Agricultural products: Many countries impose ad valorem tariffs on imported agricultural goods, such as fruits, vegetables, and dairy products. For example, a 15% tariff on imported cheese valued ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is commonly used ...

TOKYO -- South Korea's currency has rebounded to its strongest level in about a month against the dollar, with tensions having eased after U.S. President Donald Trump held off on promised tariffs.

Donald Trump’s proposed tariffs on Mexico would amount to the US “strangling” itself and are likely to force production to shift to south-east Asia, the head of one of the world’s largest ...

Here, we explore three scenarios where the Trump administration imposes stronger trade restrictions on China, the rest of Asia, and the world, including higher blanket tariffs. In addition to tariffs ...

Photo: Leah Millis/Reuters; Department of Defense Handover/Reuters President Trump on Sunday night backed off a threat he had made earlier in the day to impose 25% tariffs and economic sanctions ...

Trump's proposed 60 per cent tariff on goods from China could push production out of China to Southeast Asia, leading to the fragmentation of supply chains and causing significant inefficiencies. As ...

Pope Francis' tour spread compassion and fraternity in Indonesia, Papua New Guinea, Timor-Leste, and Singapore ...

Asia Pacificcategory Air Busan Airbus plane catches fire at South Korea's Busan airport 6:06 PM UTC Asia Pacificcategory India and China agree to resume air travel, settle economic differences 9: ...

The White House also backed off its threat to impose tariffs unless Colombia “fails ... and for decades has been its closest partner in South America. The face-off also demonstrates the ...