Page 2 - Trade Tariffs

Trump's tariffs have unleashed worst of all possible worlds for his voters

Trump, speaking on Air Force One on Thursday afternoon, said he was open to reducing tariffs if trading partners were able to offer something "phenomenal"

Trump tariffs wipe out $2.5 trn from US stock market amid recession fears

The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation

How Donald Trump's tariffs were honed in the final hours before rollout

For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapable

Global leaders vow countermeasures as Trump imposes 'reciprocal tariffs'

Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump's prior 25 per cent fentanyl-related duties remain in place on their goods

US Liberation Day tariffs Highlights: Tariffs may impact agri, machinery, pharma, say experts

US Liberation Day Tariffs Announcements LIVE: Catch all updates related to US President Donald Trump's trade tariffs here

US firms join Donald Trump's tariff salvo on India, appeal to USTR

Appeal to USTR before reciprocal tariffs kick in from April 2

China prepared for bigger shocks as fresh tariffs from Trump approach

Countries should open up markets in the face of growing economic fragmentation, Li told a gathering of global business leaders

Countermeasures to Trump's tariffs will go into effect on April 1, says EU

The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1. As the US are applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros (USD 28 billion), European Commission President Ursula von der Leyen said in a statement. The commission manages trade and commercial conflicts on behalf of the 27 member countries. We will always remain open to negotiation. We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs, von der Leyen said. The commission also said that steel and aluminum products would be hit in return, but also textiles, leather goods, home appliances, house tools plastics and wood. Agricultural products will also be impacted including

Oppn moves adjournment motions on voter discrepancies, tariff reductions

Tagore raised concerns about the integrity of the electoral process, especially in states like Maharashtra and Haryana, where irregularities in the voter rolls have triggered alarm

China imposes retaliatory tariffs on import of Canadian farm, food products

China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products. The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products. The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico. The duties come in retaliation for Ottawa imposing tariffs against Chinese imports in October, including a 100% surtax on all Chinese-made EVs and 25% on steel and aluminum imports. Despite China's repeated opposition and dissuasion, Canada has taken unilateral restrictive measures on electric vehicles, steel, aluminum and other products imported from China without investigation, ...

US-Canada tariff history: The 2018 trade dispute, retaliation, and fallout

From a steel standoff in 2018 to a lumber feud spanning decades, here's how US-Canada tariff battles have shaped trade relations over the years

Trump asks farmers to sell in US as he proceeds with Canada, Mexico tariffs

US President Donald Trump's post comes a day before 25 per cent tariffs on Canadian and Mexican goods come into effect

President Trump unveils trade policy with reciprocal tariffs for fairness

Trump emphasised that this approach would address unfair trade practices, including non-monetary barriers, subsidies, and VAT systems

Trump readies tariffs on trade partners, setting up major economic showdown

President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order this week that would require that US tariffs on imports match the tax rates charged by other countries. It's time to be reciprocal, Trump told reporters earlier this week. You'll be hearing that word a lot. Reciprocal. If they charge us, we charge them. The president had suggested that the order would come on Tuesday or Wednesday. But when Tuesday passed without the tariffs being officially announced, Trump was not specific on his timing, telling reporters Wednesday afternoon: I may do it later on, or I may do it tomorrow morning. White House press secretary Karoline Leavitt said she believes that the tariffs would come before Thursday's visit by Indian Prime Minister Narendra Modi. As Trump has unleashed a series of tariffs after being in power for less than a month, he has fully taken ownership of the path of the US economy. It's a bet that his economic ideas can ...

Iran loosens import curbs on cars, iPhones in bid to mask its economic woes

All architecture student Amirhossein Azizi wanted for his 19th birthday was the latest iPhone and for Iran's cash-strapped theocracy, it was just the gift they needed as well. Just buying a top-of-the-line iPhone 16 Pro Max in Iran's capital cost him on the day 1.6 billion rials ($1,880). An additional 450 million rials ($530) is required for import fees and registration on government-managed mobile phone networks. I'm very happy to own one of the most expensive phones in the country," Azizi said. His father, Mohammad, laughed nearby and added: Maybe if they had to earn the money themselves, they wouldn't be so quick to spend it. The purchase is only possible after Iran lifted import bans on expensive goods like foreign cars and new iPhones, yielding to public demand for the products while also trying to mask the dire straits of its economy. While being described as a way to boost Iran's much-vaunted resistance economy," the decisions trapped Iranians into buying more affordable .

PM Modi to meet Trump with planned tariff cuts to avoid risk of trade-war

Modi's trip to the US on February 12 and 13 comes as Trump plans to announce reciprocal tariffs on many countries, a move aimed at reshaping global trade relationships in favour of United States

China denounces US tariffs, says they are open for talks to avoid conflict

Beijing's Commerce and Finance ministries said China will challenge the decision before the World Trade Organization and take unspecified "countermeasures"

India, China have most tariffs, no inflation: US commerce secy nominee

Two countries India and China have the most tariffs but no inflation, an American businessman nominated by US President Donald Trump to be his commerce secretary told lawmakers on Thursday, making a point that there is no relationship between tariffs and inflation. The two top countries with tariffs, India and China, have the most tariffs and no inflation, it is just nonsense that tariffs cause inflation. It is nonsense, Howard William Lutnick, former head of Cantor Fitzgerald, told members of the Senate Commerce, Science, and Transportation Committee during his confirmation hearing. He assured senators that the economy of the United States of America will be much, much better. A particular product's price may go up, but all of them, this is not inflationary, he asserted. Responding to questions, Lutnick said the United States is treated horribly by the global trading environment. They all have higher tariffs, non-tariff trade barriers and subsidies. They treat us poorly. We need

Trump vows tariffs on nations that 'harm' US; names India, China, Brazil

The United States will impose tariffs on the countries that "harm" America, President Donald Trump has said, as he named China, India and Brazil as high-tariff countries. We're going to put tariffs on outside countries and outside people that really mean harm to us. Well, they mean us harm, but they basically want to make their country good, Trump told House Republicans at a Florida retreat on Monday, the first after he became the president for the second term last week. Look at what others do. China is a tremendous tariff maker, and India and Brazil and so many other countries. So we're not going to let that happen any longer because we're going to put America first, he said. He said that the US will establish a "very fair system where money is going to come into our coffers and America is going to be very rich again", adding that it will happen "very quickly". Trump underscored that it was time for the US to return to the system that made it "richer and more powerful than ever ..

Canada prepares tariffs on $105 billion of US products if Trump hits first

Canada imported C$487 billion worth of US goods in 12 months to November, so retaliatory tariffs would cover nearly a third of the value of products it buys from its southern neighbour