retaliates
New York CNN — US stocks skyrocketed higher Wednesday after President Donald Trump posted on social media that he authorized a 90-day pause on the “reciprocal” tariffs that went into effect at midnight, with the exception of China.
A whopping increase in tariffs, followed by a whopping retaliation. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as tensions between them have risen. […]
Trump’s higher tariff on Japan leaves Tokyo stunnedpublished at 11:20 British Summer Time 11:20 BST Shaimaa KhalilTokyo correspondent Image source, Reuters At the closing of trading today, Tokyo was stunned. Not just because it’s looking into billions of dollars in projected losses, and a rollercoaster market ride – but as the US’s key economic and […]
President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market. Naturally, they are looking for the next big thing. Statistically speaking, that would mean China. The E.U. has the second-largest consumer market in the world behind America; China is […]
China has struck back at President Trump. On Friday evening in Beijing, in a rapid-fire series of policy announcements including 34 percent across-the-board tariffs, China showed that it has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from around the world. […]
CNN — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world. […]
When President Trump threatened tariffs on Canada, Mexico and China in January, saying those countries needed to do more to stop the flow of drugs and migrants into the United States, Canadian and Mexican officials raced to Washington, bearing charts and videos detailing their efforts to toughen their borders. Canada created a “fentanyl czar” and […]
Europe, you’re next. That’s the latest message from President Trump, who has repeatedly said in recent days that he would slap punitive tariffs on the 27 members of the European Union. Tariffs “will definitely happen with the European Union,” Mr. Trump told the
DEVELOPING STORYDEVELOPING STORY, China will impose tariffs of 15 percent on imports of coal and LNG from the US in retaliation for Washington’s 10 percent levies on Chinese goods. China will impose tariffs of 15 percent on imports of coal and liquefied natural gas from the United States, in retaliation for Washington’s 10 percent levies […]