Tariff – Page 7

Trump keeps 10% baseline tariff, eases auto and metal duties in trade deal with UK

US president Donald Trump on Thursday confirmed a trade framework with the United Kingdom that reduces tariffs on autos and metals while keeping the baseline 10% tariff as it is. The announcement followed a phone call with UK prime minister Keir Starmer. Under the plan, US tariffs on British cars will drop from 27.5% to […]

Shekhar Kapur slams Donald Trump’s announcement of 100% tariff on foreign films: “Over 75% of box office of Hollywood films come from outside the US” 100 : Bollywood News

US President Donald Trump announced a 100 percent tariff on foreign-produced films in an effort to revive the US film industry. Filmmaker Shekhar Kapur reacted to the decision, suggesting that it could “encourage Hollywood to move outside the US.” Shekhar Kapur slams Donald Trump’s announcement of 100% tariff on foreign films: “Over 75% of box […]

How the End of a U.S. Tax Loophole Hurts Chinese Companies

A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Meaghan Tobin, a correspondent for The New York Times covering business in Asia, explains. Source link

US reaching out to China for tariff talks: Beijing state media | World News

BEIJING: United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 […]

Donald Trump downplays China tariff impact, says US kids may get ‘2 dolls instead of 30’

US President Donald Trump (Pic credit: AP) US President Donald Trump on Wednesday said that his tariff strategy might result in fewer and costlier products for American consumers, but the economic pain would hit China harder.Speaking to his Cabinet amid fresh signs of economic slowdown, Trump downplayed concerns that the US economy is heading toward […]

‘Meet in future’: Donald Trump congratulates Mark Carney on Canada election win amid tariff tussle

Amid tussle between the two countries, US President Donald Trump on Tuesday congratulated Mark Carney on victory in the Canadian national elections.The Canadian Prime Minister’s Office in a statement said that the two leaders also “agreed to meet in person in the near future.”“Today, the Prime Minister, Mark Carney, spoke with the President of the […]

President Trump floats new tax cut to ease bite of tariffs

President Trump suggested Sunday his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda. Trump has previously argued tariff revenue could replace income taxes, though economists have questioned those claims. “When tariffs cut in, many people’s income taxes will be […]

China says no tariff talks with US, even as Trump insists otherwise

China has insisted it is not holding trade negotiations with the United States, despite President Donald Trump’s claim that he had received a call from Chinese leader Xi Jinping. In an interview with Time magazine published Friday, Trump did not specify when the alleged conversation occurred or what was discussed, simply saying, “He’s called. And […]

Wall Street Journal says China called Trump’s bluff, wins this round of tariff war but the good news is…

‘Trump chickened out’ trending on Chinese social media as China says no tariff negotiation going on with the US

Wall Street Journal says China has won this round of the trade war as President Trump blinked first. The US-China trade war took a new turn with China on Thursday denying what President Donald Trump has been claiming over the past few days — that trade talks are going on actively with all countries, including […]