This is Beirut - Tariffs

Brazil Lifts Tariffs on Lebanese Olive Oil, Opening Door to Export Boost

This is Beirut, 17/05 20:55 - Reading : less than a minute

Brazil has officially scrapped import tariffs on Lebanese olive oil, a move expected to boost the Lebanese exports and enhance the product's competitiveness in a key international market. In a statement released on Saturday, Lebanon’s Ministry of Agriculture announced that Brazilian authorities have decided to eliminate the 9% customs duty ...

China, US Slash Sweeping Tariffs in Trade War Climbdown

This is Beirut, 14/05 18:55 - Reading : 4 minute(s)

United States China Tariffs Trade

The United States and China slashed sweeping tariffs on each other's goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains. Washington and Beijing agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in ...

US, China Agree to Establish 'Consultation Mechanism' on Trade

This is Beirut, 11/05 23:00 - Reading : less than a minute

USA Washington China Trade Tariffs

Chinese Vice Premier He Lifeng said Sunday that Beijing and Washington had agreed during weekend talks in Geneva to create a "consultation mechanism", as they strive to de-escalate trade tensions. Speaking to reporters in Geneva, He said that the closed-door discussions with US Treasury Secretary Scott Bessent and Trade Representative Jamieson ...

US Treasury Chief Declares 'Substantive Progress' in China Trade Talks

This is Beirut, 11/05 19:29 - Reading : 4 minute(s)

United States China Tariffs Donald Trump

US officials voiced optimism on Sunday, at the end of a weekend of trade talks with China aimed at de-escalating trade tensions sparked by President Donald Trump's aggressive tariff rollout. "We’ve made substantial progress," US Treasury Secretary Scott Bessent told reporters after the talks with Chinese Vice Premier He Lifeng, while Trade ...

US and China Meet in 'Important Step' Towards De-escalating Trade War

This is Beirut, 10/05 18:53 - Reading : 4 minute(s)

United States China Trade Tariffs Donald Trump

Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as an "important step" towards resolving the trade war sparked by President Donald Trump's sweeping tariffs. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were holding talks with Chinese Vice Premier ...

Where Things Stand in the US-China Trade War

This is Beirut, 09/05 12:55 - Reading : 4 minute(s)

United States China Tariffs Trade

US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a grueling tit-for-tat tariff war that threatens hundreds of billions in trade and roils global markets and supply chains. AFP looks at how the trade row between the world's two economic superpowers is playing out. What Steps Have the Two Sides ...

Brussels Warns Trump: Tariffs on US Cars, Planes if No Deal Reached

This is Beirut, 08/05 16:20 - Reading : 3 minute(s)

European Union Donald Trump United States Tariffs

The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war. The European Commission said it would, in parallel, file a complaint with the World Trade Organization (WTO) over Trump's imposition of swingeing ...

Ford Sees $1.5 Bn Tariff Hit This Year, Suspends 2025 Forecast

This is Beirut, 06/05 05:15 - Reading : 3 minute(s)

Ford United States Economy Tariffs

Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. The carmaker estimated a full-year net hit of about $1.5 billion in adjusted operating earnings following President Donald Trump's myriad tariff actions since ...

GM Cuts 2025 Outlook, Projects up to $5 bn Hit From Tariffs

This is Beirut, 01/05 15:05 - Reading : 1 minute(s)

Donald Trump United States USA GM Tariffs

General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from US President Donald Trump's tariffs, despite moves this week to dampen the blow. On Tuesday, Trump signed an executive order to limit the impact of multiple overlapping tariffs on automakers. He also released a proclamation that gives the ...

California Sues US Government Over Trump Tariffs

This is Beirut, 17/04 05:20 - Reading : 3 minute(s)

United States California Government Justice Tariffs

California is suing the federal government over Donald Trump's on-again-off-again tariffs, the governor and attorney general said Wednesday, claiming the American president does not have the right to impose them. The move marks the strongest pushback yet against a tariff roll-out that has sent global stock markets into meltdown, and left ...

When the Giants of Chic Face Uncertainty

Christiane Tager, 16/04 22:35 - Reading : 2 minute(s)

United States luxury Hermes china tariffs

The world of luxury may shine bright, but it’s not immune to economic storms. On Tuesday, the biggest names – Kering, Hermès and LVMH – saw their shares take a hit, with a stock market slump that was anything but glamorous. The biggest blow went to LVMH, whose first-quarter 2025 results showed a 2% drop in revenue. It’s the first slap in ...

Trump to Meet Japan Envoy for Tariff Negotiations

This is Beirut, 16/04 14:25 - Reading : 3 minute(s)

US Treasury Japan Tariffs Donald Trump

US President Donald Trump said he will join negotiations on Wednesday with Japan's envoy for tariffs, after both countries expressed confidence in striking a mutually beneficial outcome. Trump issued a 90-day pause last week on his 24-percent tariffs on Japan, the biggest investor into the United States and its close strategic and economic ...

Tariffs