Tag: Donald Trump

• Tuesday, July 3rd 2018 - 08:27 UTC

  EU/US auto industry dispute intensifies and prepares for worst case scenario

  

  European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some US$ 300 billion in U.S. goods amid signs of a brewing trade war.

• Monday, July 2nd 2018 - 08:31 UTC

  Leading world car makers urge US not to impose tariffs on auto imports

  

  BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”

• Monday, July 2nd 2018 - 08:25 UTC

  Saudi Arabia prepared to help with Trump's request “to pump more oil”, but gives no specifics

  

  President Donald Trump said over the weekend that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets.

• Monday, July 2nd 2018 - 08:17 UTC

  Canadian retaliatory tariffs of US$ 12.6bn on US goods became effective

  

  Canada began imposing tariffs Sunday on US$12.6 billion in U.S. goods as retaliation for the Trump administration's new taxes on steel and aluminum imported to the United States. Some U.S. products, mostly steel and iron, face 25% tariffs, the same penalty the United States slapped on imported steel at the end of May.

• Friday, June 29th 2018 - 09:13 UTC

  Beijing eases limits on foreign investment in banks, car industry and agriculture

  

  The Chinese government has eased rules that limit foreign investment in the country's banks, car industry and agriculture. The barriers have drawn criticism from trading partners, including the US. The Trump administration cited the rules as an example of unfair practices when it announced plans for tariffs on Chinese goods earlier this year.

• Thursday, June 28th 2018 - 11:13 UTC

  Trump gets another chance to reshape the ideological composition of the Supreme Court

  

  President Donald Trump will likely get to appoint a second judge to the Supreme Court, and his administration has already published a list of potential candidates for the bench. Trump told reporters Wednesday that his administration “will begin our search for a new justice of the United States Supreme Court that will begin immediately.”

• Wednesday, June 27th 2018 - 08:38 UTC

  Pence in Brazil exposes US government's double standard on fleeing migrants

  

  United States Vice-president Mike Pence thanked Brazil on Tuesday for welcoming Venezuelans fleeing their country’s collapse, while warning Central Americans running from violence in their homelands not to attempt to enter the United States illegally.

• Tuesday, June 26th 2018 - 09:03 UTC

  UK government under pressure to increase defense budget to 3% of GDP

  

  The British government must increase spending on the armed forces if Britain is to maintain its defense relationship with the United States, MPs have warned. The Commons Defense Committee said without further investment, UK forces would struggle to maintain “interoperability” with the US military, diminishing their usefulness as allies.

• Monday, June 25th 2018 - 08:13 UTC

  EU imposes retaliatory tariffs on US goods: bourbon, motorcycles, orange juice

  

  The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.

• Friday, June 22nd 2018 - 08:57 UTC

  US/China trade dispute: Beijing says US suffers of a “symptom of paranoid delusions”

  

  U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese state media said on Friday. China has stepped up its war of words with the United States since President Donald Trump threatened on Monday to hit US$ 200 billion of Chinese imports with 10% tariffs if China retaliates against his previous targeting of US$ 50 billion in imports.