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Business

Web Desk Karachi
May 26, 2025

Trump holds off on 50pc tariff on EU goods, extends pause to July 9

The EU had been slated for a 20 percent tariff under those reciprocal rates announced in April, and a temporary pause took the rate down to 10 percent through July 9.

Business

Reuters
May 22, 2025

Europe must make concessions to Trump in trade talks, LVMH’s Arnault says

Speaking to French senators during a parliamentary hearing, Arnault said he was actively lobbying to avoid tariffs, citing his group’s cognac and wine business as particularly impacted by the trade tensions.

Business

Web Desk Karachi
Apr 18, 2025

Hermès reacts to US tariffs with price increases for American customers

During a Thursday call with analysts, the company stated that these price hikes, effective May 1, aim to safeguard its profit margins and cover the additional import costs incurred due to the tariffs.

Business

Web Desk Karachi
Apr 17, 2025

Christine Lagarde to face press as ECB set to implement another rate cut, seventh since June

The unveiling of huge US trade levies has quashed talk that this week’s ECB meeting could bring a pause in the monetary-easing campaign that kicked off last June.

Business

AFP
Apr 09, 2025

Trump’s new tariffs take effect, with 104pc on Chinese goods

Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend.

Business

Reuters
Feb 27, 2025

Trump sows confusion on tariffs for Canada and Mexico, floats 25% duty on EU goods

Trump sowed confusion during his first cabinet meeting on Wednesday, when he was asked about the timing for the start of the duties for Canada and Mexico and replied that it would be April 2.