says she “understands what President [Donald] Trump wants to address” with his tariffs, ahead of talks with her US counterpart in Washington on Friday. Rachel Reeves said there were similarities with the way both the US and UK governments had come to power off the back of voter frustration with the economy. Speaking...
Tom Espiner BBC business reporter Getty Images China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries. A Chinese official said there had been no trade talks with the...
A normally bustling border crossing between Tanzania and Malawi was noticeably quieter than usual on Thursday as a result of an escalating regional trade row. From midnight, Tanzania banned the entry of all agricultural imports from Malawi and South Africa in response to what it sees as restrictions on some of its exports. South Africa...
Getty Images From China’s sprawling trade network to its chokehold on rare earths, it will not be easy for Washington to back China into a corner A trade war between the world’s two biggest economies is now in full swing. Chinese exports to the US face up to 245% tariffs, and Beijing has hit back...
Chancellor Rachel Reeves has signalled the UK could lower tariffs on US car imports as she tries to broker a trade deal with the Trump administration. Reeves said she wants “to see tariff and non-tariff barriers reduced between the UK and the US”. The UK is seeking to lower trade taxes imposed by President Donald...
There is an opportunity for a “big deal” between the US and China on trade, America’s Treasury Secretary Scott Bessent has said. Asked about an upcoming meeting between the countries, Bessent said there would be an “incredible opportunity” to strike an agreement, if China was “serious” on making its economy less dependent on manufacturing exports....
Is this a blink? Or is it a nudge? Since Liberation Day, the White House has spent considerable effort recalibrating its tariff rates and applications as the markets responded — largely and significantly negatively. Donald Trump has hit China particularly hard, and after the first few days of the tariff rollout, appeared to make China...
Nikita Yadav BBC News, Delhi @MEAIndia/X Vance (left) and Modi discussed matters related to trade, defence and bilateral cooperation India and the US are making progress in negotiating a bilateral trade deal, the countries said after a meeting between Prime Minister Narendra Modi and Vice-President JD Vance in Delhi. Vance is currently on a four-day...
Ever since President Trump put in place triple digit tariffs on trade with China it has been clear that Trump was looking to isolate China by seeking more favorable trade deals with other countries. Yesterday, China warned countries not to appease the United States or take sides against them, saying there would be repercussions for...
The US Federal Trade Commission has filed a lawsuit against Uber, alleging the ride hailing and delivery company engaged in deceptive billing and cancellation practices. The consumer protection watchdog accused Uber of charging customers for its Uber One subscription service with getting their consent and making it hard for users to cancel. “The Trump-Vance FTC...