Over a month into his second term as US president, Donald Trump has slapped sweeping tariffs on the export-dependent nation, citing Beijing's failure to stem fentanyl flows as justification.

US President Donald Trump will exempt automakers from his punishing 25 percent tariffs on Canada and Mexico for one month as long as they comply with existing free trade rules, the White House said on Wednesday, a development that halted at least for now Wall Street’s steepest skid in nearly three months.

The annual winter address to Congress is usually a US president’s chance to urge legislators to pass his agenda. Donald Trump, appearing before lawmakers on Tuesday for the first time since returning to the White House, instead explained how he planned to ignore lawmaking in favor of executive action.

Trump's announcement came one day after a phone call with the CEOs of Ford, GM and Stellantis.

China has set an economic growth target of around five percent for 2025, broadly in line with analysts' expectations.

Malaysia is a key player in the vital chips sector but has been largely focused on packaging, assembly and testing services -- the lower end of the market

The trade war with US President Donald Trump's administration is threatening China's economic jewel, its sprawling industrial complex

Sudan produces around 80 percent of the world's gum arabic, a natural substance harvested from acacia trees that's widely used in mass-market products including L'Oreal, lipsticks and Nestle, petfood

Indian exports are facing mounting pressure from aggressive trade policies by partners such as the United States and the European Union, a senior trade ministry official said on Tuesday.

Taiwanese chip-making giant TSMC will invest at least $100 billion in the United States to build “cutting edge” manufacturing facilities, President Donald Trump said on Monday, announcing the latest blockbuster financial pledge by a private company since his return to office.

Bangladesh earns $3.97 billion from exports in the second month of the year

The tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01 am EST (0501 GMT)

The duties stand to impact over $918 billion worth of US imports from both countries.

Beijing will impose an additional 15% tariff on US chicken, wheat, corn and cotton

All eyes will also be on possible stimulus to boost domestic demand, sorely needed to counter a potential drop in tariff-sensitive exports.

Trump had unveiled -- and then paused -- blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking.

In a step towards expanding Bangladesh's export market, Pran-RFL Group, one of Bangladesh's leading conglomerates, signed an agreement with China's Haitian Group to enhance its production capacity and boost exports of household plastic goods through a Tk 200 crore project.

US consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record high as businesses front-loaded imports to avoid tariffs, setting up the economy for weak growth or even a contraction this quarter.

Cryptocurrency prices are down sharply in recent weeks and not expected to rebound soon, with some of the biggest digital currencies erasing nearly all of the gains they made after Donald Trump’s election win triggered a wave of excitement across the industry.

After Trump's November election win, Gautam Adani said the group planned to invest $10 billion in US energy security and infrastructure projects, creating a potential 15,000 jobs.