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 ...
This is Beirut, 17/05 20:55 - Reading : less than a minute
Lebanon Brazil Olive oil Tariffs
Brazil has officially scrapped import tariffs on Lebanese olive oil, a move expected to boost the Lebanese exports and enhance the product's competitiveness in a key international market. In a statement released on Saturday, Lebanon’s Ministry of Agriculture announced that Brazilian authorities have decided to eliminate the 9% customs duty ...
This is Beirut, 14/05 18:55 - Reading : 4 minute(s)
United States China Tariffs Trade
The United States and China slashed sweeping tariffs on each other's goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains. Washington and Beijing agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in ...
This is Beirut, 11/05 23:00 - Reading : less than a minute
USA Washington China Trade Tariffs
Chinese Vice Premier He Lifeng said Sunday that Beijing and Washington had agreed during weekend talks in Geneva to create a "consultation mechanism", as they strive to de-escalate trade tensions. Speaking to reporters in Geneva, He said that the closed-door discussions with US Treasury Secretary Scott Bessent and Trade Representative Jamieson ...
This is Beirut, 11/05 19:29 - Reading : 4 minute(s)
United States China Tariffs Donald Trump
US officials voiced optimism on Sunday, at the end of a weekend of trade talks with China aimed at de-escalating trade tensions sparked by President Donald Trump's aggressive tariff rollout. "We’ve made substantial progress," US Treasury Secretary Scott Bessent told reporters after the talks with Chinese Vice Premier He Lifeng, while Trade ...
This is Beirut, 10/05 18:53 - Reading : 4 minute(s)
United States China Trade Tariffs Donald Trump
Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as an "important step" towards resolving the trade war sparked by President Donald Trump's sweeping tariffs. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were holding talks with Chinese Vice Premier ...
This is Beirut, 09/05 12:55 - Reading : 4 minute(s)
United States China Tariffs Trade
US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a grueling tit-for-tat tariff war that threatens hundreds of billions in trade and roils global markets and supply chains. AFP looks at how the trade row between the world's two economic superpowers is playing out. What Steps Have the Two Sides ...
This is Beirut, 08/05 16:20 - Reading : 3 minute(s)
European Union Donald Trump United States Tariffs
The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war. The European Commission said it would, in parallel, file a complaint with the World Trade Organization (WTO) over Trump's imposition of swingeing ...
This is Beirut, 06/05 05:15 - Reading : 3 minute(s)
Ford United States Economy Tariffs
Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty. The carmaker estimated a full-year net hit of about $1.5 billion in adjusted operating earnings following President Donald Trump's myriad tariff actions since ...
This is Beirut, 01/05 15:05 - Reading : 1 minute(s)
Donald Trump United States USA GM Tariffs
General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from US President Donald Trump's tariffs, despite moves this week to dampen the blow. On Tuesday, Trump signed an executive order to limit the impact of multiple overlapping tariffs on automakers. He also released a proclamation that gives the ...
This is Beirut, 17/04 05:20 - Reading : 3 minute(s)
United States California Government Justice Tariffs
California is suing the federal government over Donald Trump's on-again-off-again tariffs, the governor and attorney general said Wednesday, claiming the American president does not have the right to impose them. The move marks the strongest pushback yet against a tariff roll-out that has sent global stock markets into meltdown, and left ...
Christiane Tager, 16/04 22:35 - Reading : 2 minute(s)
United States luxury Hermes china tariffs
The world of luxury may shine bright, but it’s not immune to economic storms. On Tuesday, the biggest names – Kering, Hermès and LVMH – saw their shares take a hit, with a stock market slump that was anything but glamorous. The biggest blow went to LVMH, whose first-quarter 2025 results showed a 2% drop in revenue. It’s the first slap in ...