Page 26 - Us Tariffs

Trump's tariffs had little impact in 1st term, this time may be different

Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. There's going to be a lot more tariffs, I mean, he's pretty clear, said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25 per cent tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop ill

Mexico warns Trump tariffs may kill 400,000 US jobs, threatens retaliation

Mexican President Sheinbaum and US President-elect Trump spoke by phone later on Wednesday, with the two discussing topics at the top of Trump's agenda

Canada already examining tariffs on some US items after Trump's threat

Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official has said. Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25 per cent tax on all products entering the US from Canada and Mexico as one of his first executive orders. A Canadian government official said on Wednesday that Canada is preparing for every eventuality and has started thinking about what items to target with tariffs in retaliation. The official stressed no decision has been made. The person spoke on condition of anonymity as they were not authorized to speak publicly. When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of

Trump threatens tariff war on Canada, Mexico, China: Should India be wary?

President-elect Trump's tariff threats against Canada, Mexico, and China have unsettled global markets, raising questions about how these moves might impact India's trade and economic interests

Trump tests Xi Jinping's appetite to play ball with early tariff threat

Trump's gambit risks setting in motion a standoff between the world's two biggest economies following an election campaign that already brought fears over a new wave of protectionism

US Commerce Dept raises import tariff for Nippon Steel after review

The Commerce Department imposed a dumping margin of 29 per cent on Nippon Steel for selling hot-rolled steel in the US

China to retaliate if Donald Trump boosts tariff, says ex-PBOC official

Tariffs will affect the exchange rate, it will affect China's capital flow, and also will affect how much China will buy US Treasury bills, said Zhu

SAIL watching Chinese steel imports post US tariff hikes: Chairman

The state-run SAIL has continued to buy steelmaking coking coal from Russia at 75,000 tons per ship

US market share in apples, almonds, and walnuts plunged in five years

Similarly, the US-dominated as the source of shelled walnuts for India at 70% share in FY18 with Chile at a distant second with a 29.7% share

Google tax: US imposes tariffs on India, but with six-month delay

Following the consultation, the USTR has decided to impose a tariff of up to 25 per cent ad valorem on aggregate level of trade on a slew of Indian products

India likely to hold bilateral talks with US over retaliatory tariffs

Govt assessing potential impact of US decision to raise levies on 40 items

US imposes tariffs on French, German goods in Airbus-Boeing spat

The USTR did not say when the tariffs would take effect but noted that additional details would be "forthcoming."

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