Businesses and households are feeling the pinch as prices rise and confidence falls. On Saturday, Apollo Global Management, one of the world’s largest investment firms, released a report showing that the United States is facing a self-inflicted economic downturn because of new import tariffs, especially for goods from China. RELATED: China Demands Respect and Equal […]

The new U.S. tariffs on Chinese ships aim to curb China’s industrial leadership, but experts warn they will only raise consumer prices and worsen the global trade crisis. Related: Trump’s Trade War to Unleash Tariffs of Up to 245% Against China Washington Escalates Its Trade War Against China With New Tariffs on the Shipbuilding Industry […]

He also ordered an analysis on the ‘National Security Risks’ posed by U.S. dependence on foreign goods. On Wednesday, the White House released an informational memo stating that China could face tariffs of up to 245% due to its retaliatory actions in the trade war initiated by U.S. President Donald Trump. RELATED: California Farmers Hammered […]

Brazil activates its Economic Reciprocity Law to counter US tariffs, allowing suspension of trade concessions. Learn how this impacts bilateral relations and key export sectors. Related: US Tariffs Force Mexico to Look for Other Markets Brazil has taken a significant step in its trade policy by officially enacting its “Economic Reciprocity Law”—a direct response to […]

Concerns among the U.S. public about soaring prices and the looming threat of recession have deepened. The U.S. government quietly released information on an official platform over the weekend, granting exemptions from the so-called “reciprocal tariffs” for electronic products such as smartphones, computers and chips. RELATED: How Trump’s Tariffs Could Wreak Havoc on North America’s […]

According to the notice issued by the United States Customs and Border Protection Agency (CBP), the Donald Trump administration decided to exempt mobile phones, processors, hard drives, computers and chips from the “reciprocal tariffs” imposed by the White House. RELATED: China Raises Tariffs on U.S. Goods to 125% The new CBP guideline for collecting import […]

Meanwhile, President Xi activates his economic diplomacy in Europe and Asia. On Friday, China raised tariffs on all U.S. goods from 84% to 125% and warned that it would ignore any future duties imposed by Washington, arguing they no longer have any economic effect. RELATED: The EU and China To Hold a Summit in July […]

In October 2024, tariffs of up to 35.3% on electric vehicle imports from China came into effect in the European Union. The European Commission (EC) and China will continue “dialoguing” to reach minimum price commitments on Chinese electric vehicles imported by the European Union (EU) as an “alternative” to the tariffs imposed by the bloc […]

FM Champagne said his country would continue to respond forcefully to all unwarranted and unreasonable U.S. tariffs. On Tuesday, Canadian Finance Minister François-Philippe Champagne confirmed that Canada’s new countermeasures announced last week in response to the U.S. tariffs on the Canadian auto industry will come into force at 12:01 a.m. EDT on Wednesday, April 9. […]

A vote on the first set of retaliatory measures is scheduled for April 9, with implementation expected on April 15. On Monday, the European Union (EU) proposed a 25 percent tariff on select U.S. products in response to President Donald Trump’s recent decision to impose duties on European steel and aluminum. Part of the retaliatory […]