Duties levied on aforementioned US products will be reduced from $521.2 million to $260.6 million, trade minister Ruhsar Pekcan says.
US President Donald Trump removes import taxes on Canadian and Mexican steel and aluminum but delays auto tariffs that would have hurt Japan and Europe.
Sending Wall Street into a slide, China announced higher tariffs on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Earlier, stocks also fell in Europe and Asia.
Islamabad has once again been forced to approach the lender but the loan is a stopgap measure and Prime Minister Imran Khan’s government has to take difficult steps to resurrect the economy.
Scores of various countries within the European Union differ markedly, with some of those of the former communist states in Eastern Europe bringing down the average.
Stocks fell a day after Washington accused Beijing of backtracking on key commitments, marking a reverse in hopes which saw markets rally to new highs in recent days.
Following US-imposed sanctions, Tehran signals it will use other routes to sell its oil to private sellers, who will sell it on to other states.
In a country that produces enough food to feed 10 times its population, around eight percent of Argentinians can hardly afford one meal per day.
Amazon said it would close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals.
The two NATO allies have differences over some geopolitical issues, but officials are hopeful that business and trade will help mend ties.
Turkey's Treasury and Finance Minister Berat Albayrak has conducted a series of meetings with US finance officials, including US Secretary of Treasury Steven Mnuchin to advance bilateral economic ties.
The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.
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