US President Donald Trump threatened on Friday a 100% tariff on all goods from any country that imposes a digital services tax on American companies, inflaming transatlantic trade tensions a day after ?European Union countries met Trump’s July 4 deadline to cut tariffs on US goods. “Numerous European Countries have been discussing the imminent implementation […]
tariff
Govt rejects reports on ‘solar deterrent’ tariff, says no plan to penalise industry
The Ministry of Energy (Power Division) on Thursday strongly refuted a media report claiming that the government planned to increase fixed electricity charges to discourage industrial consumers from shifting to solar energy, terming the assertion “factually incorrect and misleading.” In a statement issued here, the Power Division clarified that no proposal had been shared with […]
Pakistan offers zero-tariff bilateral trade deal to US
In a major development, Pakistan has offered a zero-tariff bilateral trade agreement to the United States, according to government sources. “Pakistan is offering to enter into a bilateral agreement with zero tariffs on selected tariff lines, with mutual interests, to expand bilateral trade across multiple sectors,” said a high-level source when asked about the new […]
UK, US strike deal over Airbus-Boeing dispute
Britain and the US have suspended retaliatory tariffs levied during a 17-year dispute over state aid for European planemaker Airbus and US rival Boeing, London announced Thursday. The moves came in the wake of a similar long-term deal between the European Union and US unveiled Tuesday. The Airbus-Boeing dispute, the longest-running in the history of […]
Railways to switch 155 stations to solar energy with Rs450m cost
LAHORE: Pakistan Railways will shift its 155 railway stations to solar energy under the vision of the government to use alternative environment-friendly energy resources. PR Public Relations Director Nazia Jabeen said on Monday that total cost of the project would be Rs 450 million. She said that the PC-1 of the project – Solarization and […]
Trump renews Mexico tariff threat amid row over migration deal
US President Donald Trump renewed his threat Monday to impose tariffs on Mexico as controversy erupted over what exactly is in the countries’ new migration deal, which the Mexican government admitted would be reviewed in 45 days. Trump reignited the pressure three days after granting a reprieve from tariffs that he had threatened to apply […]