China and the United States have agreed to reduce tariffs on around $60 billion worth of goods imported from each other, marking another step toward easing trade tensions between the world’s two largest economies. The tariff reductions will cover a wide range of products, including U.S. corn and other agricultural goods, as well as Chinese […]
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to hold high-level economic talks in New York on Sunday, September 20, as Washington and Beijing seek to prepare the ground for a major meeting between US President Donald Trump and Chinese President Xi Jinping later this week. The discussions, which will […]
The U.S. House of Representatives has advanced legislation aimed at tightening economic pressure on Russia, moving the measure closer to a final vote after months of debate over sanctions and presidential tariff powers. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 would give President Donald Trump expanded authority to impose tariffs of […]
The U.S. House of Representatives has advanced legislation that could give President Donald Trump the authority to impose tariffs of up to 100% on goods from countries that continue to purchase Russian oil and gas, putting India and several other major Russian energy buyers in the spotlight. The measure cleared a key procedural hurdle in […]
Mexico and the United States are accelerating negotiations aimed at reaching a bilateral trade agreement before the November 3 U.S. midterm elections, as both governments seek to protect cross-border commerce and provide greater certainty for businesses and investors. The push has gained urgency following the collapse of recent trade discussions between Washington and Canada, which […]
LN24 International Senior Correspondent Yvonne Katsande reports live from Delhi, India, bringing the latest from the 2026 BRICS Summit as leaders turn their attention to trade, investment, innovation and the growing role of smaller economies in the global economic landscape. As the expanded BRICS grouping meets in New Delhi, discussions are focusing on how emerging […]
Chinese President Xi Jinping is preparing to bring a large delegation of Chinese business leaders to Washington during his planned September 24 visit, in a move that could signal Beijing’s desire to strengthen commercial ties with the United States despite persistent trade and technology tensions. According to sources familiar with the preparations, the delegation is […]
Cairo Calls for De-escalation, Diplomacy and Safe Navigation of International Waterways Egypt has stressed the importance of implementing the U.S.-Iran memorandum of understanding and intensifying diplomatic efforts to reduce tensions across the Middle East. Egyptian Foreign Minister Badr Abdelatty raised the issue during a phone call with U.S. Special Envoy to the Middle East Steve […]
The United States could announce an agreement with Iran to reopen the Strait of Hormuz as early as “today or tomorrow,” according to U.S. Treasury Secretary Scott Bessent. Bessent said negotiations are progressing and expressed optimism that a breakthrough could be reached soon. He noted that financial markets have responded positively to the prospect of […]
Washington Cites Forced Labour Concerns for New Import Duties Tariffs Affect Dozens of Countries and Economic Blocs The United States has imposed new tariffs on 60 trading partners, citing concerns that they have failed to adequately address forced labour within their supply chains. The new import duties, ranging from 10% to 12.5%, apply to key […]