Tariffs

Scottish whisky market slides into supply glut amid falling sales and US tariffs

The Scottish whisky market has slipped into a supply glut as US tariffs and falling demand weigh on the country’s distilleries. Global scotch sales fell 3% in the first half…

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What to know about Trump’s tariffs on branded drugs, furniture and other goods

President Donald Trump on Thursday unleashed a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs and 25% tariffs on heavy-duty…

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Trump Slaps New US Tariffs on Drugs, Trucks and Furniture as World Comes to Terms with Decision

U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week.…

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EU pushes for reduced US autos tariff from August 1 as joint text limits exemptions

The European Union will work to ensure lower U.S. tariffs on its car exports are applied retroactively to August 1, the bloc's trade chief said on Thursday, as the transatlantic…

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US, China extend tariff truce by 90 days

The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up…

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US imposes tariffs on one-kilo gold bars

The United States has imposed tariffs on imports of one-kilo gold bars, the Financial Times reported on Thursday, citing a letter from Customs Border Protection. The letter - dated July…

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Trump’s new tariffs take effect

US President Donald Trump's sweeping new tariffs on countries around the world have come into effect in an escalation of his trade war. "IT'S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS…

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EU to suspend US tariff countermeasures for 6 months

The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday.…

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Trump hits dozens of countries’ goods with steep tariffs

U.S. President Donald Trump slapped steep tariffs on exports from dozens of trading partners including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy…

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Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports

U.S. President Donald Trump issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper, goods from Brazil and South Korea, to ending an…

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Trump says he will set tariffs for 150 small countries in one swoop

President Donald Trump said that he intends to send a single letter telling more than 150 countries what tariff rate they will face. “It’s all going to be the same…

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EU targets Boeing, bourbon for potential tariffs on US goods

The European Commission is targeting 72 billion euros ($84.1 billion) worth of U.S. goods - from Boeing aircraft and bourbon whiskey to cars - for possible tariffs if trade talks…

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French wine and cheese makers say U.S. tariffs would hit hard

French cheese and wine producers have warned of the damaging impact that U.S. President Donald Trump's threatened 30% tariffs on imports from the EU would have on the country's agriculture…

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Trump says US to impose 35 percent tariff on Canadian goods

U.S. President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or…

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Trump sets 50% US tariffs on copper, Brazilian imports; tariff letters to Libya and six other countries

U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines. The letters call for tariffs of…

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US pushes countries for best offers by Wednesday as tariff deadline looms

The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in…

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Trump’s tariffs to remain in effect after appeals court grants stay

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority…

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Federal court strikes down Trump’s tariffs on countries around the world

A federal court has struck down President Donald Trump’s tariffs on dozens of countries, saying his effort to justify them with broad claims of national emergencies exceeded his legal authority.…

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US and China reach deal to temporarily slash tariffs

The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world's two biggest economies seek to end a damaging trade…

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EU approves 5 billion euro French scheme for wine exports to US

The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said. The Commission said…

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U.S. Consumers Face Higher Prices from Temu and Shein Due to Tariff Revival

Two of China’s largest fast fashion retailers, Temu and Shein, have warned US customers that they will face price increases from next week, as Donald Trump’s hefty tariffs on Chinese…

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Trump tariffs: EU pauses countermeasures until July

The European Commission said it would hold off on retaliatory tariffs on US goods worth €21 billion until July 14 "to allow time and space for EU-US negotiations." The EU's pause…

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Apple airlifts 600 tons of iPhones from India ‘to beat’ Trump tariffs

Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there…

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UPDATED: EU pauses countermeasures against US tariffs, von der Leyen says

The European Union will put on hold for 90 days its first countermeasures against U.S. President Donald Trump's tariffs, European Commission President Ursula von der Leyen said in a statement…

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Trump’s stunning tariff pause focuses trade war on China

U.S. President Donald Trump's stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he…

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EU imposes tariffs on U.S. products amid trade tensions

The EU can apply retaliatory tariffs on nearly €21 billion of U.S. products like soybeans, motorcycles and orange juice after the bloc’s 27 countries assented to the measures on Wednesday,…

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China lashes back with 84% tariffs on US goods

China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade…

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Trump’s latest tariffs kick in, deepening global trade war

President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for…

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EU Commission proposes 25% counter-tariffs on some US imports

The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by…

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China censures Trump tariff ‘blackmail’ as market turmoil eases

China vowed not to bow to "blackmail" from the United States as a global trade war ignited by U.S. President Donald Trump's sweeping tariffs showed little sign of abating on…

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EU seeks unity in first strike back at Trump tariffs

European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up…

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China announces retaliatory 34% tariffs on US goods

China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession…

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Trump tariffs provoke world condemnation and fears of a $2,300 iPhone

Countries around the world threatened to ratchet up a trade war with the United States as President Donald Trump's sweeping tariffs ignited fears of steep price increases in the world's…

