Business News from Wednesday, April 9th, 2025

Dubai Chambers have organised a high-level business meeting in Mumbai with key officials and business leaders from both the UAE and India.

China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by US President Donald Trump.

Pakistan's national carrier has posted an annual profit for the first time in more than two decades ahead of a second attempt by the government to sell the airline, the country's defence minister said.

US President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104 per cent duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.