Tariffs

EU Offers US Zero Tariffs for Cars and Other Industrial Goods

This is Beirut, 07/04 17:05 - Reading : 2 minute(s)

European Commission European Union United States Trade Tariffs

European Commission President Ursula von der Leyen said on Monday the EU had offered the United States a bilateral tariff exemption for cars and other industrial goods as it works to avert an all-out transatlantic trade war. "We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as ...

Trade War: World Markets Plunge Under the Weight of New Taxes

This is Beirut, 07/04 15:35 - Reading : less than a minute

Donald Trump European Union USA Global economy Tariffs

Global markets are reeling from Donald Trump's trade war and Chinese retaliation, causing serious concerns for the global economy. After two days of decline, the European stock markets plunged to an all-time low, with indices such as the DAX and CAC 40 sharply down. In Asia, markets suffered a “Black Monday,” with Hong Kong recording its worst ...

Stocks Savaged as China Retaliation to Trump Tariffs Fans Trade War

This is Beirut, 07/04 10:15 - Reading : 6 minute(s)

Donald Trump United States Tariffs China Asia

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...

Netanyahu and Trump to Talk Tariffs, Iran and Gaza

This is Beirut, 07/04 09:20 - Reading : 4 minute(s)

Donald Trump Benjamin Netanyahu Hamas Israel Gaza Tariffs

Talks on Monday between Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump are expected to be dominated by Washington's shock tariffs on Israel and escalating tensions with Iran. Netanyahu becomes the first foreign leader to meet with Trump in the US capital since the president unveiled sweeping levies on multiple countries ...

Trump's Global Tariff Takes effect in Dramatic US Trade shift

This is Beirut, 05/04 11:20 - Reading : 3 minute(s)

United States Donald Trump China Tariffs

President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy. A 10 percent "baseline" tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic ...

Will China Overcome Trump’s Tariffs?

Christiane Tager, 05/04 08:55 - Reading : 2 minute(s)

United States China Trade war Tariffs

The global stage is in full turmoil. Donald Trump, acting as the grand conductor, has introduced new tariffs that have shaken stock markets and spread panic across the world economy. But the curtain hasn’t dropped yet. China, a major player, is preparing its counterattack and will, as of April 10, impose a 34% tax on American products. The game ...

Where Things Stand in The US-China Trade War

This is Beirut, 04/04 15:55 - Reading : 5 minute(s)

Donald Trump United States Tariffs China economic war

China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods. AFP looks at how an escalating trade war between the United States and China is playing out—and what impact it might have. Why is China so vulnerable to tariffs? Trade between the world's two largest ...

Trump Sued Over Emergency Powers to Impose Tariffs on China

This is Beirut, 04/04 15:20 - Reading : 1 minute(s)

Donald Trump USA China Tariffs

A nonprofit group sued US President Donald Trump and his administration on Thursday over alleged misuse of emergency powers to impose tariffs on all imports from China earlier this year. The lawsuit disputed the legality of Trump's executive order from February 1, not the broader set of tariffs announced on Wednesday that also target a number of ...

China Says to Slap Extra 34% Tariffs on US Imports

This is Beirut, 04/04 14:15 - Reading : 1 minute(s)

Donald Trump USA China Tariffs economic war

China said on Friday it would slap 34 percent tariffs on all imports of US goods from April 10 after Washington imposed steep new levies on Chinese products. "For all imported goods originating from the US, an additional tariff of 34 percent on top of the current applicable tariff rate will be imposed," Beijing's finance ministry said. Beijing's ...

Fitch Downgrades China's Rating to 'A', Outlook Stable

This is Beirut, 03/04 17:10 - Reading : 1 minute(s)

Donald Trump United States China Tariffs

Global ratings agency Fitch downgraded China's long-term foreign-currency issuer default rating from 'A+' to 'A' on Thursday, noting weakening finances and debt concerns. "The downgrade reflects our expectations of a continued weakening of China's public finances and a rapidly rising public debt trajectory during the country's economic ...

Fresh Trump Tariffs to Take Effect on April 5 and 9

This is Beirut, 03/04 00:17 - Reading : 4 minute(s)

United States Donald Trump Tariffs Trade

President Donald Trump's sweeping new tariffs on US trading partners are set to begin this weekend, said White House officials Wednesday, with a higher rate on "worst offenders" to take effect next week. Declaring that a "national emergency" stemmed from security concerns due to persistent trade deficits, the White House ...

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