Tag: Tariffs
China scraps trade talks with the US as tariff threats escalate
Earlier this week, China slapped import tariffs on $60 billion of US products in retaliation for US tariffs on $200 billion of Chinese goods that are set to go into effect on September 24. 85-95% of American exports to China now face tariffs.
‘There is an obsession by the president on trade about cars’: The French ambassador to the US says the auto sector is make-or-break for a ...
Gerard Arnaud, French ambassador to the United States, told reporters he is concerned about the possibility of a trade war between the US and Europe over the auto sector.
Soybeans plunge to near their lowest level in a decade
Soybean prices fell to a near decade-low on Tuesday after data pointed to a larger-than-expected harvest and as the Trump administration escalated trade tensions with the China, the largest destination for American exports of the legume.
These 14 states could see ‘extremely significant damage’ from Trump’s trade wars
The US Chamber of Commerce, a private lobbying group, said in a report that 14 states could suffer "extremely significant damage" after the latest round of tariffs.
China hits back at Trump with tariffs on $60 billion of US goods
The Chinese Ministry of Commerce said on Tuesday morning that it had "no choice" but to retaliate against the newly announced tariffs that will cover over half of all Chinese goods coming into the US.
Stocks tumble as markets brace for Trump’s next round of tariffs
Stocks fell Monday as markets braced for major escalations in the US-China trade war. The Nasdaq Composite dropped nearly 1.5%, with companies like Apple earlier warning tariffs could force them to raise costs. The dollar and Treasury yields slid.
Trump’s top economic adviser says announcements on more Chinese tariffs are ‘coming soon’
Top White House Economic Adviser Larry Kudlow said Monday that announcements regarding another round of tariffs on Chinese imports would likely be "coming soon," raising concerns for a major escalation in a trade battle between the world's two largest economies.
Trump doubles down on trade war with China and warns: ‘If countries will not make fair deals with us, they will be “Tariffed!”‘...
President Donald Trump tweeted Monday: "Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been almost unnoticeable."
Dozens of retailers testified about how Trump’s trade war with China could impact them – here’s what they said
Hundreds of company and industry representatives testified before trade officials in Washington last month about how the next round of duties could affect them. Here's what some individuals from the retail and distribution industries had to say.
Dozens of manufacturing companies testified about how Trump’s trade war with China could affect them — here’s what they said
Hundreds of company and industry representatives testified before trade officials in Washington last month about how Trump's proposed tariffs on roughly $200 billion worth of imports could affect them. Many witnesses came from the manufacturing industry — here's what some of them had to say.