Tag: commercial war

• Thursday, April 10th 2025 - 10:40 UTC

  Trump lowers huge tariffs for everybody but ups those for China

  

  US President Donald Trump Wednesday announced a 90-day freeze on reciprocal tariffs for most countries, reducing them to a 10% baseline, while raising tariffs on Chinese goods to 125%, effective immediately. The decision followed negotiations with over 75 nations interested in new trade terms, spurred by Trump’s initial tariff announcements last week.

• Monday, April 7th 2025 - 23:14 UTC

  Markets slump worldwide amid Trump’s tariff war and recession fears

  

  US stocks experienced significant volatility Monday amid a global trade war sparked by President Donald Trump’s tariffs. In addition, Washington threatened China to impose an additional 50% surcharge if Beijing does not retract its own 34% increase by Tuesday.

• Monday, April 7th 2025 - 10:57 UTC

  Trump’s 41% tariff on Falklands, “biggest threat since Argentine invasion”, Liberal Democrat leader

  

  The leader of UK’s Liberal Democrats, Ed Davey has called on the Prime Minister to meet with the Falklands Governor, after President Trump announced tariffs of 41% on exports from the Falkland Islands to the United States.

• Friday, April 4th 2025 - 09:47 UTC

  Milei says negotiations for zero tariffs with US under way

  

  Argentine President Javier Milei said during a Conservative event in Florida that his country was negotiating with Donald Trump's administration a zero-tariff deal on approximately 50 export products, aiming for a potential Free Trade Agreement (FTA) shortly. Milei's remarks came after the Republican leader slapped a 10% tariff on all Argentine goods as part of a broader protectionist policy.

• Friday, April 4th 2025 - 09:36 UTC

  Canada announces countermeasures to Trump's tariffs

  

  Canadian Prime Minister Mark Carney announced Thursday that his country would impose 25% tariffs on US-made automobiles in response to President Donald Trump’s 25% tariffs on Canadian autos as part of his “Liberation Day” measures.

• Thursday, March 27th 2025 - 16:50 UTC

  India and China no longer buying crude from Venezuela after Trump's threats

  

  The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.

• Tuesday, March 4th 2025 - 09:29 UTC

  Canada will retaliate if Trump moves on with tariffs

  

  Canada's Foreign Minister Mélanie Joly announced Monday that her country was ready for if or when US President Donald Trump decides to move on with the 25% tariffs currently on pause following a telephone understanding with acting Prime Minister Justin Trudeau.

• Saturday, August 3rd 2019 - 07:30 UTC

  China bows to fight back Trump's tariffs: “if they want to fight, then we will fight”

  

  China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10% tariffs on the remaining US$300 billion in Chinese imports, a move that ended a month-long trade truce.

• Saturday, July 21st 2018 - 08:29 UTC

  Trump prepared to slap tariffs con all Chinese goods imported to United States

  

  President Donald Trump has indicated that he is willing to slap tariffs on every Chinese goods imported to the U.S. should the need arise.“I'm ready to go to 500,” the president told CNBC's Joe Kernen in a “Squawk Box” interview aired Friday.

• Tuesday, July 17th 2018 - 08:46 UTC

  US launches five dispute actions in WTO challenging China, EU, Canada, Mexico and Turkey

  

  The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.