Trump rekindles global trade tensions with sweeping new tariffs

Trump rekindles global trade tensions with sweeping new tariffs

Malaysia dodges U.S. tariffs on chips and drugs, even as 19% rate kicks in Malaysia’s semiconductor exports — which are a major pillar of its economy — will be exempt from U.S. tariffs, its trade minister Tengku Zafrul Aziz said Friday. According to the country’s trade ministry, Malaysia is the sixth …

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Trump readies blanket tariffs as he brushes off inflation worries

Trump readies blanket tariffs as he brushes off inflation worries

US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz/CNP/Bloomberg via Getty Images President Donald Trump on Thursday said that he plans to impose blanket tariffs of 15% or 20% on most trade partners, dismissing concerns that further tariffs …

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