Democrats demand refunds after US high court tosses Trump tariffs
- 21-Feb-2026
WASHINGTON: Governor JB Pritzker sent Donald Trump an invoice Friday demanding nearly $9 billion in tariff refunds for Illinois families after the US Supreme Court ruled the president’s much-touted levies are illegal. Pritzker urged the White House to “cut the check” after justices ruled 6-3 that Trump had exceeded his authority by invoking emergency powers […]
Swiss pharma companies likely to follow Pfizer-US price deal
- 01-Oct-2025
Swiss pharma companies are likely to follow Pfizer’s price deal with the U.S. following President Donald Trump’s push to lower drug prices, the head of a major Swiss chemical and pharmaceutical industry association said on Wednesday. Pfizer, and Trump said on Tuesday they had agreed a deal in which the U.S. company would lower prescription […]
Indonesia, EU sign long-awaited trade deal
- 23-Sep-2025
DENPASAR, Indonesia: Indonesia and the European Union finalised negotiations on a trade agreement Tuesday after nearly a decade of talks, a senior minister said. The Indonesia-European Union Comprehensive Economic Partnership Agreement (CEPA) is the third deal Brussels has signed with Southeast Asian countries, after Singapore and Vietnam. The pact was signed by EU Trade Commissioner […]
Swatch to hike prices after tariffs
- 15-Sep-2025
ZURICH, Sept 15, 2025: Swatch will hike its prices in the United States by between 5% and 15% after the 39% tariff President Donald Trump imposed on Switzerland last month, the Swiss watchmaker’s Chief Executive Nick Hayek said in a newspaper interview. Hayek told the NZZ am Sonntag newspaper at the weekend that the U.S. […]
Swatch sells watch named “WHAT IF…TARIFFS?”
- 12-Sep-2025
ZURICH: Swiss watchmaker Swatch has begun selling a special edition watch with the numbers three and nine reversed on its face in a play on the 39% tariffs President Donald Trump imposed on U.S. imports from Switzerland last month. The tariffs – among the highest set by Trump worldwide – were met with shock and […]
US, India eye trade reset as Trump plans talks with Modi
- 10-Sep-2025
WASHINGTON/NEW DELHI- Sept 9: U.S. President Donald Trump said on Tuesday his administration is continuing negotiations to address trade barriers with India and that he would talk to Prime Minister Narendra Modi, in a sign of a reset after weeks of diplomatic friction. Trump, in a marked shift of tone, said he looked forward to […]
US tariffs still spell big pain for Japan’s small car companies
- 05-Sep-2025
TOKYO, Sept 5: President Donald Trump gave Japanese automakers some relief by cutting his high U.S. tariffs on their vehicles, but the reduced levies still mean big pain for Japan’s smaller car companies, which will stay under pressure in the crucial market. After months of diplomacy, Trump signed an order on Thursday cutting U.S. tariffs […]
Starbucks supplier tastes bitter harvest of Trump tariffs
- 02-Sep-2025
September 2, 2025: Swiss coffee machine maker Thermoplan was a small family firm until it rode the wave of late 1990s globalisation to become a key supplier for Starbucks and created more than 500 jobs in a lakeside village by the Alps. The future of those jobs has been thrown into jeopardy since U.S. President […]
U.S. appeals court rules most Trump tariffs illegal
- 30-Aug-2025
NEW YORK: A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool. The court allowed the tariffs to remain in place through October 14 to give the Trump administration a chance to file an […]
Modi vows to protect farmers, cuts tax, pushes self-reliance amid Trump tariff tensions
- 15-Aug-2025
NEW DELHI, Aug 15: Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything from fertilisers to jet engines and EV batteries, and vowed to protect farmers in the face of a trade conflict with Washington. With the punishing tariffs imposed on Indian exports by U.S. President Donald […]