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Jonathan Ernst/Reuters US companies are paying more than ever before in tariff duties: $ 6.2 billion in October. The October tariff collections represented a 104% jump from October 2017. The sudden spike came due to President Donald Trump’s tariffs on steel, aluminum, and Chinese goods. US companies paid $ 2.2 billion more to import goods […]
Jonathan Ernst/Reuters President Donald Trump and Chinese President Xi Jinping have reached a 90-day ceasefire agreement on new economic tariffs. Trump agreed not to raise US tariffs on Chinese imports as scheduled on January 1. Trump will impose the tariffs if the two countries do not reach an agreement within 90 days, according to the […]
Enlarge / A pick-up truck makes its way out of the Mountain Pass open pit mine in California in 2009. (credit: Photo by Jacob Kepler/Bloomberg via Getty Images) President Trump’s tariffs on rare-earth metals from China should have been a boon to the only US rare-earth minerals mine in California. But a recent Wall Street Journal […]
Due to China’s increased tariffs on U.S.-manufactured vehicles, Tesla’s sales have taken a moderate beating there. Like any automaker hoping to move metal within the region, it wants a solution and seems to have come up with one. While there appears to be little hope of the brand’s larger vehicles circumventing the nation’s 40 percent […]
Japanese Prime Minister Shinzo Abe, whose grandfather was PM when the US isolated Japan from China, arrived in Beijing last week for a three-day state visit. This was Japan’s first formal bilateral summit with Chinese leaders since 2011 and the first in an era of US regional uncertainty under the current administration. US President Trump […]
Turkey has told the World Trade Organization it plans to impose steel import quotas from October 17 to protect the domestic steel industry. Earlier this year, the United States doubled the previously-imposed import tariffs on Turkish aluminum and steel to 20 percent and 50 percent, respectively. A trade dispute between Ankara and Washington has been […]
The new trade pact between the U.S. and Canada eases uncertainty in the U.S. auto industry, helping car makers to move forward with factory investments with greater clarity.
[unable to retrieve full-text content] Filed under: Government/Legal Two thirds of Japan’s trade surplus with U.S. comes from cars Continue reading Japan dodges U.S. auto tariffs, for now, as Trump, Abe agree on talks Japan dodges U.S. auto tariffs, for now, as Trump, Abe agree on talks originally appeared on Autoblog on Thu, 27 Sep […]
Donald Trump has threatened to impose even more tariffs on Chinese goods if Beijing dares to impose tit-for-tat measures in response to Washington’s latest package of levies targeting some $ 200 billion of Chinese exports. Trump has cautioned the world’s second-largest economy to think twice before engaging in a trade war in which, he claims, […]
The White House isn’t just dismissing technology companies’ concerns about tariffs on China, it’s picking up the pace. Both Reuters and the Wall Street Journal have learned that the Trump administration is likely to formally announce its latest tariffs on Chinese goods within the next few days (possibly as soon as September 17th). Imports for […]
