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.
Add your comment!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.
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.
Uruguayan President Yamandú Orsi Thursday underscored the importance of dialogue with the United States after the tariffs announced Wednesday by Donald Trump. The Broad Front (Frente Amplio - FA) leader noted that countries such as Mexico and Canada were exempted from those surcharges, which meant there was room for negotiations.
Treasury Secretary Janet Yellen said on Thursday that US will keep tariffs imposed on Chinese goods by the Trump administration in place for now, but will evaluate how to proceed after a thorough review.
Brazilian President Jair Bolsonaro said on Friday that US President Donald Trump told him in a phone conversation that his administration will not levy new tariffs on Brazilian steel and aluminum as threatened earlier this month.
United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskeys and cheese from across the continent as punishment for illegal EU aircraft subsidies.
United States president Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
Mexico's president has insisted his government will not be provoked after President Donald Trump announced escalating tariffs on all goods unless Mexico curbed illegal migration. Andrés Manuel López Obrador described Mr Trump's slogan “America First” as a fallacy and said universal justice was more important than borders.
President Donald Trump said on Thursday the United States will impose a 5% tariff on all goods coming from Mexico starting on Jun 10 until illegal immigration across the southern border is stopped.