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Leading garment producer Bangladesh holds crisis talks on US tariffs
Leading garment producer Bangladesh holds crisis talks on US tariffs
by  AFP

Bangladesh's interim leader called an emergency meeting on Saturday after textile leaders in the world's second-largest garment manufacturing nation said US tariffs were a "massive blow" to the key industry. Interim leader Muhammad Yunus "convened an emergency meeting... to discuss the US tariff issue," the government said in a statement.

Fractious Republicans seek unity over Trump tax cuts
Fractious Republicans seek unity over Trump tax cuts
by  AFP

US senators were set to vote Saturday on unlocking trillions of dollars for sweeping tax cuts promised by President Donald Trump, despite bitter infighting among the majority Republicans over the savings that will be needed to fund them.

America's passion for tariffs rarely pays off, economists warn
America's passion for tariffs rarely pays off, economists warn
by  AFP

Long before Donald Trump's "Liberation Day" announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive -- and sometimes catastrophic -- results. During his first term in office, Donald Trump reopened the tariff ledger and decided on new measures against China, many of which were maintained under his successor, Joe Biden.

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