US Secretary of the Treasury Scott Bessent speaks as US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC on September 5, 2025. Mandel Ngan | Afp | Getty Images Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will…
The Porsche brand logo as lettering can be seen on the rear of a vehicle from the sports car manufacturer Porsche in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Porsche will soon drop out of Germany’s blue-chip DAX index following a protracted share price slump, as…
A US appeals court has ruled that most tariffs issued by US President Donald Trump are illegal, setting up a potential legal showdown that could upend his foreign policy agenda. The ruling affects Trump’s so-called “reciprocal” tariffs, imposed on most countries around the world, as well as other tariffs slapped on China, Mexico and Canada….
U.S. President Donald Trump looks on during the signing of executive orders in the Oval Office at the White House in Washington, D.C., on Aug. 25, 2025. Jonathan Ernst | Reuters President Donald Trump’s aggressive trade agenda hit a significant snag this week when a federal appeals court ruled that most of his “reciprocal tariffs”…
U.S. President Donald Trump meets with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | Reuters President Donald Trump vowed Monday to impose “substantial” new tariffs and restrict U.S. chip exports for all countries that do not remove digital taxes and related regulations. Trump wrote on Truth Social…
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy expanded 0.3% in the second quarter of 2025 compared to the first three months of the year, beating forecasts despite tariff headwinds out of the United States. This was compared to the revised 0.1% growth seen…
US President Donald Trump President Cyril Ramaphosa and his US counterpart Donald Trump spoke by phone on the eve of the introduction of Washington’s punitive new tariff regime. The call signals an effort by the authorities in Pretoria to invigorate negotiations on a new trade deal with its biggest partner after China. The two nations…
As global trade dynamics shift and protectionist policies re-emerge, South Africa finds itself facing a significant economic hurdle: new 30% tariffs imposed by the United States on selected South African exports. These tariffs threaten not just the competitiveness of our goods abroad, but the stability of key domestic industries – particularly manufacturing and agriculture. With…
President Trump’s sweeping tariffs are spreading economic anxiety.
After months of delays and extensions, President Donald Trump’s comprehensive and sweeping tariffs slate took effect Thursday just after midnight ET, shifting his global trade reset into high gear. Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% —…
