Page 10 - Us Tariff
Trump threatens 100% tariff on Brics nations if they act to weaken dollar
President-elect Donald Trump on Saturday threatened 100 per cent tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the US dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America's dominance of the global financial system. The dollar represents roughly 58 per cent of the world's foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's
 "Trump threatens 100% tariff on Brics nations if they act to weaken dollar")
Mexican President Sheinbaum confident of averting tariff war with US
Mexican President Claudia Sheinbaum said Thursday she is confident that a tariff war with the United States can be averted. But her statement the day after she held a phone call with US President-elect Donald Trump did not make clear who had offered what. There will be no potential tariff war, Sheinbaum said flatly when asked about the issue at her daily morning news briefing. On Wednesday, Trump wrote that Sheinbaum had agreed to stop unauthorised migration across the border into the United States. She wrote on her social media accounts the same day that migrants and caravans are taken care of before they reach the border. But whether that constituted a promise, a pledge or a simple statement of reality remains unclear. In recent years, migrants who have been unable to obtain permission to cross Mexico have joined together in caravans to walk or hitchhike north toward the US border, seeking safety in numbers. In fact, apart from the first caravans in 2018 and 2019 which were .
 "Mexican President Sheinbaum confident of averting tariff war with US")
Nissan Oct production down globally except Mexico amid Trump tariff threat
Nissan's worldwide output for October decreased 6 per cent from the same month a year earlier to 290,848 vehicles
 "Nissan Oct production down globally except Mexico amid Trump tariff threat")
China urges US to 'immediately' lift all tariffs on Chinese-made goods
US is expected to make its final determination in the coming days after delaying a decision twice
 "China urges US to 'immediately' lift all tariffs on Chinese-made goods")
Indian steel mills fear surge in Chinese imports after US imposes tariffs
India is already under grave threat of import because all major steel consuming economies are shutting their doors on these steel producing countries, said Alok Sahay, secretary general at ISA
 "Indian steel mills fear surge in Chinese imports after US imposes tariffs")
China to take 'resolute measures' in response to US tariff hikes on imports
US President Joe Biden has directed his Trade Representative to increase tariffs on USD 18 billion of imports from China
China protests against new US tariffs, promises to protect its interests
China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing
 "China protests against new US tariffs, promises to protect its interests")
US makers of masks, gloves get lifeline from tariffs on Chinese products
Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments
USTR backs action against India's equalisation levy, finds it burdensome
Highlighting the discrimination part, the report said that of the companies that are subjected to India's equalisation levy, 72 per cent are American companies
 "USTR backs action against India's equalisation levy, finds it burdensome")
China will have to play by rules; US to rejoin WHO, says Joe Biden
Biden was responding to a question on about his remarks during the presidential debates that he wanted to punish China over the way Beijing has been behaving
 "China will have to play by rules; US to rejoin WHO, says Joe Biden")
India says it's no tariff king, US also charges higher duty on some items
The US charges high tariffs on several items such as tobacco at 350 per cent, peanuts at 163.8 per cent, footwear at 48 per cent, shoes at 32 per cent
 "India says it's no tariff king, US also charges higher duty on some items")
Why America is better off having trade deficit than imposing tariff
Trade deficits can be a problem when those deficits are due to government borrowing in countries with weak economic and political institutions
 "Why America is better off having trade deficit than imposing tariff")
Govt to impose tariffs on US' almonds, walnuts, apples from September 18
Trump administration wants to reduce its $31 billion deficit with India
 "Govt to impose tariffs on US' almonds, walnuts, apples from September 18")
India likely to delay raising tariffs on US goods: Trade ministry official
India's trade ministry is expected to shortly issue a notification that could delay the implementation of the new tariffs by 45 days
 "India likely to delay raising tariffs on US goods: Trade ministry official")
Despite no trade war vow, US imposes 25% tariffs on Chinese tech goods
The United States and China have been tied-up in a constant bilateral trade war
 "Despite no trade war vow, US imposes 25% tariffs on Chinese tech goods")
Trump to hold off steel tariffs for EU, six others: US trade envoy
Argentina, Australia, Brazil, South Korea, Canada, Mexico are the six countries
 "Trump to hold off steel tariffs for EU, six others: US trade envoy")
