It is the latest in a series of escalating U.S. levies that Beijing called "a mistake on top of a mistake." Such "blackmail" harks back to Donald Trump's first presidency, when he imposed aggressive tariffs on a wide range of Chinese imports as part of his "Make America Great Again"...
A joint U.S. study released in 2023 assessed the impact of the Section 301 tariffs imposed on U.S. imports of apparel, footwear, travel goods and furniture from China since 2018. For footwear alone, the tariffs imposed an annual direct cost on importers of at least 250 million U.S. dol...
Tariffs can be used to raise revenues for governments. This kind of tariff is called a revenue tariff and is not designed to restrict imports. For instance, in 2018 and 2019, President Donald Trump and his administration imposed tariffs on many items to rebalance the trade deficit. In the fi...
outweigh any negatives."But tariffs are two things if you look at it," Trumpsaidin October in an interview with Bloomberg News editor-in-chief John Micklethwait. "No. 1 is for protection of the companies that we have here, and the new companies that will move in because we're going t...
It was under Donald Trump that swingeing new tariffs were imposed on China and Vietnam (often seen as a backdoor conduit for Chinese goods). Canada and Mexico, on the other hand, got a brand new trade deal to take the place of the long-standing NAFTA agreement. ...
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Jingye said the blast furnaces were "no longer financially sustainable", blaming "highly challenging" market conditions, tariffs and costs associated with transitioning to lower-carbon production techniques. Tariffs imposed by Donald Trumpput a 25% tax on all steel imports to the...
It's 2025, and the global stage looks vastly different from a decade ago. Yet, some are still clinging to outdated tactics, believing threats of tariffs and sanctions can sway the world.Recently sworn in U.S. President Donald Trump has threatened to impose 100 percent tariff on BRICS nations...
Many trade experts and economists are skeptical that Trump will impose all the tariffs he’s pledged to and, instead, could use them as anegotiating tactic. That could mean that certain goods end up beingexcluded from tariffs, as was the case with tariffs Trump imposed during his first term...
“It depends on how long the tariffs last and how pervasive they are,” said Dan Ives, managing director and global head of technology research at Wedbush Securities. “I mean, right now we believe no price hike. I think it’s pretty contained.” ...