China, Trump and tariffs
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The Economist |
On April 2nd America landed its biggest blow yet, raising the average levy on Chinese goods above 60%.
Reuters |
European shares slumped to a two-month low on Thursday, with trade-sensitive Germany hit the hardest, as a fresh round of aggressive U.S. tariffs escalated a global trade war and stoked fears of an ec...
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The tariffs are part of a new plan announced by President Donald Trump yesterday on what he dubbed "Liberation Day."
China's yuan dropped to its lowest level in seven weeks and stock markets slumped on Thursday after U.S. President Donald Trump unveiled a sweeping set of reciprocal tariffs that were particularly heavy on China and its main trading partners.
In a background call before Trump's speech, a senior White House official told reporters that the president would impose a "baseline" tariff on all imports to the US. That rate is set at 10% and will go into effect on 5 April.
The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.
China vowed to retaliate against Donald Trump’s biggest tariffs yet, putting the world’s largest economies on a collision course that risks decimating bilateral trade and upending supply chains.
The US president announces a 10% tariff on all imports, with further measures targeting countries the White House call the "worst offenders".
President Donald Trump on Wednesday said his new plan for U.S. tariffs will consist of a universal tax of 10% on imported products from all other countries, as well as additional “reciprocal” levies on “nations that treat us badly.
Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 54 percentage points in the 10 weeks since the U.
President Donald Trump imposed the steepest American tariffs in a century, stepping up his campaign to reshape the global economy and unnerving investors who see a trade war as a risk to US growth.
With Trump increasing tariffs on China, sectors where India could gain market share in U.S. exports include textiles, apparel, and footwear. Additionally, India sees an opportunity to boost exports of iron and steel products,
Trump announced a range of new tariffs on April 2, his so-called "Liberation Day."He signed an executive order to impose reciprocal tariffs and a 25% tariff on car imports.Some economists warned that uncertainty around the tariffs could strain consumers and businesses.