Tariffs

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

This is Beirut, 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 ...

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 ...

Trump Says 'Ball is in China's Court' on Tariffs

This is Beirut, 15/04 21:35 - Reading : 1 minute(s)

Donald Trump China United States Tariffs

US President Donald Trump believes it is up to China, not the United States, to come to the negotiating table on trade, the White House said Tuesday as tensions escalate between the world's two biggest economies. "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them," said ...

US Opens Door to Tariffs on Pharma, Semiconductors

This is Beirut, 15/04 05:20 - Reading : 4 minute(s)

United States Donald Trump Tariffs Markets

The United States opened the door Monday to tariffs targeting high-end technology and pharmaceuticals, feeding the uncertainty gripping the global economy in a trade war that Chinese leader Xi Jinping warned can have "no winner." After weeks of indications such a move was coming, the US Commerce secretary formally announced ...

EU Tariffs on US Goods Suspended Until July 14

This is Beirut, 14/04 19:15 - Reading : 1 minute(s)

United States European Union Tariffs

The EU's retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington. The European Union was hit with a 20 percent rate as part of Trump's sweeping tariffs on April 2, before he suspended the measures for 90 days a week later. To give breathing room ...

Trump Says no One 'Off the Hook' on Tariffs but Markets Rise

This is Beirut, 14/04 11:48 - Reading : 4 minute(s)

United States Donald Trump China Market Tariffs

Markets on Monday welcomed a US tariffs reprieve for electronics, but President Donald Trump warned no country would get "off the hook" in his trade war -- especially China. The world's two largest economies have been locked in a fast-moving game of brinkmanship since Trump launched a global tariff assault that particularly targeted ...

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