global trade war

MSC launches new Europe–Red Sea–Middle East route amid Hormuz disruption

Swiss container shipping giant Mediterranean Shipping Company, or MSC, has announced the launch of a new Europe–Red Sea–Middle East Express route, the company said on its website.

5 May, 02:26 PM

Trump calls on NATO to join sanctions push, lays out terms for action against Russia

U.S. President Donald Trump said he is prepared to impose tough sanctions on Russia — but only if all NATO member states do the same and halt purchases of Russian oil. He made the comments on Truth Social on Sept. 13.

14 September 2025, 01:30 PM

India suspends U.S. arms deals over Trump’s tariffs

India has temporarily halted plans to procure U.S. weapons and aircraft following the imposition of additional tariffs by the administration of President Donald Trump, Reuters reported on Aug. 8, citing Indian officials.

8 August 2025, 06:25 PM

Trump says Putin made progress, but new U.S. sanctions still set for Aug. 8 deadline

U.S. President Donald Trump’s schedule remains unchanged and the secondary sanctions he had warned about will be imposed on Aug. 8, The New York Times reported on Aug. 6, citing a White House official who spoke on condition of anonymity.

7 August 2025, 02:25 PM

Indian refineries await government orders on Russian oil imports after new U.S. tariffs

Indian oil refineries are awaiting government instructions on whether to continue importing Russian oil after the United States imposed an additional 25% tariff on imports from India, Reuters reported on Aug. 6, citing unnamed sources.

7 August 2025, 10:15 AM

Russia ships first oil cargo to Vietnam as it seeks new petrochemical buyers

Russia has shipped its first oil cargo to Vietnam, stepping up efforts to find new buyers amid Western sanctions that have hit its energy exports, Reuters reported on Aug. 6.

6 August 2025, 06:31 PM

U.S. trade war: Oil prices steady as Trump tariffs loom

Oil prices held steady as investors weighed the risk of supply shortages following U.S. President Donald Trump’s push for a swift resolution to the war in Ukraine through new tariffs — even as an unexpected rise in U.S. crude inventories capped gains, Reuters reported on July 31.

31 July 2025, 12:52 PM

Trump’s tariff war: Tech giant Philips cuts forecast losses after U.S.-EU deal

Dutch tech conglomerate Philips said it expects lower losses tied to U.S. tariffs next year, adjusting its projected costs down to €150 million–€200 million. The revision follows fresh trade agreements between the United States and both the European Union and China, Dutch outlet NOS reported on July 29.

30 July 2025, 11:20 AM

‘German economy will suffer’: Merz delivers mixed response to U.S.-EU trade deal

German Chancellor Friedrich Merz has warned that new U.S. tariffs on European Union goods will deal a major blow to Germany’s export-driven economy, even as he acknowledged that a better outcome was likely out of reach, Deutsche Welle reported on July 29.

29 July 2025, 02:22 PM

Trump says U.S., EU have agreed on trade deal framework

The United States and the European Union have agreed on the outlines of a new trade agreement, President Donald Trump said on July 27 after talks with European Commission President Ursula von der Leyen in Scotland, CNN reported.

28 July 2025, 01:09 PM

Trump sets new tariffs on six countries for August

U.S. President Donald Trump announced the imposition of new blanket import tariffs starting Aug. 1 on goods from six additional countries—Brunei, the Philippines, Iraq, Algeria, Moldova, and Libya, according to The Guardian.

10 July 2025, 02:35 PM

EU to continue trade talks with U.S. beyond Trump’s July 9 deadline

The European Union believes trade talks with the United States may continue beyond the July 9 deadline set by President Donald Trump, despite the recent acceleration of negotiations, Bloomberg reported on June 11, citing sources familiar with the matter.

11 June 2025, 02:45 PM

China lifts ban on Boeing plane deliveries after US tariff deal

China lifted a month-long ban on Boeing aircraft deliveries following a trade agreement with the United States that reduced tariffs, allowing Chinese airlines to resume imports, Bloomberg reported on May 13, citing anonymous sources familiar with the matter.

13 May 2025, 01:04 PM

China halts US oil imports amid tariff clash

China, the world’s largest oil importer, ceased buying U.S. crude in March 2025, exacerbating demand woes for American shale producers amid escalating trade tensions, Bloomberg reported on May 6.

7 May 2025, 12:50 PM

Hopes of US-China deal lift oil prices

Oil prices climbed on May 7, with Brent futures reaching $62.69 and WTI at $59.68, driven by U.S.-China trade talk hopes and a reported 4.49 million-barrel drop in U.S. oil stocks, news agency Interfax-Ukraine reported, citing market data.

7 May 2025, 10:52 AM

Brent, WTI oil prices climb on potential US-China tariff de-escalation

Oil prices rose 0.8% on May 2, with Brent at $62.62 and WTI at $59.74 per barrel, after China expressed willingness to negotiate with the United States on tariffs, raising hopes of de-escalating the trade war, Reuters reported.

2 May 2025, 01:07 PM

China quietly lifts tariffs on U.S. semiconductors

China lifted its 125% tariffs on certain U.S.-made semiconductors without an official announcement, CNN reported on April 24, citing import agencies that discovered the change during customs clearance.

25 April 2025, 01:19 PM

Von der Leyen: The ‘greater West’ is gone — only Europe remains

The “greater West” no longer exists, European Commission President Ursula von der Leyen said in an interview cited by The Times on April 10, blaming the shift on the political course set by U.S. President Donald Trump.

17 April 2025, 06:26 PM

Trump’s tariffs will hit U.S. economy — Fed chair

U.S. President Donald Trump’s trade policy is likely to undermine the Federal Reserve’s efforts to keep inflation and unemployment in check, Fed Chair Jerome Powell told the Financial Times on April 16.

17 April 2025, 03:20 PM

Xi urges ‘Asian family’ unity amid Trump’s trade pressure

During a trip to Southeast Asia, Chinese leader Xi Jinping promoted the idea of an “Asian family” and called for regional unity in a bid to counter growing pressure from the United States, Bloomberg reported on April 17.

17 April 2025, 11:45 AM

global trade war

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