Economy

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Trump says 'no extensions' to Aug 1 tariff deadline
Trump says 'no extensions' to Aug 1 tariff deadline
by  AFP

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. But the president this week again delayed their reimposition, pushing it back to August 1.

German exports to US tumble as Berlin urges quick trade deal
German exports to US tumble as Berlin urges quick trade deal
by  AFP

German exports to the United States plummeted in May, official data showed Tuesday, as Berlin pressed the European Union to strike a quick tariff deal with US President Donald Trump. German Chancellor Friedrich Merz last week called on the EU to strike a "quick and simple" bargain with the United States, saying Germany's "key industries" needed clarity. vbw/sea/rl

Cambodian garment workers fret Trump's new tariff threat
Cambodian garment workers fret Trump's new tariff threat
by  AFP

As Cambodian garment workers took breaks from toiling in sweltering factories on Tuesday, they feared for their jobs after US President Donald Trump's threat to impose a 36 percent tariff. "I fear that the high tariff will affect factories and will result in fewer jobs for workers," said the 47-year-old.