President Donald Trump suggested a potential halt to rising tariffs between the U.S. and China. He spoke to reporters at the White House on Thursday, noting that higher tariffs could discourage consumer spending. “At a certain point, people aren’t gonna buy,” Trump said. The President had previously imposed a 10% tariff on most imports. However, […]
tariffs
U.S.-China trade war: Trump signals continued tariffs on high-tech goods
President Donald Trump has made it clear that tariffs on electronics will remain in place. He issued this warning to China after the U.S. administration decided to exempt certain high-tech products from retaliatory tariffs. Trump stated that items like smartphones and laptops will still incur a 20% tariff. He highlighted the importance of not allowing […]
China urges U.S. to eliminate tariffs amid trade tensions
China is urging the United States to completely eliminate its reciprocal tariffs. This call comes after the U.S. hinted that exemptions for certain electronic goods may not last long. A spokesperson from China’s commerce ministry emphasized the need for the U.S. to correct its mistakes and show mutual respect. The ongoing tariff war continues to […]
China imposes 34% tariffs on U.S. goods starting april 10
China has announced that it will impose a 34% tariff on all U.S. goods beginning April 10. This decision comes as a response to tariffs placed by U.S. President Donald Trump. The Finance Ministry stated these measures aim to protect China’s national interests and address unfair trade practices. Additionally, China will restrict exports of medium […]
China challenges Australia anti-dumping measures at WTO: govt
China said on Thursday it had filed a lawsuit at the World Trade Organization challenging Australia’s anti-dumping measures on a range of goods, marking further escalation in tensions between the two countries. The suit — regarding Chinese exports of train wheels, wind turbines and stainless steel sinks — comes a week after Canberra challenged Beijing’s […]
APTMA demands continuation of competitive tariffs of gas, electricity
All Pakistan Textile Mills Association (APTMA) patron-in-chief Gohar Ejaz has asked the government for continuation of regionally competitive tariffs of $6.5/MMBtu (metric million British thermal unit) of gas/RLNG and 7.5 cents/kWh of electricity. “On our request, the government of Prime Minister Imran Khan reposed its confidence in the textile industry, providing a complete support […]
From apples to almonds, India hikes tariffs on US goods
India on Sunday imposed higher tariffs on 28 items imported from the US, in retaliation to Washington’s recent withdrawal of trade privileges for New Delhi. The increased duties apply to products including almonds, apples and walnuts, the Central Board of Indirect Taxes and Customs said. India would “implement the imposition of retaliatory duties on 28 […]
Trump urges China to remove tariffs on US agricultural products
US President Donald Trump on Friday urged China to abolish tariffs on agricultural products imported from the United States — adding that trade talks between the rival powers were going well. “I have asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.),” the president wrote on Twitter. He said […]
Business economists say Trump tariffs will harm US: survey
Business economists overwhelmingly worry President Donald Trump’s trade wars will harm the US economy, according to a survey released Monday. The Trump administration on Thursday is due to impose its latest round of punitive tariffs on China, putting 25 percent duties on another $16 billion in imports, with Beijing poised to retaliate dollar-for-dollar. The twice-yearly […]
Europe will strike back in case of new US tariffs: France
The European Union will retaliate again if US President Donald Trump imposes more tariffs on EU goods to remedy what he calls “unfair” trade relations, French Finance Minister Bruno Le Maire said Monday. The EU on Friday imposed a range of tariffs on goods worth 2.8 billion euros ($3.3 billion) in a tit-for-tat response to […]