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Steep US tariffs on Africa signal end of trade deal meant to boost development

The U.S. government's imposition of steep tariffs on African nations signals the end of the AGOA trade deal that was supposed to help African economies develop through preferential access to…

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The list of new tariff rates Trump unveiled

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike,…

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EU plans countermeasures to new US tariffs, says EU chief

European Commission President Ursula von der Leyen described U.S. Donald Trump's universal tariffs as a major blow to the world economy and said the European Union was prepared to respond…

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Italy’s Meloni says U.S. tariffs would hit Italian producers hard

The introduction of new U.S. tariffs would hit Italian producers hard, Prime Minister Giorgia Meloni said in Rome on Wednesday, adding that every effort should be made to avoid a…

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What are the EU’s options in response to Trump tariffs?

European Commission President Ursula von der Leyen said on Tuesday that the European Union had a "strong plan" to retaliate against tariffs imposed by U.S. President Donald Trump, although it…

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Trump will go ahead with tariffs as nervous world awaits trade war

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that…

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EU prepares ‘strong plan’ to hit back at Trump tariffs

European Commission President Ursula von der Leyen on Tuesday said she hoped to avoid a trade war but that Brussels had a "strong plan" to respond to any tariffs imposed by…

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Trump threatens 200% wine tariff if EU does not remove whiskey tariff

US President Donald Trump said on Thursday he would put a 200% wine tariff on all wines and other alcoholic products coming out of EU countries if the bloc did…

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EU to impose counter tariffs on over $28 billion of US goods

The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods from next month in response to U.S. tariffs on steel and aluminium, the…

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‘No room left’ for a deal: Trump says Canada, Mexico tariffs take effect Tuesday

President Donald Trump reaffirmed plans to impose new 25 percent tariffs on all Mexican and Canadian goods beginning Tuesday, likely triggering a trade war with the United States’ biggest trading…

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What are the EU’s options in response to Trump tariffs?

U.S. President Donald Trump is imposing tariffs on imports of steel and aluminium and raise rates to match those of other countries in the coming week. The United States and…

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EU says it would react to U.S. steel tariffs, awaits details

The European Commission said on Monday it would react to protect EU interests after U.S. President Donald Trump's announcement of impending metals tariffs, but said it would not respond until…

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U.S. Companies Rush to Import Goods Before Tariffs

Companies are rushing to ship goods into the U.S. ahead of potential tariffs, as uncertainty surrounding President Donald Trump's trade policies fuels stockpiling across multiple industries. Automakers, food producers, and…

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Trump vows new Canada, Mexico, China tariffs that threaten global trade

President-elect Donald Trump pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger…

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China to counter ‘unjustified’ foreign trade and business laws

SHANGHAI, Jan 9 (Reuters) - China's Ministry of Commerce on Saturday published new rules for countering "unjustified" laws and restrictions imposed by foreign countries on Chinese companies and citizens, as…

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Canada to unveil retaliatory tariffs on U.S. goods – PM Trudeau

Canada will unveil retaliatory tariffs on a range of U.S. goods on Tuesday after Washington moved to impose punitive measures on Canadian aluminum imports, Prime Minister Justin Trudeau said. Deputy…

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Warning new American tariffs on EU food will boost prices, cost U.S. jobs

New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of…

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US to impose 25 per cent tariffs on wide range of EU imports

Donald Trump’s administration is moving to impose 25 per cent tariffs on a wide range of imports from the EU later this month, including cheese, olives, business suits and sweaters,…

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Trump announces increases in tariffs against China, tells US companies to stop doing business with China

President Trump said he would increase taxes on all Chinese goods and demanded that American companies stop doing business with China as his anger toward Beijing and his Federal Reserve…

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US launches investigation into France’s plan to tax tech companies

US President Donald Trump has ordered an investigation into France's planned tax on tech giants - a move that could result in retaliatory tariffs. The US inquiry could pave the…

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India to raise trade tariffs on US goods in retaliation for USA’s decision to strip India of preferential access

India is raising tariffs on US goods in retaliation for Washington’s decision to strip New Delhi of preferential access to the American market. The increase in tariffs on a range…

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Trump announced agreement on immigration with Mexico to avoid tariffs

U.S. President Donald Trump announced that he has indefinitely suspended the threat of tariffs against Mexico after reaching “a signed agreement” on immigration. “I am pleased to inform you that…

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Corporate Dispatch End-Of-Day Roundup

Good evening, These are the headlines of the stories which journalists from around the world where working on in the past news cycle, carefully curated by the researchers at CiConsulta…

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Trump says that tariffs will be imposed on all Mexican imports, to curb illegal migration

President Donald Trump said on Thursday the United States will impose a 5% tariff on all goods coming from Mexico starting on June 10 until illegal immigration across the southern…

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