News
UK, France Warn of Consequences Posed by US Tariffs, Call for Averting Trade War
UK Prime Minister Keir Starmer and French President Emmanuel Macron confirmed that a trade war was in nobody’s interests. This was the first joint position concerning the new reciprocal tariffs imposed by the United States.
In a statement, Starmer’s Downing Street office reported that both sides spoke over the phone about the consequences of the US trade policies. They expressed their concern about the tariffs declared by US President Donald Trump and their implications for the global economy, particularly in the Southeast Asian region.
In addition, the two sides underscored the importance of collaboration and coordination among European allies in confronting the economic challenges arising from these measures, emphasizing the necessity of maintaining close communication in the coming weeks.
Last Wednesday, US President Donald Trump announced a package of tariffs on imports to support the domestic manufacturing sector. The measures included a 34 percent tariff on Chinese imports, a 20 percent tariff on goods from the European Union, along with varying rates imposed on several other countries, and a minimum tariff of 10 percent on all US imports.
-
Economy2 months agoExclusive: Inside Oman’s Evolving MSME Finance Ecosystem – An Interview with Hussain Al Lawati, CEO, Development Bank
-
Banking & Finance1 month agoSohar International Contributes OMR100,000 to Support Those Affected by Al Masarrat Weather Conditions
-
OER Magazines1 month agoOER, March 26
-
OER Magazines1 week agoDossier Oman: Banking, Finance & Insurance Special Edition
-
Economy2 months agoIbri Industrial City Localises Two Projects Worth RO2M in 2025
-
News1 month agoReal Estate Price Index in Oman Grows By 13.9%
-
Economy3 weeks agoOPINION: War, Climate, and the Costs We Choose Not to See
-
News2 months agoVIDEO: Al Khamayil Oman Scales Up Production with New Rusail Facility
