Donald Trump, tariffs
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A Trump administration campaign to stop Chinese manufacturers from evading high U.S. tariffs risks clogging global trade with red tape, snarling the supply chains that electronics companies and automakers rely on to produce goods at the lowest cost,
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
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Korea JoongAng Daily on MSNTrump says U.S. is completing trade deal with China, eyes straight tariffs for othersPresident Donald Trump said on Wednesday that the United States was in the process of completing a trade deal with China and would be setting straight tariffs for most of the rest of the world.
President Trump says he reached a trade agreement with the Philippines following a White House visit by its president. The U.S., the Philippines and other Asian allies are increasing their cooperation to counter China,
The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.
As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.
China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains.
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The Kenya Times on MSNChina Fires Back After Trump Threatens 10% Tariff on BRICS AlliesUS President Donald Trump has warned that any country aligning with BRICS, including China, will face an additional 10% tariff on goods entering the United States. In a post on Sunday, Trump said the policy would have no exceptions and accused the BRICS group of promoting anti-American policies.
Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”