The European Union has officially approved retaliatory tariffs on $23 billion worth of US goods following President Donald Trump’s decision to impose a 25% tariff on imported steel and aluminium. The EU, the largest trading partner of the US, described these measures as “unjustified and damaging.” The EU said the retaliatory tariffs will be implemented…
China’s finance ministry announced on Friday that it will impose an additional tariff of 34 per cent on all U.S. goods from April 10, retaliating against sweeping levies imposed by US President Donald Trump. The move comes a day after Beijing urged Washington to withdraw its latest tariffs and warned of countermeasures to protect its…
The Chinese government will match President Trump’s plan for 34 percent tariffs on goods from China with its own 34 percent tariff on imports from the United States, China’s Finance Ministry said on Friday. Separately, China’s Ministry of Commerce said it was adding 11 American companies to its list of “unreliable entities,” essentially barring them…
President Trump says he is outraged by the fact that the United States imports more goods than it sends to the rest of the world. What he rarely mentions, though, is that when it comes to services, the tables are turned. Service sectors — which include the finance, travel, engineering and medical industries and more…
Israeli Prime Minister Benjamin Netanyahu announced today the cancellation of all customs duties on products imported from the United States. Netanyahu, in a post on the social media platform ‘X’, highlighted the decade-long policy behind this decision, stating, “Cancelling the customs duties on American goods is an additional step in the policy that my government…
Follow the latest news on the Trump administration. President Trump’s sweeping tariffs are expected to raise the cost of cars, electronics, metals, lumber, pharmaceuticals and other products that American consumers and businesses buy from overseas. But Mr. Trump and his advisers are betting that it can sell an inflation-weary public on a provocative idea: Cheap…
Bo Albertus, a school principal in Denmark, finds the Spanish raisins he now snacks on less tasty than his favorite Sun-Maid ones from California. There is no perfect substitute for Heinz tomato soup, a staple in his pantry. And he misses Pepsi Max. But as long as President Trump pursues policies that Mr. Albertus, 57,…
President Donald Trump suspended on Thursday the 25 per cent tariffs he imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed financial markets and fanned worries over inflation and a growth slowdown. The exemptions, covering the two largest US trading partners, expire on…
President Trump said on Thursday that he would allow Mexico to avoid tariffs on most exports to the United States for one month, saying he would exempt products that are traded under the rules of the U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term. The move came a day after he granted…
About two million baked goods, including some doughnuts and coffee rolls sold at Dunkin’, were recalled over concerns of potential contamination with the bacteria Listeria monocytogenes, federal safety regulators said. The manufacturer FGF Brands, which distributes baked goods in the United States and Canada, issued the voluntary recall because of the “potential for contamination with…