This is Beirut - Tariffs

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)

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 ...

Trump Says 'No Extensions' to Aug 1 Tariff Deadline

This is Beirut, 08/07 20:25 - Reading : 3 minute(s)

United States Donald Trump Tariffs

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized to dozens of ...

Trump to Sign Order Delaying Tariff Deadline to Aug 1

This is Beirut, 07/07 21:45 - Reading : less than a minute

Donald Trump Tariffs United States

US President Donald Trump is expected to sign an order Monday postponing a deadline for higher tariffs to take effect on dozens of economies ranging from the EU to Japan, the White House said. The July 9 deadline for steeper levies would be pushed back to August 1, Press Secretary Karoline Leavitt told reporters, adding that Trump would address ...

Trump Slaps Allies Japan, South Korea with 25% Tariffs

This is Beirut, 07/07 20:48 - Reading : 3 minute(s)

Donald Trump United States South Korea Tariffs Japan

US President Donald Trump said Monday he was slapping 25 percent tariffs on Japan and South Korea in his first letters to trading partners ahead of a deadline to reach a deal with Washington. Trump had said at the weekend that starting from Monday he would send a first batch of up to 15 letters to countries informing them that he would reimpose ...

Trump Says to Send First Tariff Letters on Monday

This is Beirut, 07/07 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 ...

Tariffs