Tariffs as a tool of geoeconomics
Just over 100 days since “Liberation Day” – the moment President Trump unveiled his new international trade rules – a seismic shift is underway in the global economic order.
On August 7, the latest ...
Higher tariffs hit major US trading partners, sparking defiance and concern
U.S. President Donald Trump’s higher tariffs on imports from dozens of countries kicked in on Thursday, raising the average U.S. import duty to its highest in a ...
trade tariffs
Trump hits more countries with steep tariffs, markets tumble
U.S. President Donald Trump‘s latest wave of tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, sent global markets tumbling on Friday as ...
US and EU clinch deal with broad 15% tariffs on EU goods to avert trade war
The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods – half the threatened rate – and averting a bigger ...
tariffs
US and Japan strike $550 billion trade deal, slashing auto tariffs
The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a $550 billion package ...
Brazil’s Lula says he won’t take orders from ‘gringo’ Trump
Brazilian President Luiz Inacio Lula da Silva on Thursday said that he would not take orders from a “gringo,” responding to U.S. President Donald Trump’s letter slapping Brazil ...
TRADE WAR
Trump’s trade blitz continues with Indonesia deal, pharma tariff plans, and global warnings
President Donald Trump said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were coming, while ...
Trump says Indonesia to pay 19% tariffs as part of trade deal
President Donald Trump said on Tuesday the United States would pay no tariffs to Indonesia as part of a trade deal while the southeast Asian country would pay 19%.
“They are ...
trade tariffs
Trade war looms as EU prepares €21 billion in tariffs in response to Trump’s 30% import tax
The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two countries fail to reach a trade deal, Italy’s ...
EU to keep US trade countermeasures on hold until August, says von der Leyen
The EU will extend its suspension of countermeasures to US tariffs until early August as it aims for a negotiated solution on trade with the United States, European Commission President ...
EU awaits Trump letter as markets digest latest tariff salvo
The European Union braced on Friday for a possible letter from U.S. President Donald Trump outlining planned duties on the United States’ largest trade and investment partner after a ...
Asian garment industry braces for higher US tariffs
Across Asia, unions and industry groups are raising alarms over the impact of higher tariffs by the United States on garment workers.
High tariffs might force companies to shut down ...
US Tariffs
Trump escalates trade war with Canada, EU and allies on edge
President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs ...
Tariffs
Trump unleashes 50% tariffs on copper, Brazil in explosive trade salvo
U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.S. copper imports and a 50% duty on goods from Brazil, ...
Trump issues new tariff notices as EU pushes for US trade deal
U.S. President Donald Trump issued final tariff notices to seven minor trading partners on Wednesday as his administration inched closer to a deal with its biggest trading partner, the ...
trade tariffs
Trade turbulence deepens: Trump hikes tariffs on 14 countries, including ‘allies’
U.S. President Donald Trump opened a new phase in the trade war he launched this year, telling partners, from powerhouse suppliers such as Japan and South Korea to minor ...
EU, US report progress on trade talks despite new metals tariffs
The United States and European Union said trade talks advanced quickly and in the right direction on Wednesday, top negotiators said, despite a stumbling block posed by new U.S. ...
US judiciary pushes back on tariffs
Three judges of the US Court of International Trade (USCIT) held that most of the tariffs imposed by President Donald Trump were unlawful and struck them down.
Trump immediately appealed ...
US TARIFFS
Trump’s tariffs to remain in effect after appeals court grants stay
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a US trade court ruled that Trump had exceeded his ...
Twin blows to Trump agenda as court blocks tariffs and Musk exits administration
Former President Donald Trump’s economic agenda was dealt a pair of significant setbacks this week, as a US trade court struck down his sweeping tariff orders and Elon Musk ...
trade tariffs
Trump backs off EU tariff threat, agrees to more time for talks
President Donald Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and ...
Tariffs
Trump pushes EU to cut tariffs or face extra duties, FT reports
U.S. President Donald Trump’s trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in ...
Trump tells Walmart to ‘eat the tariffs’ instead of raising prices
U.S. President Donald Trump said on Saturday that Walmart should “eat the tariffs” instead of blaming duties imposed by his administration on imported goods for the retailer’s increased ...
US and China reach deal to temporarily slash tariffs
The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world’s two biggest economies seek to end a damaging ...