The United States and China have agreed to a temporary reduction in the tariffs they impose on each other’s imports, marking a significant—if short-term—easing in trade tensions between the two economic powers.
Browsing: US tariffs Live
Cliff Notes – UK-US trade deal ‘isn’t worth the paper it’s written on Nobel laureate Joseph Stiglitz criticises the UK-US trade deal, stating it “isn’t…
Donald Trump has announced he will hit foreign-made movies with 100% tariffs sending shockwaves through the entertainment industry. Trump says the US film industry is dying as filmmakers have been leaving Hollywood for cheaper destinations such as Canada and the UK.
China’s Commerce Ministry is evaluating the Trump administration’s approaches for trade talks, but one-sided tariffs up to 145% are seen as a significant barrier, undermining trust between the two nations.
Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
The “de minimis” rule exempts low-value imports from customs tariffs, with thresholds varying by country (£135 in the UK, $800 in the US).
The ongoing choas from Trump’s tariffs are back on the UK front pages as the IMF cuts global growth rates and confirms the UK is set to be amongst the hardest countries hit. The US has received the biggest downgrade amongst advanced economies as anxiety drives gold up amid Trump’s constant attacks on the Federal Reserve boss Jay Powell. There are concerns over how independent the central bank is and general worries over the state of the US economy.
Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.
Asian markets experienced a significant uptick as President Donald Trump declared his intention not to dismiss U.S. Federal Reserve Chair Jerome Powell. This comment has eased investor concerns around monetary policy continuity amid previous threats to replace Powell.
The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.
US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
Xi Jinping’s Diplomatic Mission: Chinese President Xi Jinping has commenced a pivotal week of diplomacy in Southeast Asia, beginning his visit in Vietnam. This trip serves to reinforce China’s image as a responsible global player in contrast to the United States’ recent trade policies under President Donald Trump, particularly as the US maintains high tariffs on Chinese goods.
Cliff Notes The Trump administration has announced that smartphones, laptops, and semiconductor manufacturing machines will be exempt from reciprocal tariffs, aiming to control consumer prices.…
The value of the US dollar has fallen in recent days to a new three-year low following the uncertainty over the impact of the Trump tariffs on the global economy.
Jamie Dimon, the head of JPMorgan Chase – one of the world’s biggest banks – says the United States’ economy is facing “considerable turbulence”.
Despite opening well this Friday morning, the three main stock indexes in Europe are now down after China announced that it will retaliate further to US tariffs – after the Trump administration confirmed the tariff on China is now 145%.
Donald Trump has backed down on his tariffs (higher than the baseline 10%) on countries that did not retaliate against the levies. The US president announced via social media that there would be a 90-day pause on those tariffs and they would instead be dropped to the blanket 10% rate. But since China did retaliate, Trump announced that the tariffs on China would be hiked to 125%.
Much of the global media sees the announcement of Trump backing down from the trade war he started, likely amid US government bond sell-offs.
China’s tariffs on exports to the US have risen to 125%, prompting speculation about potential retaliation and the future scope of trade relations.
Donald Trump pauses tariffs for most countries for 90 days on “reciprocal” tariffs for over 75 trading partners, maintaining a reduced baseline tariff of 10%
Formula 1 is poised to feel the repercussions of US President Donald Trump’s recently announced tariffs, which have already created a wave of uncertainty in global markets.
The US-China trade war is in full flow as the rest of the world holds its breath, wondering, hoping and perhaps even praying that Trump sees some sense.
There are whispers in the corridors of Congress between Republicans and Democrats as to how they can either curb the president’s war or usurp him. There is far too much at stake for Congress not to intervene.
A proposed 50% tariff on all Chinese goods, combined with existing tariffs, could result in over 100% tariffs, severely crippling trade between the US and China.
A significant increase in tariffs, including a stunning 104% levy on Chinese imports, is set to take effect, creating volatility in Asian markets. This development follows an overall downturn in the U.S. stock market, where the S&P 500 fell 1.6%, indicating widespread investor concern regarding the ongoing trade war.
Chancellor Rachel Reeves is set to meet with top City executives to assess the impact of President Trump’s tariffs on the UK Economy.
The global financial markets are experiencing a downturn due to US tariffs imposed by President Trump, raising fears of an escalating trade war and potential global recession.