French finance minister Eric Lombard said Europe must shore up its tariff barriers to counter Chinese imports that risk harming the continent’s industrial economy. Europe has already taken action on steel and automobiles, but rules must be changed to allow the wider use of measures against imports from China, Lombard said. “In the world we […]
WASHINGTON: US President Donald Trump on Saturday said his administration is immediately sending letters to the first batch of 10 to 12 countries, sharing details of reciprocal tariff rates and the entire process could be completed by July 9.“We are going to start sending letters out to various countries starting tomorrow,” Trump told reporters at […]
Donald Trump (left), Ursula von der Leyen (AP) The European Union is considering a temporary trade agreement with the United States that would maintain a 10 percent tariff on most exports, according to a briefing by the European Commission to EU ambassadors on Friday, reported news portal Politico.The update came after a key round of […]
Washington: US President Donald Trump said he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States. “I don’t think […]
New York Times reporter Ana Swanson reports from the Los Angeles Port, the largest port in the Western Hemisphere as well as the place that first saw the signs of Trump’s tariff war. The Port of Los Angeles is significant because of our trade relationship with China in particular, which is why The Trump administration’s […]
US President Donald Trump on Wednesday said he’s open to extending the July 8 deadline for trade talks before higher tariffs kick in, but added that an extension probably won’t be “a necessity.“Speaking to reporters ahead of a performance at the Kennedy Center Trump said, “We’re rocking in terms of deals. We’re dealing with quite […]
US President Donald Trump with China’s counterpart Xi Jinping (File Image) US President Donald Trump and China’s counterpart Xi Jinping are likely to speak this week, White House press secretary Karoline Leavitt said on Monday, following the tension that flared between the two economic powerhouses over breaching tariff and trade restriction agreements.Responding to the reporter’s […]
US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday announced a delay in implementing a proposed 50 per cent tariff on goods from the European Union, pushing the deadline from June 1 to July 9 in a bid to give trade negotiations with the bloc more time.The decision followed a phone […]
TAIPEI: The Taiwanese president said Tuesday that trade tensions between the United States and Taiwan are just “frictions between friends” in a show of optimism as tariff negotiations are underway with Washington. US President Donald Trump imposed 32% tariffs on all imports from Taiwan as part of sweeping duties levied against all US trading partners […]
Even as the United States and China take steps to rein in their trade war, Beijing is preparing for broader rivalry with Washington to continue. For China, that means its search for economic and diplomatic opportunities across Asia is unlikely to soften its tough line on its regional territorial claims and military competition. Both sides […]
