tariffs

Mexico Warns US It Is Ready to Seek Other Trade Partners

Mexico will look for other trading partners if needed in the face of US President Donald Trump's sweeping tariffs, his Mexican counterpart Claudia Sheinbaum warned Wednesday. Mexico has to take "important decisions for the future of the country" and "if necessary, other trading partners will be sought," she said at her morning news ...

Macron Announces EU Plans for 'Reciprocal' Tariffs on US Steel and Aluminium

The EU will impose "reciprocal" tariffs on US steel and aluminum if President Donald Trump moves ahead with threatened 25 percent duties on European imports, French President Emmanuel Macron said Friday. If the tariffs are confirmed, "Europeans will respond and therefore there will be reciprocal tariffs. Because we must ...

Trump to Impose New Tariffs on China, Mexico, and Canada as of Next Week

US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" fentanyl smuggling. Trump had announced – then halted – sweeping 25 percent levies on Canadian and Mexican imports this month over illegal immigration ...

Trump Signs Executive Orders for Steel, Aluminum Tariffs to Start March 12

  US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March 12, ramping up a long-promised trade war despite warnings from Europe and China. "Today I'm simplifying our tariffs on steel and aluminum," Trump said Monday in the Oval Office. "It's 25 percent without exceptions or ...

Tariff Crisis: Trump Redefines Global Trade

The Trump administration has disrupted the global economy with a series of dramatic announcements and last-minute negotiations, imposing new tariffs on key trading partners – Canada, Mexico and China. While Canada and Mexico secured temporary reprieves through emergency agreements, China remains entrenched in a fierce tariff standoff. Amid ...

US stocks open sharply lower on Trump tariffs

Wall Street stocks opened sharply lower Monday, joining most international equity bourses in falling after US President Donald Trump launched trade wars against Canada, Mexico and China. The tariffs, if maintained, are expected to prolong or worsen inflationary pressures, hitting growth. About 25 minutes into trading, the Dow Jones industrial ...

ECB Senior Official Deems Trade War With US Very Probable

A trade war with the United States “is very likely” under the presidency of Donald Trump, with negative consequences for activity and prices, warned a senior official of the European Central Bank (ECB) on Sunday. Tariffs have played “a central role in the communication of Donald Trump," who will be inaugurated president on ...