US stripped of top credit rating as Trump plots tax cuts

The United States has been stripped of a prized top credit rating for the first time, as fears rise that the Trump administration will not tackle its soaring debts, The Telegraph reported.

China and US agree to ease tariffs for 90 days as trade war talks extended

China and the United States have agreed to suspend some of the heavy trade tariffs imposed against one another as they prepare to extend negotiations aimed at lowering trade war tensions, Al Jazeera reported.

China, US hold talks on tariffs in first bid to de-escalate trade war

China’s trade envoy He Lifeng has met United States Treasury Secretary Scott Bessent in Switzerland for talks aimed at easing a trade war between the superpowers that is roiling global markets.

California sues to stop Trump from imposing sweeping tariffs

California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president’s authority to impose sweeping tariffs that have set off a global trade war, AP reported.

By Najah Mohammed Ali

Trump's policies between economic shocks and geopolitical risks

LONDON – Donald Trump’s sweeping tariffs have injected turbulence into global financial markets. The tariffs on nearly all U.S. trading partners threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.

China to take countermeasures against U.S. 'reciprocal tariffs'

China firmly opposes the U.S. "reciprocal tariffs" and will resolutely adopt countermeasures to safeguard its rights and interests, a spokesperson for the Ministry of Commerce said on Thursday.

Trump threatens EU with tariffs while the bloc warns of firm response 

US President Donald Trump has hinted the European Union (EU) could be next to face tariffs, after he slapped 25% levies on goods from Mexico and Canada, and an additional 10% tax on imports from China.