Washington, April 3 (IANS) US President Donald Trump signed a sweeping proclamation imposing steep tariffs on imports of steel, aluminium and copper, tightening trade controls in the name of national security.The order mandates that tariffs apply to the “full customs value” of imported metal products and their derivatives, closing what the administration described as loopholes in earlier measures.The move builds on earlier Section 232 actions, under which the US had already determined that r…
Washington, April 3 (IANS) The United States will impose tariffs of up to 100 per cent on imported patented pharmaceuticals, with President Donald Trump citing national security risks and heavy reliance on foreign supply chains.In a proclamation issued Thursday, Trump said pharmaceuticals and related ingredients “are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.”The proclamation targe…
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View MoreWashington, April 3 (IANS) The United States warned China that actions targeting Panama-flagged vessels threaten a key global trade route and could drive up costs for businesses and consumers.US Secretary of State Marco Rubio said China’s recent actions against Panama-flagged ships raise “serious concern” about the use of economic tools to undermine the rule of law in Panama.“China’s recent actions against Panama-flagged vessels raise serious concerns about the use of economic tools to…
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