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Tariff War
Global Tariff War
Trump Tariffs to Fall $1trn Short of Projections.
A new estimate from the Congressional Budget Office (CBO) has revealed that President Donald Trump’s aggressive tariff program will reduce the national deficit by $3 trillion over the next decade, which is $1 trillion less than previously…
Adidas Bets Big on U.S. Despite Tariff Blow
Adidas is pushing ahead with an aggressive growth strategy in the United States, even as newly imposed U.S. tariffs linked to President Donald Trump’s trade policies weigh on the company’s finances.
During a briefing with analysts on…
Trump Terminates Trade Negotiations with Canada Over TV Ads
President Donald Trump announced on social media late Thursday that he was halting all trade negotiations with Canada, citing recent television ads criticising U.S. tariffs, describing them as "egregious behaviour" intended to sway U.S.…
Deepening U.S-China Trade Dispute Worries Okonjo-Iweala
Okonjo-Iweala told Reuters at the weekend that the WTO fears that escalating tensions between the world’s two largest economies could reduce global economic output by as much as 7 per cent in the long term if the current disputes continue.…
Trump Says High Tariffs on China ‘Not Sustainable’ Ahead of Xi Meeting
U.S. President Donald Trump has acknowledged that the steep tariffs his administration has threatened to impose on Chinese imports are “not sustainable,” as trade tensions between Washington and Beijing escalate ahead of a…
Vance Warns China as US Signals Stronger Position in Escalating Trade Row
United States Vice President JD Vance has called on China to “choose the path of reason” amid rising tensions in the latest trade confrontation between Washington and Beijing, insisting that President Donald Trump’s administration holds…
China to Impose Port Fees on US Ships in Retaliatory Action
China has announced it will begin charging port fees on American vessels docking at its ports, in response to similar measures introduced by the United States.
The Ministry of Transport said in a statement on Friday that starting October…
Trump Imposing New 25% Large Truck Tariff Starting Nov. 1
President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting November 1.
Last month, Trump had said heavy truck imports would face new duties on Oct. 1 on…
Trump Announces 100% Tariff Threat On Movies Made Outside US
US President Donald Trump on Monday renewed his threat of imposing steep tariffs on films made outside the United States, claiming his country’s industry has been “stolen” by others.
Trump’s remarks come shortly after he threatened a…
“US Tariffs Put Further Strain on China Inc.’s Narrow Margins”
Chinese firms are mostly less profitable than comparable US companies, leaving exporters at risk of a further hit to earnings as President Donald Trump’s tariffs sap demand.
While Chinese companies can defend their “razor-thin margins by…