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Tag: tariffs
China says Trump’s tariffs ‘launched the largest trade war in economic history,’ vows to strike back
Reuters/Jason Lee The Chinese government responded quickly to the as President Donald Trump’s tariffs went into effect at midnight ET on Friday. The Chinese Ministry of Commerce called the tariffs “typical trade bullying” and said Trump “launched the largest trade war in economic history.” China also promised that it would respond with trade restrictions of […]
The EU hits back at Trump’s claim it is ‘as bad as China’ — threatening $300 billion tariffs
Justin Sullivan/Getty Images European Union threatens to retaliate in growing trade war, if Trump places tariffs on European cars, the FT reports. The European Commission said in a letter that they would hit $ 300 billion of US goods with tariffs if needed. Letter also threatened that any auto tariffs would “damage further the reputation” of […]
The global economy is losing momentum even before tariffs hit
Carlos Barria/Reuters PMI reports are regarded as being as good an indicator as any on the health of the global economy. In June, new exports orders from China, Japan and the ASEAN regional all declined, pointing to a softening in global demand. The United States is set to slap 25% tariffs on $ 34 billion […]
BMW says tariffs may cause cuts in U.S. investments and jobs
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Toyota: Tariffs would add $1,800 to price of a Corolla
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Automakers warn tariffs will cost hundreds of thousands of U.S. jobs
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All the US states that ship more than $1 billion worth of goods to China that would be slammed by tariffs
Reuters/Carlos Barria President Donald Trump escalated his trade dispute with China and is planning for $ 200 billion worth of Chinese goods to be subjected to an additional 10% tariff. In turn, China said it would slap the US with tariffs on $ 50 billion worth of US imports starting in July. China’s tariffs would […]
As China mulls its response to Donald Trump’s tariffs, cool heads are prevailing, for now
The serried ranks FOR now, at least, when speaking of the trade dispute with America, China’s government is taking a more-in-sorrow-than-in-anger tone. That helps explain the Chinese public’s surprisingly measured views of Donald Trump, and gives the Chinese government some breathing room to consider its options. The state media have so far taken the high […]
Trump to decide whether or not to hit China with about $50 billion in tariffs
Pool/Thomas Peter via Associated Press President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, a senior Trump administration official said. An official said that a draft document showed that the list would be close to $ 50 billion, […]
