This is Beirut - Tariffs

Trump Says to Raise Tariff on India over Russia Oil Purchases

This is Beirut, 04/08 21:02 - Reading : 2 minute(s)

Donald Trump Russia United States Tariffs Oil & Gas

President Donald Trump threatened Monday to hike US tariffs on goods from India over its purchases of Russian oil, a key source of revenue for Moscow's war on Ukraine. New Delhi quickly pushed back, saying the move was unjustified and vowing to protect its interests. Trump's heightened pressure on India comes after he signaled fresh ...

Trump’s Tariffs: Protection or Risky Bet for the US Economy?

Mario Chartouni, 01/08 18:40 - Reading : 4 minute(s)

United States Donald Trump Tariffs China

Tariffs have once again taken center stage in American trade policy. On Thursday, the White House announced a major overhaul of customs duties, marking a new chapter in President Donald Trump’s protectionist agenda. In an official statement, the White House emphasized that these measures aim to “protect American workers” and to “secure ...

Trump Orders Tariffs on Dozens of Countries in Push To Reshape Global Trade

This is Beirut, 01/08 05:25 - Reading : 4 minute(s)

Donald Trump United States Tariffs

President Donald Trump unveiled new tariffs Thursday on nearly 70 countries -- including a blistering 35 percent on neighbor Canada -- as he seeks to reshape global trade to benefit the US economy. However, in a minor reprieve that opens the door to further negotiations, the White House said the measures will take effect in a week for most ...

European Union Resigned to 15 Percent US Tariff

This is Beirut, 28/07 08:55 - Reading : 4 minute(s)

European Union USA Trade Tariffs

The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. US President Donald Trump emerged from a high-stakes meeting with European Commission President Ursula von der ...

EU Prepares 93 Billion Euros in Tariffs as US Trade Talks Hang in Balance

This is Beirut, 24/07 12:30 - Reading : 1 minute(s)

European Union Tariffs United States

EU states on Thursday approved a 93-billion-euro ($109-billion) package of counter-tariffs on US goods that would kick in from August 7 if talks with the United States fail, European diplomats said. US President Donald Trump blind sided the European Union this month when he threatened a 30-percent levy on EU goods unless the two sides reach a ...

Trump's First Five Trade Deals

This is Beirut, 24/07 10:25 - Reading : 4 minute(s)

Donald Trump United States Tariffs Trade

Japan and the Philippines bring to five the number of countries that have concluded trade deals with the United States ahead of an August 1 deadline set by President Donald Trump to avoid punitive tariff rates. The agreed levies are often higher than the new base rate of 10 percent that the United States has applied to most countries since April ...

Trump Secures "Massive" Trade Deal with Japan as Deadline Looms for Global Tariff Threats

This is Beirut, 23/07 08:50 - Reading : 4 minute(s)

Donald Trump Japan Trade deal Tariffs

Donald Trump announced Tuesday a "massive" trade deal with Japan, marking a key breakthrough for major US trade partners as they scramble to strike agreements before the end of the month. In an attempt to slash his country's colossal trade deficit, the US president has vowed to hit dozens of countries with punitive "reciprocal" tariffs if they do ...

Trump says Indonesia to Face 19% Tariff Under Trade Deal

This is Beirut, 16/07 09:17 - Reading : 3 minute(s)

United States Donald Trump Indonesia Tariffs

US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19 percent tariff, Trump said in a post on his Truth Social platform. This ...

Trump Gives Russia 50 Days to Make Ukraine Deal

This is Beirut, 15/07 09:10 - Reading : 4 minute(s)

Donald Trump United States Russia Tariffs

US President Donald Trump told Russia on Monday to end its Ukraine war within 50 days or face massive new economic sanctions, as he laid out plans for new infusions of weaponry for Kyiv via NATO. Trump said he was "very, very unhappy" with Vladimir Putin, underlining his insistence that his patience had finally snapped with the Russian ...

EU Could Target 72 Bn Euros of US Goods If Tariff Talks Fail

This is Beirut, 14/07 17:30 - Reading : 1 minute(s)

United States European Commission Europe Trade Tariffs Donald Trump

The European Commission on Monday said it was putting forward a new list of US goods worth 72 billion euros ($84 billion) that could be targeted by EU levies if tariff talks with Washington fail. The bloc's trade chief, Commissioner Maros Sefcovic, announced the proposal, "accounting for some 72 billion euros' worth of US ...

EU Ministers Weigh Response to Latest Trump Tariff Threat

This is Beirut, 14/07 09:20 - Reading : 3 minute(s)

Donald Trump European Union USA Tariffs Trade

EU ministers on Monday will debate the bloc's approach to trade talks with the United States, as Brussels scrambles to head off 30-percent tariffs threatened by President Donald Trump. The US leader Trump threw months of painstaking negotiations into disarray on Saturday by announcing he would hammer the bloc with sweeping 30-percent tariffs if ...

Global Oil Demand Slumps Amid Tariff Tensions, Says IEA

This is Beirut, 11/07 17:25 - Reading : 1 minute(s)

Oil IEA Donald Trump Tariffs

Growth in oil demand is anemic globally, with several countries in the crosshairs of US President Donald Trump's tariff threats suffering drops, the IEA said Friday. Annual growth in oil demand fell from 1.1 million barrels per day (mbd) in the first quarter of the year to just 0.5 mbd in the second, the International Energy Agency said in ...

Tariffs