Page 25 - Us Tariffs
To increase trans-Atlantic market access US, EU announce tariff agreement
As part of the agreement, the US will reduce by 50 percent its tariff rates on certain products exported by the EU
US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%
The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.
 "US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%")
US says it will probe India, other countries for digital services taxes
Other countries against whom the investigations might be initiated include Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey and the United Kingdom
 "US says it will probe India, other countries for digital services taxes")
Tariff on China for mishandling virus outbreak 'certainly an option': Trump
US President Donald Trump said China 'mishandled the situation" after the coronavirus outbreak in its Wuhan city, but refrained from giving a definitive answer on retaliatory measures
 "Tariff on China for mishandling virus outbreak 'certainly an option': Trump")
Covid-19: Trump approves 90-day delay of tariffs for most-favoured nations
The plan would not apply to tariffs on Chinese and European goods subject to Section 301 tariffs or to steel and aluminum subject to Section 232 tariffs
 "Covid-19: Trump approves 90-day delay of tariffs for most-favoured nations")
Airbus says higher tariffs on EU planes will harm US airlines, consumers
The European planemaker said it would continue discussions with its US customers to 'mitigate effects of tariffs insofar as possible'
 "Airbus says higher tariffs on EU planes will harm US airlines, consumers")
US raises tariffs on European aircraft in ongoing dispute over subsidies
The higher aircraft tariff will take effect March 18
 "US raises tariffs on European aircraft in ongoing dispute over subsidies")
It is all about global risk mitigation
Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies
 "It is all about global risk mitigation")
China presses US to drop tariffs on $360 bn of imports before trade deal
Chinese officials also suggested the US could temporarily waive some tariffs, people familiar with Beijing's position said
 "China presses US to drop tariffs on $360 bn of imports before trade deal")
US imposes tariffs on EU goods worth $7.5 bn; targets Airbus, wine, whisky
Wine from France, Spain and Germany will now face 25 percent tariffs
WTO approves US tariffs on $7.5 bn of EU goods in Airbus retaliation
The case began in 2004, when Washington accused Britain, France, Germany and Spain of providing illegal subsidies and grants to support the production of a range of Airbus products
 "WTO approves US tariffs on $7.5 bn of EU goods in Airbus retaliation")
You tax our wine, we'll hit back, says EU's Tusk on new US tariffs
Group of Seven leaders are meeting in Biarritz, France, Saturday amid mounting tensions over trade, climate and threats to the global economy
 "You tax our wine, we'll hit back, says EU's Tusk on new US tariffs")
Donald Trump orders firms out of China as Beijing sets new duties
China on Friday said it would impose retaliatory tariffs on $75 billion of US goods, targeting crude oil for the first time and renewing punitive duties on American-made autos
 "Donald Trump orders firms out of China as Beijing sets new duties")
S&P reaffirms B+ rating for Tata Motors, keeps outlook 'negative'
Ratings agency S&P has reaffirmed Tata Motors' long-term issuer and issue credit ratings to be 'vulnerable to nonpayment' while keeping the outlook negative. S&P Global Ratings said it has reaffirmed 'B+' on Tata Motors' long-term issuer and issue credit ratings while keeping negative outlook due to high cash burn at its British arm Jaguar Land Rover, geopolitical risks such as Brexit and the US tariffs, and India's automotive market slowdown. The ratings agency has also removed the company from CreditWatch stating geopolitical risks could take longer than expected to play out. "We expect Tata Motors' cash flow to stay negative at least for the next 12-24 months until global automotive demand recovers, the company's Chinese operations stabilise, and the expected cost cutting restores its financial health," S&P said in a statement. Tata Motors' first-quarter fiscal 2020 performance remained weak, despite expectations of a recovery over the next 12-24 months, it added. "In
 "S&P reaffirms B+ rating for Tata Motors, keeps outlook 'negative'")
Dell, HP, Microsoft & Intel oppose proposed tariffs on laptops, tablets
Implementing the proposed tariffs would increase US prices for laptops and tablets by at least 19 per cent, or around $120 for the average retail price of a laptop
India again postpones retaliatory tariff deadline on US products to June 16
These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on steel and aluminium products
 "India again postpones retaliatory tariff deadline on US products to June 16")
India may again extend retaliatory tariff deadline on US products: Report
The last extension on products like almond, walnut, and pulses will end on May 16.
 "India may again extend retaliatory tariff deadline on US products: Report")
India extends deadline to impose retaliatory tariffs on 29 US products
The implementation of increased customs duty on specified imports from US has has been postponed from March 2 to April 1
 "India extends deadline to impose retaliatory tariffs on 29 US products")
Hit by retaliations, US knocks WTO doors to resolve metals tariff issue
Canada, Mexico and China had also planned to ask for a WTO panel examining those tariffs
Automakers warn US tariffs will hurt industry, consumers alike, cost jobs
A coalition representing major foreign automakers said the tariffs would harm automakers and US consumers
 "Automakers warn US tariffs will hurt industry, consumers alike, cost jobs")