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Trump administration unveils new strategy to make US tariffs more permanent
July 25th, 2026 - 08:32 GMT
Osama Ali

Osama Ali

Trump administration unveils new strategy to make US tariffs more permanent

ALBAWABA - The Trump administration is ready to double down on its trade agenda with a more permanent tariff regime after losing a legal challenge that overturned several of its emergency-based trade measures, using long-standing U.S. trade regulations. Donald Trump’s return to power in 2025 saw him immediately imposing sweeping tariffs to force major trading partners back to the negotiating table on trade. But the U.S. Supreme Court later ruled ...
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The UAE is set to be the first GCC country to introduce VAT in 2018 and is expecting to generate around Dhs 10bn to Dhs 12bn in revenues in its first year of implementation. (Shutterstock)
June 19th, 2016 - 06:00 GMT

UAE lays out first phase of corporate VAT policy

Boeing was pipped by European rival Airbus who signed a preliminary agreement in January to sell Iran 118 aircraft valued at $27 billion. (Wikimedia Commons)
June 19th, 2016 - 04:23 GMT

Financing issues present the last hurdle in Iran's 'historic' Boeing deal

A US found that integrating solar power into the grid is complex because, utility system operators would need to favor one source of supply over the other to maintain market balance. (Shutterstock)
June 16th, 2016 - 01:03 GMT

Renewable energy costs could drop by up to 59 percent in five years: IRENA

The plan envisages increasing the country’s refining capacity to about 3.2 million barrels a day by 2020 from 1.85 million currently. (Ship and Bunker)
June 16th, 2016 - 01:00 GMT

Iran plans to boost refinery capacity by more than 70 percent in four years

Last April, Saudi Arabia and the United States had added a number of organizations on their lists of terrorist groups. (File photo)
June 16th, 2016 - 12:30 GMT

Saudi Arabia tightens bank transfer procedures to Lebanon to prevent Hezbollah funding

Egypt's Central Bank has sought to crack down on the black market, revoking the licenses of exchange bureaus found dealing far beyond the official rate. (AFP/Khaled Desouki)
June 16th, 2016 - 11:43 GMT

Egypt's black market currency traders take their business abroad

Muscat Finance has achieved a net profit of OMR1.21 million for the first quarter of 2016, against OMR1.26 million for the same period of last year. (File photo)
June 16th, 2016 - 10:30 GMT

Muscat Finance plans $13M bond issue

The AC-208 is based off ATK's Cessna 208 Caravan aircraft. It provides intelligence, surveillance and reconnaissance capabilities and can be armed with Hellfire missiles. (Wikimedia Commons)
June 16th, 2016 - 08:30 GMT

Iraq: US green lights proposed $181M aircraft maintenance deal

The Facilitation Agreement is one of the most important agreements of the multilateral trade system of the WTO and the first to be added after 18 years of the establishment of WTO. (Flickr)
June 16th, 2016 - 07:30 GMT

Saudi Arabia becomes second Arab country to ratify WTO Trade Facilitation Agreement

Technological advances and consumer preferences over the years has drastically reduced demand for luxury Egyptian cotton. (Shutterstock)
June 16th, 2016 - 05:41 GMT

Egyptian cotton industry crippled by cut subsidies, falling demand

With markets already balancing on the back of modest global economic growth, the price for crude oil last week topped $50 per barrel for the first time in nearly a year. (File photo)
June 16th, 2016 - 04:37 GMT

Brexit fears, Goldman Sachs report drive oil prices below $50

Microsoft will benefit from LinkedIn’s ‘Sponsored Content’ space by enhancing its business to business marketing offering. (File photo)
June 15th, 2016 - 01:00 GMT

Microsoft's LinkedIn acquisition creates new opportunities in the Middle East

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