The Semanggi overpass in Jakarta, Indonesia. Fadil Aziz | The Image Bank | Getty Images U.S. President Donald Trump’s tariffs have pushed countries to look for ways to improve their trade balance with the U.S. and negotiate the extent of duties levied on their imports. Indonesia’s plan now is to “narrow,” or even eliminate its…
Companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by President Trump. These locations, called foreign trade zones (FTZs) and bonded warehouses, are specially designated, secured storage or manufacturing sites approved by U.S. Customs where freight is not subject to U.S. duties…
Watch: Is the US heading into a recession? Three warning signs to watch Chinese officials are calling on US President Donald Trump to “completely cancel” his so-callled reciprocal tariffs, as a trade war between the world’s two biggest economies grinds on. This week, Trump announced a 90-day pause for a host of global tariffs he…
Natalie Sherman BBC News, New York Watch: Key moments in Trump’s ‘Liberation Day’ tariffs announcement President Donald Trump has unveiled plans for sweeping new import taxes on all goods entering the US, in a watershed moment for global trade. The plan sets a baseline tariff on all imports of at least 10%, consistent with a…
The Trump administration is planning to import eggs from Turkey and South Korea and is in talks with other countries in hopes of easing all-time high prices for the American consumer, officials confirmed. “We are talking in the hundreds of millions of eggs for the short term,” Agriculture Secretary Brooke Rollins told reporters at the…
Peter Hoskins Business reporter Getty Images US President Donald Trump will impose tariffs on Saturday of 25% on Mexico, 25% on Canada and 10% on China on 1 February, says the White House. But Trump said on Friday that Canadian oil would be hit with lower tariffs of 10%, which could take effect later, on…
JAKARTA, – Indonesian authorities investigating graft have arrested a former trade minister turned government critic on suspicion of improperly granting a sugar import permit in 2015 that led to losses of $25 million. Indonesia arrests former trade minister in sugar import graft case Thomas Trikasih Lembong was named a suspect and arrested late on Tuesday…
