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Tariff News

IMF warns China virus hitting a fragile global economy

Washington - In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said Wednesday.

US, China sign 'momentous' trade deal

Washington - The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.

Trump hails 'momentous' US-China trade deal ahead of signing

Washington - President Donald Trump on Wednesday ended two years of escalating trade battles with China, with a partial agreement to resolve some areas of conflict.

US, China sign 'momentous' trade deal

Washington - After nearly two years of conflict between the world's two dominant economic powers, the United States and China signed a trade truce on Wednesday, letting businesses around the globe breathe a sigh of relief.

US re-imposes steel, aluminum tariffs on Brazil, Argentina

Rio De Janeiro - US President Donald Trump on Monday announced plans to reimpose tariffs on steel and aluminum from Brazil and Argentina, hitting back at what he called their "unfair" policies.

EU girds for trade riposte after US ups ante on tariffs

Paris - European nations scrambled Thursday to prepare a response to new US tariffs on billions of dollars' worth of EU goods after Washington got the go-ahead from the World Trade Organization to strike back over state subsidies for planemaker Airbus.

US wants to make 'meaningful progress' in China trade talks

Washington - US trade negotiators want to make "meaningful progress" in upcoming talks with China, Treasury Secretary Steven Mnuchin said Thursday, one day after conciliatory gestures by both sides boosted hopes of an eventual resolution.

IMF to Trump: It's not working

Washington - US tariffs on China won't fix the trade deficit, and neither will weakening the US dollar through interest rate cuts, International Monetary Fund economists said Wednesday.

US to slap 10% tariff on $300 bn more in Chinese goods: Trump

Washington - President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.

US trade negotiators will travel to China in 'very near future': official

Washington - US officials will soon resume face-to-face trade talks in China, a White House official said Friday, reviving negotiations that had verged on collapse in May.

Trump says Xi meeting at G20 'scheduled'

Washington - President Donald Trump on Monday said he still expects to talk with his Chinese counterpart Xi Jinping at the upcoming G20 summit, warning he will impose new tariffs if there is no meeting.

IMF's Lagarde: Resolving trade tensions 'immediate priority' for G20

Washington - The global economy is at a "delicate juncture" which will require central banks to maintain stimulus and governments to resolve trade disputes quickly, the International Monetary Fund warned Wednesday.

Top Trump economic advisor hopeful on US-Mexico tariff talks

Washington - A top economics advisor to President Donald Trump said Monday he is hopeful on the outcome of talks with Mexico on immigration and the threat of US trade sanctions.

Trump delays decision on auto tariffs for up to six months

Washington - President Donald Trump on Friday announced a six-month delay in imposing steep tariffs on auto imports, seeking to pressure Europe and Japan into bargaining table concessions on trade.

Trump delays decision on auto tariffs for up to six months

Washington - President Donald Trump on Friday announced he will delay by six months a decision on imposing steep tariffs on imported autos while the United States pursues talks with key trading partners."Within 180 days...

Trump calls trade war with China 'a little squabble'

Washington - President Donald Trump on Tuesday labeled the escalating trade war with China "a little squabble" and again accused Beijing of scuttling an agreement when it was near completion.

It's everyday Americans who pay Trump's tariffs

Washington - President Donald Trump has repeatedly boasted that the tariffs he has imposed on trading partners are a financial windfall for the US treasury, but research shows it is Americans that bear the brunt of the impact.

Trade dispute a 'big headwind' but US manufacturing sees solid growth: report

Washington - US trade disputes and the prospect of even more tariffs on China is a "big headwind" to American manufacturing but the sector still expects solid growth this year, according to an industry survey released Wednesday.

China's top trade negotiator to visit US despite tariffs

Bejing - China said Tuesday its top trade negotiator will visit the United States for talks with American counterparts this week even as Washington stepped up pressure with plans to hike tariffs and complaints that Beijing was backtracking on its commitments.

Trump ups pressure on China ahead of last ditch trade talks

Washington - US President Donald Trump announced Sunday that the United States will raise tariffs on $200 billion of Chinese goods -- a blunt warning to Beijing just days before what is being billed as a last-ditch round of talks to reach a deal or resume their tra...

Trump to hike tariffs on $200 bn of Chinese goods

Washington - US President Donald Trump announced Sunday that the United States would raise tariffs on $200 billion of Chinese goods to 25 percent this week, because trade talks are moving "too slowly.

Trump says trade talks with China 'very productive'

Washington - US President Donald Trump said Sunday US trade talks with China have been "very productive" but offered no hint of the outcome as they entered their fourth day.

Trump threatens tariffs on EU if no trade deal reached

Washington - US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU."We're negotiating.

US calls on Kosovo to suspend Serbia tariff

Pristina - The United States urged Kosovo on Friday to immediately suspend a 100 percent tariff on imported Serbian goods, warning otherwise it would suffer "consequences" in its ties with Washington.

Trump backs potential new auto import tariffs

Washington - President Donald Trump on Wednesday indicated he favors imposing import tariffs to protect the US auto industry, which was rocked by this week's announcement of job cuts at General Motors.

Kosovo Serbs protest Pristina's tariff

Kosovska Mitrovica - Several thousand Kosovo Serbs protested in northern Kosovo on Tuesday against Pristina's massive customs tariff on Serbian goods, a retaliatory measure announced last week that has spiked tensions and curtailed trade between the neighbours.

Tensions flare after Kosovo's massive tariff on Serbia

Kosovska Mitrovica - Kosovo's move to slap Serbian imports with a 100 percent tariff triggered a new surge of tensions between the former war foes on Thursday, with Pristina ignoring European Union calls to reverse the decision.

Kosovo imposes 100 percent tariff on Serbian goods

Pristina - Kosovo imposed a 100 percent tariff on Serbian imports Wednesday, after it blamed Belgrade for sabotaging its bid to join the international police organisation Interpol.

EU will retaliate if Trump imposes auto tariffs: trade official

Washington - The European Union is prepared to retaliate if US President Donald Trump imposes new tariffs on auto imports, EU Trade Commissioner Cecilia Malmstrom warned on Wednesday.

Pompeo on China trade war: 'We are going to win'

New York - Secretary of State Mike Pompeo vowed that the United States would emerge victorious in an intensifying trade war with China, a day before Washington imposes $200 billion worth of tariffs.
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