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BRICS criticism brings Trump 10% tariff threat
BRICS criticism brings Trump 10% tariff threat
by  AFP

US President Donald Trump threatened China, India, and some of the world's fastest-emerging economies with higher import tariffs, hitting back at BRICS criticism of his trade policies as the bloc meets Monday. Now he is threatening to impose unilateral levies on trading partners unless they reach "deals" by August 1, with BRICS nations seemingly faced with higher tariffs than planned.

Apple appeals 500-mn-euro EU fine
Apple appeals 500-mn-euro EU fine
by  AFP

Apple filed an appeal on Monday against 500-million-euro fine imposed by the EU and accused Brussels of forcing the US tech giant to make changes that are "bad" for users. "As our appeal will show, the commission is mandating how we run our store and forcing business terms which are confusing for developers and bad for users.

North Korea bars Western influencers from trade fair tour
North Korea bars Western influencers from trade fair tour
by  AFP

North Korea has barred Western influencers from joining a delegation of tourists to an international trade fair in October, a China-based tour operator told AFP on Monday. - Lavish gifts - The YPT tour, priced at 3,995 euros ($4,704), will depart from the Chinese capital Beijing and take in the Pyongyang Autumn International Trade Fair, North Korea's biggest international business exhibition.

Asian markets drop as Trump's tariff deadline looms
Asian markets drop as Trump's tariff deadline looms
by  AFP

Most Asian markets fell Monday as countries fought to hammer out trade deals days before Donald Trump's tariff deadline, though investors took heart after he said the levies would not kick in until the start of next month. Governments from major trading partners including Japan, India, the European Union and South Korea have fought for the past three months to get agreements.