• Apr 15, 2025

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according to a government source directly involved with the proposal and a refinery executive. Countries are scrambling to find ways to lower their U.S. tariff burdens, including buying more U.S. oil and gas, as President Donald Trump's sweeping import duties rattle economies and markets. Trump has imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.

  • Apr 15, 2025

At China's largest trade fair, exporters say US markets are 'frozen'

Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished. Li was at her firm's booth at the Canton Fair, China's biggest trade expo held twice-a-year in the southern city of Guangzhou, where more than 30,000 exhibitors showcase their products over an area larger than 200 football fields. This was the first such fair China has held since U.S. President Donald Trump slapped tariffs in excess of 100% on China and of at least 10% on the rest of the world earlier this month.