President-elect Donald Trump has denied a Washington Post report that said he plans to impose blanket tariffs on critical imports, implying a pared-back tariff policy. Trump denied the claims on his Truth Social platform, saying the report was “fake news.” Trump has announced his intention to impose tariffs of 10% on all goods and tariffs … Read more
President Trump has announced his intention to impose import tariffs on all goods produced outside the United States, supporting his “America First” initiative. He wants to boost the country’s manufacturing industry, which is a boon for factory workers. However, tariffs can stimulate inflation as importers pass on additional costs to buyers. Tariffs are thought to … Read more
US President-elect Donald Trump attends the launch presentation of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, November 19, 2024. – Reuters BRICS countries may lose access to the US market: Trump. Trump: BRICS cannot replace the US dollar in international trade Putin denies that the group is seeking a unified … Read more
US President Joe Biden meets with President-elect Donald Trump in the Oval Office of the White House in Washington, United States, November 13, 2024. – Reuters Trump says the tariffs will be removed if illegal immigration and drug trafficking stop. “There will be no potential tariff war,” says Mexican President Sheinbaum. The Republican reaffirms his … Read more
US President-elect Donald Trump speaks during a public rally in Indiana, Pennsylvania, United States. – Reuters/File Trump announces the imposition of 25% tariffs on all goods coming from three countries. Chinese embassy spokesman says no one will win in the trade war. Liu Bingyu says bilateral trade cooperation is mutually beneficial. WASHINGTON: As people inside … Read more
US Treasury Secretary Janet Yellen testifies before the House Financial Services Committee regarding the department’s annual report on the international financial system, on Capitol Hill in Washington, US, July 9, 2024. — Reuters US Treasury Secretary Janet Yellen on Thursday will reject Republican presidential candidate Donald Trump’s proposals to impose high tariffs on allies and … Read more
In September, the US adopted a 100% tariff on all electric vehicles (EVs) imported from China, along with a 50% tariff on solar cells and a 25% tariff on steel, aluminum, EV batteries and key minerals. The raft of new duties took effect on September 27, and a long-debated 50% tariff on Chinese semiconductors is … Read more
BEIJING: The European Union (EU) voted on Friday to impose tariffs of up to 45 percent on imports of battery electric vehicles (EVs) manufactured in China, a move that has ignited significant opposition from various EU member states and the automotive industry. In response, the China Council for the Promotion of International Trade expressed its … Read more
BEIJING: China’s Ministry of Commerce (MOFCOM) on Friday expressed strong opposition to the EU’s decision to impose anti-subsidy tariffs on Chinese electric vehicles (EVs), following the EU’s vote in favor of the measure. MOFCOM reaffirmed China’s firm and consistent stance, stating that China strongly opposes the EU’s protectionist practices, which it considers unfair, non-compliant and … Read more