Tariffs

Trump Claims Victory Over Europe but Acknowledges Cost of Trade War

US President Donald Trump claimed victory over Europe in the US tariffs war but acknowledged a "cost" to his surging trade offensive against superpower rival China as markets plunged again Thursday. Trump sought a victory lap at a White House cabinet meeting, saying the European Union had backed off from imposing retaliatory tariffs because of ...

EU Pauses Tariffs as Trump Eases Trade Pressure, China Left in the Crosshairs

The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war. Trump's about-face on Wednesday triggered a massive market rebound, but Wall Street's rally fizzled on Thursday, and the dollar slumped ...

Trump's 10% Baseline Tariffs Likely to Stay, Says Top Advisor

US President Donald Trump's 10 percent tariff for almost all countries except China will likely remain in place going forward, his top economic advisor Kevin Hassett said onThursday. A day earlier, Trump announced a 90-day pause on higher tariffs against all countries except China, reversing a policy that had roiled global stock markets and ...

Trump's Tariff Pause Gives Market Relief, but China Trade War Intensifies

US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all ...

US Strikes China With 104% Tariffs

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates ...

Diamonds: Precious Stones Under Siege

Over 80% of the world’s rough diamonds are polished in India, cementing the country’s status as the global epicenter of brilliance. Yet, the sparkle of this thriving industry is under threat. A 27% US tariff, introduced by Donald Trump, casts a long shadow over India’s diamond trade, while retaliatory measures from India add fuel to the ...

EU Proposes 25% Tariffs on US Goods, But Not Bourbon

The EU plans tariffs of up to 25 percent on US goods in retaliation for levies on metals but will spare bourbon to shield European wine and spirits from reprisals, according to a document seen by AFP on Tuesday. The proposed tariffs –drawn up since President Donald Trump's duties on steel and aluminum took effect last month –aim to show EU ...

China Vows 'Fight to The End' as Trump Warns 50% More Tariffs

China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. Trump has upended the world economy with sweeping tariffs that have raised the specter of an international recession but has ruled out any ...

EU Offers US Zero Tariffs for Cars and Other Industrial Goods

European Commission President Ursula von der Leyen said on Monday the EU had offered the United States a bilateral tariff exemption for cars and other industrial goods as it works to avert an all-out transatlantic trade war. "We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as ...