Author: i2wtc
Listen to article China has sharply increased tariffs on American imports to 125%, striking back at the United States in the latest escalation of trade tensions under President Donald Trump’s administration. The move was confirmed by China’s Customs Tariff Commission on Friday, in response to Washington’s tariff rate hike to a cumulative 145% on Chinese goods. China previously imposed 84% tariffs before the fresh increase. The commission said US goods had lost competitiveness in the Chinese market, warning that continued tariff hikes would become “a joke in the history of world economy.” The Trump administration’s tariff policies have drawn global criticism and…
One cannot underestimate the precarity that orders the lives of international students in the United States. I remember making my maiden journey from Kolkata to upstate New York as an international student to pursue an undergraduate degree at a small liberal arts college. This was back in 2003 when the US-led so-called “war on terror” was in full swing. The US had invaded Iraq only a few months before my arrival in New York. Be it the on-campus jingoism inspired by America’s battle against the “Axis of Evil” that left little room for critical assessments of US foreign policy in…
Throughout the past few weeks, United States President Donald Trump has announced a series of tariff policies, with shifting statements that have led to growing concerns about global economic instability. With Trump’s tariffs affecting nearly every country, many terms have been thrown around to describe the potential results. From trade wars to stock market drops, this article explains, in simple terms with illustrations, what these key terms mean, including those that may become more important in the coming months. 1. Tariff Tariffs are simply taxes imposed at the border by one country on the goods of a foreign country. They…
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. Brittany Hosea-Small | ReutersTechnology stocks were on pace for a winning week Friday on the heels of a volatile stretch spurred by ongoing tariff uncertainty and economic fears.The Nasdaq Composite has jumped nearly 6% this week despite a wild few sessions and is on pace for its best week since November. The index was up 1% Friday.Megacap technology stocks have bounced this week despite the recent turbulence.Nvidia has led the way with a more than…
Sen. Adam Schiff, D-Calif., questions Brooke Rollins, President Donald Trump’s nominee to be Agriculture secretary, during her Senate Agriculture, Nutrition and Forestry Committee confirmation hearing in Dirksen building on Thursday, January 23, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesA group of Senate Democrats on Friday asked the Securities and Exchange Commission to investigate President Donald Trump and others for “potential violations of securities law” related to the president’s announcement this week of a pause in so-called reciprocal tariffs on imports from many countries.”Specifically, we ask the SEC to determine whether President Trump, any members of his cabinet, or…
Posters of film ‘Despicable Me 4’, film ‘Stand By Me’ and film ‘A Legend’ are displayed at the entrance of a cinema on July 16, 2024 in Shanghai, China.Vcg | Visual China Group | Getty ImagesHollywood is being pulled into President Donald Trump’s trade war.After Trump escalated tariffs on Chinse imports earlier this week, the Chinese government retaliated, including by restricting the number of Hollywood films it would allow to be showcased in its movie theaters.Disney and Warner Bros. Discovery were among the companies that saw their stocks dip this week during volatile trading in response to tariff changes. Both…
Listen to article ISLAMABAD: As the gap between wholesale and retail prices of a few essential commodities alarmingly widened to 133%, senior provincial administration officials of Punjab and Balochistan seemed unaware of the heavy profiteering taking place in their provinces, revealed proceedings of an official huddle. Punjab chief secretary logged in to a price support decision dashboard hardly three times in the past one month compared to 88 times by Khyber-Pakhtunkhwa chief secretary, according to the data presented in a meeting of the National Price Monitoring Committee on Thursday. The login activity was monitored by the Pakistan Bureau of Statistics (PBS) from…
The tenth edition of the HBL Pakistan Super League (PSL) formally began on Thursday with an opening ceremony at the Rawalpindi Cricket Stadium. Among the performers at the ceremony were Abida Parveen, Ali Zafar, Natasha Baig and popular rap duo Young Stunners. Islamabad United and Lahore Qalandars will play against each other in the first match of the tournament at 8:30pm. That it marks a decade of the country’s very own cash-rich franchise T20 tournament, is probably one of the very few special things about this year’s PSL, given where Pakistan cricket stands today. The tournament has come amid the…
A pharmacist collects medications for prescriptions at a pharmacy.Simon Dawson | Bloomberg | Getty ImagesPresident Donald Trump’s planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some experts told CNBC. The duties could disrupt the complex pharmaceutical supply chain, drive up the prices of drugs in the U.S. and exacerbate shortages of critical medicines, some health policy experts said. Drugmakers often rely on a global network of manufacturing sites for different steps of the production process. “We are already in a state where prescription drugs are unaffordable to many,” Mariana Socal, a health policy…
Chinese President Xi Jinping meets with Spanish Prime Minister Pedro Sanchez at the Diaoyutai State Guesthouse in Beijing, capital of China, April 11, 2025. (Xinhua/Rao Aimin)BEIJING, April 11 (Xinhua) — Chinese President Xi Jinping and Spanish Prime Minister Pedro Sanchez met in Beijing on Friday, pledging to build stronger ties and calling for safeguarding the international trade order.MUTUAL SUPPORT, TRUST, RESPECTChina stands ready to work with Spain to build a more strategically resilient and dynamic comprehensive strategic partnership, Xi told Sanchez.Noting that this year marks the 20th anniversary of the establishment of a comprehensive strategic partnership between China and Spain,…