Xi-Trump Summit: China, US agree tariff cuts on USD 60 billion of goods
The tariff cuts cover an array of products ranging from US corn to cosmetics and from Chinese household appliances to toys...
Tag : tariffs
Fed raises interest rates ahead of US midterms, Warsh calls it ‘right decision’
The decision taken by the apex bank has effectively put a stamp of acknowledgement on the Trump administration's inability to control inflation...
WTO reform failure threatens 10% of global GDP, warns the trade body
Trade fragmentation could erode growth and exports by 2050 as geopolitical tensions, tariffs and subsidies weaken the multilateral system...
Trade war: Ottawa’s counter-tariffs kick in, Washington bans Canadian imports
Ottawa’s countermeasures match, in broad dollar terms, the latest tranche of tariffs imposed by Donald Trump on Canadian goods worth USD 20 billion...
Trump threatens Bombardier amid trade war with Canada, Republicans hit back
Trump said that the Canadian aviation giant won't be allowed to sell its planes in the US unless it started manufacturing in the country...
No US trade deal without Canadian auto sector, Ottawa says amid trade war
The trade deal that fell apart would have cut the top-line tariff rate on Canadian cars and light-duty trucks from 25% to 15%...
Trump administration weighs broader chip tariffs as AI boom tests supply chains
As per the reports, the plan under consideration would link tariff relief for foreign companies to investment in US chip production...
US-Canada trade war: Trump’s tariff threat now targets automobile imports
While American auto production is heavily reliant on Canadian-made parts and vehicles, higher tariffs could raise car costs in the world's largest economy...
Amid US tariff pressure, Switzerland updates FTA with China
Swiss president Guy Parmelin and China's Commerce Minister Wang Wentao announced the conclusion of the talks after a meeting in Bern on August 20...
Headache for Trump administration as US debt races towards USD 40 trillion
Lost tariff revenue and persistent budget deficits are accelerating borrowing just as investors demand higher returns to hold longer-dated Treasuries...