This is Beirut, 09:00 - Reading : 3 minute(s)
Donald Trump European Union USA Tariffs Letters
US President Donald Trump announced he would send the first tariff letters to various countries on Monday, days before his deadline for trading partners to reach a deal expires. Trump said on Sunday that he will send a first batch of up to 15 letters, warning that US levies on imports will snap back to the high levels he set in April if countries ...
This is Beirut, 06/07 18:10 - Reading : 3 minute(s)
Scott Bessent Donald Trump Tariffs United States
US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday. The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2, before he suspended the levies to allow for ...
This is Beirut, 04/07 08:55 - Reading : 3 minute(s)
Donald Trump United States China Canada Tariffs
With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in. Here is a rundown of what Trump has implemented in his second presidency, with levies on dozens of economies set to ...
This is Beirut, 02/07 19:51 - Reading : 3 minute(s)
United States Donald Trump Vietnam Tariffs
President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products. The deal comes less than a week before Trump's self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements are not ...
This is Beirut, 02/07 09:50 - Reading : 3 minute(s)
Donald Trump United States Tariffs
A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many are still scrambling to reach a deal that would protect them from the worst. The tariffs taking effect July 9 are part of a package Trump imposed in April, citing a lack of "reciprocity" in trading ties. He slapped a 10 ...
This is Beirut, 27/06 09:00 - Reading : 4 minute(s)
Donald Trump European Union Europe Tariffs
After satisfying Donald Trump's calls for Europe to ramp up defense spending in NATO, EU leaders in Brussels turned Thursday to the next big challenge ahead: how to seal a trade deal with the US leader. Time is running out. The European Union has until July 9 to reach a deal or see swingeing tariffs kick in on a majority of goods, unleashing ...
This is Beirut, 12/06 19:25 - Reading : 1 minute(s)
Donald Trump USA Tariffs California Electric Vehicles
US President Donald Trump announced Thursday the scrapping of California's landmark mandate to phase out gas-powered cars in favor of electric vehicles, saying he wanted to save the auto industry from "destruction." The move, a rebuke of Democratic climate change policies, comes as the state planned to end the sale of gasoline-only vehicles by ...
This is Beirut, 09/06 18:45 - Reading : 4 minute(s)
China and the United States began a new round of trade talks in London on Monday, Beijing's state media reported, as the world's two biggest economies seek to shore up a shaky truce after bruising tit-for-tat tariffs. The two sides are meeting in the historic Lancaster House, run by the UK Foreign Office, following a first round of talks ...
This is Beirut, 06/06 22:00 - Reading : 2 minute(s)
Donald Trump USA China Tariffs London
US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. The talks in the British capital on Monday will mark the second round of such negotiations between the world's two biggest economies since Trump ...
This is Beirut, 30/05 18:05 - Reading : 2 minute(s)
Donald Trump United States China Tariffs
US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations. Trump's post on his Truth Social platform came hours after US Treasury Secretary Scott Bessent said that trade talks with ...
This is Beirut, 29/05 09:20 - Reading : 4 minute(s)
Donald Trump USA Tariffs Trade Court
A US federal court on Wednesday blocked most of Donald Trump's sweeping import tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies. The opinion marks a significant setback to the Republican leader as he bids to redraw the US trading relationship with the world by forcing ...
This is Beirut, 26/05 09:20 - Reading : 2 minute(s)
Donald Trump European Union USA Tariffs
US President Donald Trump said Sunday that he would pause his threatened 50 percent tariffs on the European Union until July 9, after a "very nice call" with EU chief Ursula von der Leyen. Trump had threatened on Friday to invoke the steep tariffs as soon as June 1, saying talks with the European Union over his previous levies were "going ...