Cliff Notes – Trump announces Japan trade deal with 15% tariff on imports US President Donald Trump announced a new trade deal with Japan, reducing…
Browsing: US tariffs Live
Donald Trump announces 30% tariff on imports from EU, after a failed push to get Ursula von der Leyen removed form the UE commission.
His tariffs wil ignite a trade war.
President Trump has confirmed a 35% tariff on Canadian imports, set to take effect on 1 August, citing Canada’s failure to curb fentanyl smuggling and persistent trade imbalances.
President Trump has issued new tariff letters, announcing duties effective 1 August on exports from seven smaller nations, Brunei (25%), Moldova (25%), the Philippines (20%), Algeria (30%), Iraq (30%), Libya (30%), and Sri Lanka (30%), despite their relatively small trade volumes with the U.S.
China has strongly denounced President Trump’s threat to impose tariffs of up to 70 per cent on imports from key East Asian nations, including Japan, South Korea, Malaysia, Laos, Myanmar, Cambodia, Thailand and Indonesia.
Donald Trump is imposing new trade tariffs starting from 1 August, applying rates of up to 40% on goods from countries including Japan, South Korea, and South Africa, among others.
President Trump has postponed the roll-out of planned tariffs, originally scheduled by July 9, to take effect on August 1 instead.
Cliff Notes The Trump administration has extended the effective date for tariffs on US imports, with a new expiry set for 1 August, following a…
The long-awaited UK-US trade deal officially came into force, reducing tariffs on UK exports to the US and strengthening transatlantic economic ties.
Cliff Notes: Nike says Trump tariffs could cost it $1bn Nike estimates an additional $1 billion in costs this year if current US tariffs remain…
In May, Chinese exports to the UK surged by 16.1% compared with the previous year, marking the highest monthly level since February 2022.
France and Germany have joined forces in calling for a measured yet assertive EU response to proposed U.S. tariffs on aircraft and aircraft parts, part of Washington’s broader 20% levies on EU imports.
US President Donald Trump announced the signing of the UK-US trade deal, highlighting its potential to create jobs and boost income in both nations.
President Trump claims a deal with China is finalised, though specifics on tariff reductions remain unclear, highlighting ongoing negotiations.
The UK Economy shrank by 0.3% in April, exceeding economists’ expectations of a 0.1% contraction, largely due to President Trump’s tariff policies.
US and Chinese delegations are negotiating significant trade issues, including tech export restrictions and rare earth minerals.
The UK has been temporarily spared from a steep hike in US steel and aluminium tariffs, following a new executive order signed by former President Donald Trump. While tariffs on other countries doubled from 25% to 50% starting Wednesday, the UK will remain at 25%—for now.
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.
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.