This is Beirut - Tariffs

Trump Claims Victory Over Europe but Acknowledges Cost of Trade War

This is Beirut, 10/04 22:50 - Reading : 3 minute(s)

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

This is Beirut, 10/04 18:00 - Reading : 4 minute(s)

Donald Trump European Union China Tariffs

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

This is Beirut, 10/04 17:30 - Reading : 1 minute(s)

Donald Trump Tariffs China

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

This is Beirut, 10/04 08:30 - Reading : 5 minute(s)

United States Donald Trump Tariffs China

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 ...

China Retaliates with 84% Tariffs on US Products from Thursday

This is Beirut, 09/04 18:08 - Reading : 2 minute(s)

Donald Trump United States China Tariffs Trade

China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to 104 ...

US Strikes China With 104% Tariffs

This is Beirut, 09/04 05:45 - Reading : 4 minute(s)

United States China Tariffs Economy Markets

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

Christiane Tager, 08/04 22:40 - Reading : less than a minute

Donald Trump USA India economy Tariffs

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

This is Beirut, 08/04 16:00 - Reading : 3 minute(s)

European Union USA Donald Trump Tariffs

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

This is Beirut, 08/04 09:15 - Reading : 6 minute(s)

Donald Trump China Beijing 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

This is Beirut, 07/04 17:05 - Reading : 2 minute(s)

European Commission European Union United States Trade Tariffs

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 ...

Trade War: World Markets Plunge Under the Weight of New Taxes

This is Beirut, 07/04 15:35 - Reading : less than a minute

Donald Trump European Union USA Global economy Tariffs

Global markets are reeling from Donald Trump's trade war and Chinese retaliation, causing serious concerns for the global economy. After two days of decline, the European stock markets plunged to an all-time low, with indices such as the DAX and CAC 40 sharply down. In Asia, markets suffered a “Black Monday,” with Hong Kong recording its worst ...

Stocks Savaged as China Retaliation to Trump Tariffs Fans Trade War

This is Beirut, 07/04 10:15 - Reading : 6 minute(s)

Donald Trump United States Tariffs China Asia

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...

Tariffs