Tag: Tariffs

Trump Announces 55% Tariff on Chinese Goods as Part of Pending Trade Deal
The new trade deal will give the U.S. access to Chinese rare earths. On Wednesday, President Donald Trump announced that the United States will impose a 55% tariff on Chinese products, while China will maintain a 10% tariff on U.S. goods. These measures are part of a new trade agreement, which is still pending final […]
June 11, 2025

U.S. Companies Blame Mercurial Trade Policies for Blurring Future Business Outlook
For months, President Trump has been announcing one large tariff increase after another. The Wall Street Journal reported that U.S. businesses are warning that the constantly shifting trade policies of the U.S. government are interfering with their ability to plan for the future, leading to hiring and investment freezes. RELATED: Elon Musk demands Trump impeachment […]
June 9, 2025

Trump’s Tariff Hikes Deal Blow to EU Metals Industry
European producers have warned that high tariffs will exacerbate existing economic pressures. U.S. President Donald Trump’s decision to raise tariffs on steel and aluminum imports to 50 percent took effect on Wednesday, escalating a trade dispute that threatens to further weaken the EU’s metals sector and disrupt downstream manufacturing across the bloc. RELATED: Mexico Calls […]
June 6, 2025

Negotiations With EU on Reciprocal Tariff Advancing Quickly: Greer
However, Trump’s decision to raise tariffs on steel and aluminum risks undermining recent progress. On Wednesday, U.S. Trade Representative Jamieson Greer said that the negotiations between his country and the European Union (EU) on a settlement of a tense tariff spat were “advancing quickly.” RELATED: Federal Court Temporarily Reinstates Trump’s Tariffs: A Blow to U.S. […]
June 5, 2025

Mexico Calls U.S. Tariff Hike on Steel and Aluminum Legally Baseless
Nevertheless, the Sheinbaum administration would seek to reach an agreement with Washington on the issue. On Wednesday, Mexican President Claudia Sheinbaum called the increase in U.S. tariffs on steel and aluminum from 25% to 50% an unjust measure that lacks legal basis. She said her government would seek to reach an agreement with Washington on […]
June 4, 2025

Trump Doubles Steel and Aluminum Tariffs to 50 Pct
Higher tariffs on steel and aluminum would address national security threats, the U.S. president said. Starting from Wednesday, the United States started to raise tariffs on imported steel and aluminum from 25 percent to 50 percent, according to an executive order signed by U.S. President Donald Trump. RELATED: Six Nobel Laureates Urge Senate to Reject […]
June 4, 2025

Trump Accuses China of Violating Trade Agreement
His new statements add further uncertainty to the trade dialogue process between Beijing and Washington. On Friday, President Donald Trump accused China of violating the trade agreement it reached with the United States to reduce the high tariffs imposed by Washington — a deal that, according to the president, had saved Beijing “from a very […]
May 30, 2025

Trump to Request Emergency Supreme Court Action to Protect His Tariff Policy
The blockade of the implementation of the ‘Liberation Day’ tariffs is a major setback in the MAGA economic agenda. On Friday, the U.S. government will request an emergency measure from the Supreme Court to prevent “irreparable harm to national security and the economy” caused by the blocking of President Donald Trump’s tariff policy. RELATED: Trump […]
May 29, 2025

U.S. Businesses Race to Restock as China Tariff Cut Offers 90-Day Lifeline
The tariff relief came as companies finalize orders for the winter holiday season, making the timing critical for keeping shelves stocked. American retailers and manufacturers rushed to place orders with Chinese suppliers after the United States and China announced a temporary rollback of reciprocal tariffs, creating a 90-day window to rebuild depleted inventories. RELATED: US […]
May 16, 2025

India and Japan Notify WTO of Possible Retaliation Against U.S. Tariffs
Trump raised tariffs on aluminum to 25% and ended duty-free quotas, exemptions and exclusions for steel and aluminum tariffs. India and Japan have recently notified the World Trade Organization (WTO) of potential retaliatory measures in response to U.S. tariffs on steel and aluminum. The European Union(EU) and Britain had submitted similar notifications to the WTO […]