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Tag: Trump tariffs

  • EU Calls for ‘Respect’ as Trump Threatens 50% Tariffs on European Goods

    EU Calls for ‘Respect’ as Trump Threatens 50% Tariffs on European Goods

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    The European Union’s trade chief said the 27-member bloc is committed to securing a trade deal with the US based on “respect” not “threats”. It comes after US President Donald Trump threatened to slap a 50% tariff on all goods sent to the US from the EU. “The EU’s fully engaged, committed to securing a…

  • DHL Halts High-Value U.S. Deliveries Over Tariffs

    DHL Halts High-Value U.S. Deliveries Over Tariffs

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    DHL Express is suspending deliveries to the US worth more than $800 (£603) because of a “significant increase” in red tape at customs following the introduction of Donald Trump’s new tariff regime.  The delivery giant said it will temporarily stop shipments from companies in all countries to American consumers on Monday “until further notice”. It…

  • China to Raise Tariffs on U.S. Goods to 125% as Trade War Intensifies

    China to Raise Tariffs on U.S. Goods to 125% as Trade War Intensifies

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    President Xi Is Scheduled To Visit Vietnam, Malaysia, And Cambodia Next Week, Where The Escalating Trade Conflict Is Expected To Dominate Discussions As China Seeks To Build Alliances Against U.S. Trade Pressure. Beijing – In a sharp escalation of the ongoing trade war, China announced on Friday that it will increase tariffs on American goods…

  • Trump’s New Tariffs Take Effect, Hitting Chinese Goods with 104% Levies

    Trump’s New Tariffs Take Effect, Hitting Chinese Goods with 104% Levies

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    US President Donald Trump’s punishing tariffs on dozens of economies came into force Wednesday, including over 100 percent in levies against Chinese goods, sending markets into a tailspin again as the devastating global trade war intensified. Following the sweeping 10 percent tariffs that took effect over the weekend, rates on imports to the United States…

  • US Tariffs on Chinese Goods to Climb to 104% as Trade Tensions Escalate

    US Tariffs on Chinese Goods to Climb to 104% as Trade Tensions Escalate

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    Trump vowed a further 50% tariff hike on Chinese goods if Beijing hits back. Additional US tariffs on Chinese imports are set to reach 104 percent on Wednesday, the White House told AFP, as Washington doubles down on planned action after Beijing vowed a “fight to the end” on levies. US President Donald Trump had…

  • US Stocks Suffer Worst Week Since COVID Crash

    US Stocks Suffer Worst Week Since COVID Crash

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    Global markets plunged on Friday, as China hit back at tariffs announced by US President Donald Trump, raising the likelihood of an extended trade war and damage to the global economy.  All three major stock indexes in the US plunged more than 5%, with the S&P 500 dropping almost 6%, capping the worst week for…

  • Trump Announces Sweeping Tariffs on China, EU, and Other Nations

    Trump Announces Sweeping Tariffs on China, EU, and Other Nations

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    US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order, are expected to send economic shockwaves around the world.  But the US president believes they are necessary to address trading imbalances…

  • Three big unknowns ahead of Trump’s ‘Liberation Day’ tariffs

    Three big unknowns ahead of Trump’s ‘Liberation Day’ tariffs

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    Donald Trump says tariffs are coming. That message from the US president has been consistent. But what tariffs and when? The announcements of the new import taxes have come so thick and fast since he took office that it can be hard to keep track.  Trump has already raised duties on Chinese imports, steel, aluminium…