U.S. President Donald Trump announced on Sunday that he would impose secondary tariffs of 25% to 50% on Russian oil if Moscow blocks efforts to end the war in Ukraine. Trump stated that these tariffs could start within a month unless there is a ceasefire. He emphasized his anger after Russian President Vladimir Putin criticized […]
tarrifs
US suspends tariffs on UK, India, EU nations in digital tax dispute: USTR
The US government announced Wednesday it is suspending for six months any punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes. “The United States is focused on finding a multilateral solution to a range of key issues related to international taxation, including our concerns […]
Mexicans launch friendly defensive to deflect US tariffs
Mexican officials have copied a page from President Donald Trump’s playbook in recent days, taking to Twitter to communicate that they are working flat-out to de-escalate tensions over immigration and avoid punitive tariffs on all Mexican exports to the U.S. Announcements of meetings in Washington, selfies and carefully crafted messages of optimism for cool-headed discussions […]
Japan hits back as US mulls auto tariffs
Japan’s trade minister on Thursday pushed back against Washington for considering possible tariffs on automobile imports, a major driver of the Japanese economy. Hiroshige Seko said the tariffs under consideration — reportedly as high as 25 percent — would disrupt the global market and go against the rules of the World Trade Organisation. “If, only […]