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MercoPress, en Español

Montevideo, August 1st 2025 - 23:25 UTC

Tag: trade war

  • Monday, July 2nd 2018 - 08:31 UTC

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

    The Munich-based luxury automaker said its investment of US$ 9 billion in the Spartanburg, South Carolina, BMW plant, supports more than 120,000 U.S. jobs.

    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 - 08:17 UTC

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

    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.

    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.

  • Tuesday, June 26th 2018 - 08:16 UTC

    Brazilian soybeans expected to benefit from US-China trade war

    The latest estimate for the 2017-2018 Brazilian soybean crop is up to 119 million tons, compared to last year’s harvest of 114 million tons.

    The country that could indirectly benefit from the intensifying US-China trade war is Brazil, which finds itself in a strategic position to increase its market share of soybean exports to China.

  • Monday, June 25th 2018 - 08:13 UTC

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

    European Commission President Jean-Claude Juncker said duties imposed by the US on the EU go against “all logic and history”.

    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”

    The paper quoted research by the Rhodium Group saying that Chinese investment in the US declined 92% to US$ 1.8 billion in the first five months of the year

    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.

  • Monday, June 18th 2018 - 08:34 UTC

    China knows better as Trump tariff strategy trsicks US voters

    In this trade war, it's the US who is playing the role of provocateur, while China plays defense. This scenario was the result of a US trade deficit with China.

    Global Times Editorial

    The Trump administration announced tariffs on Chinese high-tech and industrial imports worth of US$50 billion. The first round, on imports totaling US$34 billion, will begin July 6, while the second round is still under review.

  • Monday, June 18th 2018 - 08:30 UTC

    China forced to fight back with reciprocal tariffs

    Presidents Trump and Xi, when all was peace and love

    The following editorial on the current US/China trade war was published by the official news agency Xinhua,

  • Friday, June 15th 2018 - 10:55 UTC

    Markets waiting for Trump's announcement on US$ 50bn tariffs against China

    It is not clear when Trump will activate the measures, rising Sino-U.S. trade tensions, and putting additional pressure on China’s economy

    Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the Euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting US$ 50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

  • Monday, June 4th 2018 - 08:57 UTC

    Trade deal falls warns China, if US insists with imposing more tariffs

    China’s warning came after U.S. Commerce Secretary Wilbur Ross and China’s top economic official, Vice Premier Liu He, wrapped up a meeting in Beijing

    China said on Sunday it wouldn’t step up its purchases of United States products if President Donald Trump goes ahead with his threat to tax billions of dollars’ worth of Chinese imports. White House advisers insisted on fundamental changes in ties between the world’s two biggest economic powers.

  • Saturday, May 26th 2018 - 09:29 UTC

    Protectionism the “darkest cloud” for the solid upswing of the global economy

    “The good news today is that the sun is shining on the global economy”, after a decade of difficult time, the economy that is doing well, Lagarde said

    The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.