Tag: Tariffs

• Monday, April 21st 2025 - 10:27 UTC

  Boeing aircraft bound for Chinese carrier returned to manufacturer

  

  A brand-new Boeing 737 MAX intended for China's Xiamen Airlines was returned to the aircraft manufacturer due to escalating trade tensions driven by US President Donald Trump's tariff war. Trump raised tariffs on Chinese imports to 145%, prompting China to impose 125% tariffs on U.S. goods, making delivery of these aircraft financially unviable for Chinese airlines.

• Tuesday, April 15th 2025 - 10:59 UTC

  Milei's Argentina closes ranks with Trump's US

  

  Argentine President Javier Milei met with US Treasury Secretary Scott Bessent at Casa Rosada to discuss strengthening bilateral ties, focusing on a potential trade agreement aligned with US President Donald Trump’s reciprocal tariffs proposal.

• Saturday, April 12th 2025 - 10:50 UTC

  Mercosur FMs agree to expand exceptions to CETs

  

  Southern Common Market (Mercosur) foreign ministers meeting in Buenos Aires on Friday agreed to temporarily expand the National List of Exceptions to the Common External Tariff by up to 50 codes per member state in response to global trade tensions, following US President Donald Trump's barrage of import surcharges.

• Wednesday, April 9th 2025 - 10:57 UTC

  Trump ups tariffs on Chinese products to 104%

  

  US President Donald Trump has escalated the trade war with China by imposing a 104% tariff on all imports from that country, effective immediately, the White House announced Tuesday. This follows China’s retaliatory 34% tariff on US goods to take effect on Thursday.

• Monday, April 7th 2025 - 10:12 UTC

  Early dawn stock markets show significant declines

  

  Australia's and most Asian stock markets experienced significant declines early Monday amid the global tariff war triggered by U.S. President Donald Trump. The Hang Seng Index in Hong Kong dropped 9.1% to 20,778.10, with a peak intraday fall of 10.2%, marking its worst day in over a year. Across the Asia-Pacific, 11 of 14 equity markets hit 52-week lows. In mainland China, the CSI 300 Index fell by 7.6%, while the Shanghai and Shenzhen Composite Indexes dropped by 7.4% and 9.8%, respectively. Japan’s Topix and Nikkei indexes also slumped, by 9.6% and 6.5%, respectively.

• Saturday, April 5th 2025 - 10:09 UTC

  Trump's measures make dollar rise in Brazil

  

  The quotation between the Brazilian real and the US dollar rose Friday to US$ 1 / R$ 5.83 after China announced retaliatory 34% surcharges against US President Donald Trump's tariffs, which fueled fears of a global recession, triggering turbulence in financial markets.

• Thursday, March 6th 2025 - 21:14 UTC

  Trump postpones tariffs on Mexican items at least until April 2

  

  US President Donald Trump announced a temporary exemption from new 25% tariffs for goods from Mexico covered under the 2020 United States-Mexico-Canada Agreement (USMCA). The Republican leader adopted the measure following a telephone conversation with Mexican President Claudia Sheinbaum. The exemption, effective until at least April 2, reverses tariffs imposed earlier this week, aimed at addressing fentanyl trafficking and trade imbalances.

• Wednesday, March 5th 2025 - 10:38 UTC

  Trump's tariffs become effective, but new compromise expected

  

  The United States implemented tariffs on imports from Mexico, Canada, and China, triggering responses from these nations and causing a market meltdown. The tariffs include a 25% levy on imports from Mexico and Canada and an increase from 10% to 20% on goods from China. The move seeking to address fentanyl trafficking and border security has failed to meet expectations.

• Tuesday, May 31st 2022 - 10:52 UTC

  Elimination of a “Brazil cost” item represents a further 1,5 percentage point reduction in tariffs

  

  The Brazilian government is drafting a presidential decree to change tax revenue mechanisms, which the economic team argues it will lead to a 1.5 percentage point reduction in the rates levied on all imported products. This is part of president Bolsonaro's administration policy of (gradually) opening the Brazilian economy to foreign competition.

• Saturday, October 9th 2021 - 09:55 UTC

  Agreement reached between Argentina, Brazil to cut down common external tariffs by 10%

  

  The Governments of Argentina and Brazil Friday agreed to cut down the common external tariffs (CET) by 10% “in a very wide universe of products” after months of tensions among members of Mercosur on the issue.