Page 26 - Us Tariffs

Top headlines: Govt may up factory working hours, wind energy loses steam

Fitch expects India's reforms to spur growth, US may slap tariffs on India for taxing internet firms like Google, and more top headlines of the day

US violated international trade rules with tariffs on China, says WTO

A panel of three WTO trade experts on Tuesday said the US broke international rules when it imposed tariffs on Chinese goods in 2018

LVMH drops $14.5 billion deal for Tiffany, cites US tariffs threat

Luxury goods giant LVMH is ending its takeover deal of luxury jewellery retailer Tiffany & Co., citing in part the threat of proposed U.S. tariffs on French goods. The Paris-based conglomerate said that it needs more time to assess the impact of the possible U.S. tariffs on French goods and cannot close the deal before year-end. The USD 14.5 billion deal was scheduled to close November 24. Tiffany replied that it's suing to enforce the merger agreement, which was signed in November 2019. The New York company said LVMH's argument has no basis in French law. Tiffany also said that LVMH hasn't even attempted to seek antitrust approval from three jurisdictions.

US curbs steel imports from Mexico, Brazil to boost domestic manufacturing

The U.S. Trade Representative's office said it was reducing Brazil's remaining 2020 quota for semi-finished steel imports into the United States to 60,000 metric tons from 350,000 tons

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 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

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

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

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'

US raises tariffs on European aircraft in ongoing dispute over subsidies

The higher aircraft tariff will take effect March 18

It is all about global risk mitigation

Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies

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

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

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

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

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

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