Tag: trade war

Donald Trump gestures at Turning Point USA's AmericaFest in Phoenix, Arizona, U.S.
DISPUTES

Trump prepares to implement reciprocal tariffs amid escalating concerns over a trade war

Donald Trump’s trade advisors were finalizing plans on Wednesday for the reciprocal tariffs that the U.S. president has pledged to implement against any country imposing duties on American imports, escalating concerns about a potential global trade conflict. In a separate development, trade ministers from the 27-member European Union were scheduled to convene later via videoconference to discuss their strategy in response to European Commission President … Continue reading Trump prepares to implement reciprocal tariffs amid escalating concerns over a trade war

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DISPUTES

European Union has stated that tariffs imposed by Trump will lead to strong retaliatory actions

European Commission President Ursula von der Leyen expressed her commitment on Tuesday to implement “firm and proportionate countermeasures” following U.S. President Donald Trump‘s announcement of tariffs on all steel and aluminum imports, heightening concerns of a potential trade conflict. Trump issued proclamations late Monday to increase tariffs on all steel and aluminum imports to 25%, with no exceptions or exemptions. A White House representative indicated … Continue reading European Union has stated that tariffs imposed by Trump will lead to strong retaliatory actions

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Commercial trucks cross the Lewiston-Queenston Bridge border crossing into the United States.
TOP STORIES

There is a strategic rationale behind Trump’s approach to tariffs

Many individuals find themselves perplexed by President Donald Trump’s tariff strategy. Trump and his economic advisors have issued numerous conflicting statements regarding the justification for these tariffs, leaving American multinational corporations uncertain in their planning and foreign nations unsure of how to engage in negotiations. He imposed significant import taxes on Canada and Mexico, only to delay their implementation for a month in exchange for … Continue reading There is a strategic rationale behind Trump’s approach to tariffs

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The fully automated container terminal at Qingdao Port of Shandong Port Group is the first of its kind in Asia.
TOP STORIES

Initial exchanges in a trade conflict have begun. What are Beijing’s next steps?

The initial response in a new trade dispute between China and the United States was initiated on Monday, as Beijing implemented tariffs on nearly $14 billion worth of US imports. These tariffs, which include duties on crude oil, liquefied natural gas, and various machinery and vehicles, were enacted shortly after US President Donald Trump introduced a blanket 10% tariff on hundreds of billions of dollars … Continue reading Initial exchanges in a trade conflict have begun. What are Beijing’s next steps?

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U.S. President Donald Trump speaks to reporters before signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl.
TOP STORIES

Trump is set to declare a 25% tariff on steel and aluminum as part of the latest escalation in trade tensions

U.S. President Donald Trump announced on Sunday his intention to implement new tariffs of 25% on all steel and aluminum imports into the United States, in addition to the existing duties on metals, marking a significant escalation in his trade policy reforms. While en route to the NFL Super Bowl in New Orleans, Trump addressed reporters aboard Air Force One, stating that he would unveil … Continue reading Trump is set to declare a 25% tariff on steel and aluminum as part of the latest escalation in trade tensions

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Danish Prime Minister Mette Frederiksen
DIPLOMACY

Danish Prime Minister urged the EU to respond decisively to potential U.S. tariffs on its exports

The European Union will have to take decisive action if the United States enacts tariffs on its exports, Danish Prime Minister Mette Frederiksen cautioned on Monday. US President Donald Trump has threatened to impose tariffs on the EU unless the bloc significantly reduces its trade deficit by increasing its imports of American oil and gas. On Friday, Trump reiterated his stance, asserting that he is … Continue reading Danish Prime Minister urged the EU to respond decisively to potential U.S. tariffs on its exports

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A liquor store in Vancouver, British Columbia after Trump's tariff announcement.
TOP STORIES

Trump warns that Americans may face ‘pain’ from the trade conflict with Mexico, Canada, and China

President Donald Trump stated on Sunday that the extensive tariffs he has implemented on Mexico, Canada, and China might lead to “short term” difficulties for Americans, as global markets expressed worries that these tariffs could hinder economic growth and trigger inflation once again. Trump mentioned that he would engage in discussions on Monday with the leaders of Canada and Mexico, who have announced their own … Continue reading Trump warns that Americans may face ‘pain’ from the trade conflict with Mexico, Canada, and China

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U.S. President-elect Donald Trump attends a wreath laying ceremony at Arlington National Cemetery ahead of the presidential inauguration in Arlington, Virginia, U.S.
TOP STORIES

Trump has launched a new trade war by committing to the imposition of strict tariffs

On Friday afternoon, as a group of senior Canadian officials was preparing to engage with President Donald Trump‘s border czar in an effort to prevent severe new tariffs, Trump effectively communicated his disinterest from a distance: Don’t bother. When a reporter inquired in the Oval Office whether Canada, Mexico, or China could take any actions to delay the new tariffs he had pledged to implement … Continue reading Trump has launched a new trade war by committing to the imposition of strict tariffs

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U.S. President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping in Beijing, China.
TOP STORIES

China is considering negotiations in response to Trump’s threats of imposing new tariffs

As Donald Trump intensifies his tariff threats against China, analysts suggest that Beijing is proactively implementing its own restrictions to engage the next U.S. president in negotiations before a potential trade war escalates. Drawing from the experiences of the previous trade conflict during Trump’s first term, China aims to gather leverage for discussions with the incoming U.S. administration on contentious issues related to trade, investment, … Continue reading China is considering negotiations in response to Trump’s threats of imposing new tariffs

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