This is Beirut - Tariffs

Trump says Indonesia to Face 19% Tariff Under Trade Deal

This is Beirut, 16/07 09:17 - Reading : 3 minute(s)

United States Donald Trump Indonesia Tariffs

US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19 percent tariff, Trump said in a post on his Truth Social platform. This ...

Trump Gives Russia 50 Days to Make Ukraine Deal

This is Beirut, 15/07 09:10 - Reading : 4 minute(s)

Donald Trump United States Russia Tariffs

US President Donald Trump told Russia on Monday to end its Ukraine war within 50 days or face massive new economic sanctions, as he laid out plans for new infusions of weaponry for Kyiv via NATO. Trump said he was "very, very unhappy" with Vladimir Putin, underlining his insistence that his patience had finally snapped with the Russian ...

EU Could Target 72 Bn Euros of US Goods If Tariff Talks Fail

This is Beirut, 14/07 17:30 - Reading : 1 minute(s)

United States European Commission Europe Trade Tariffs Donald Trump

The European Commission on Monday said it was putting forward a new list of US goods worth 72 billion euros ($84 billion) that could be targeted by EU levies if tariff talks with Washington fail. The bloc's trade chief, Commissioner Maros Sefcovic, announced the proposal, "accounting for some 72 billion euros' worth of US ...

EU Ministers Weigh Response to Latest Trump Tariff Threat

This is Beirut, 14/07 09:20 - Reading : 3 minute(s)

Donald Trump European Union USA Tariffs Trade

EU ministers on Monday will debate the bloc's approach to trade talks with the United States, as Brussels scrambles to head off 30-percent tariffs threatened by President Donald Trump. The US leader Trump threw months of painstaking negotiations into disarray on Saturday by announcing he would hammer the bloc with sweeping 30-percent tariffs if ...

Global Oil Demand Slumps Amid Tariff Tensions, Says IEA

This is Beirut, 11/07 17:25 - Reading : 1 minute(s)

Oil IEA Donald Trump Tariffs

Growth in oil demand is anemic globally, with several countries in the crosshairs of US President Donald Trump's tariff threats suffering drops, the IEA said Friday. Annual growth in oil demand fell from 1.1 million barrels per day (mbd) in the first quarter of the year to just 0.5 mbd in the second, the International Energy Agency said in ...

Trump Says 'No Extensions' to Aug 1 Tariff Deadline

This is Beirut, 08/07 20:25 - Reading : 3 minute(s)

United States Donald Trump Tariffs

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized to dozens of ...

Trump to Sign Order Delaying Tariff Deadline to Aug 1

This is Beirut, 07/07 21:45 - Reading : less than a minute

Donald Trump Tariffs United States

US President Donald Trump is expected to sign an order Monday postponing a deadline for higher tariffs to take effect on dozens of economies ranging from the EU to Japan, the White House said. The July 9 deadline for steeper levies would be pushed back to August 1, Press Secretary Karoline Leavitt told reporters, adding that Trump would address ...

Trump Slaps Allies Japan, South Korea with 25% Tariffs

This is Beirut, 07/07 20:48 - Reading : 3 minute(s)

Donald Trump United States South Korea Tariffs Japan

US President Donald Trump said Monday he was slapping 25 percent tariffs on Japan and South Korea in his first letters to trading partners ahead of a deadline to reach a deal with Washington. Trump had said at the weekend that starting from Monday he would send a first batch of up to 15 letters to countries informing them that he would reimpose ...

Trump Says to Send First Tariff Letters on Monday

This is Beirut, 07/07 09:00 - Reading : 3 minute(s)

Donald Trump European Union USA Tariffs Letters

US President Donald Trump announced he would send the first tariff letters to various countries on Monday, days before his deadline for trading partners to reach a deal expires. Trump said on Sunday that he will send a first batch of up to 15 letters, warning that US levies on imports will snap back to the high levels he set in April if countries ...

US Tariffs to Take Effect August 1 Without Trade Deals, Says Treasury Secretary

This is Beirut, 06/07 18:10 - Reading : 3 minute(s)

Scott Bessent Donald Trump Tariffs United States

US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday. The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2, before he suspended the levies to allow for ...

What is the State of Play with Trump's Tariffs?

This is Beirut, 04/07 08:55 - Reading : 3 minute(s)

Donald Trump United States China Canada Tariffs

With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in. Here is a rundown of what Trump has implemented in his second presidency, with levies on dozens of economies set to ...

Trump Says Vietnam to Face 20% Tariff under 'Great' Deal

This is Beirut, 02/07 19:51 - Reading : 3 minute(s)

United States Donald Trump Vietnam Tariffs

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products. The deal comes less than a week before Trump's self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements are not ...

Tariffs