Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 1 week ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. Rishav Bista, who works at Texas Christian University as an associate professor of economics, said: “While stands to affect the trade relationship with China more intensely, it is expected to affect trading relations with the EU as well.” Edward M. Feasel, president at the Soka University of America, told the outlet that if Trump follows through on his pledge to raise tariffs on goods and services, and even more on China, it will undoubtedly affect exports and gross domestic product in our allies' and other countries' economies. Europe would be severely affected during a “contained trade war” in which the United States is expected to raise tariffs on China to 25% on half of non-critical US imports and to 5% on the rest of the globe, excluding Canada and Mexico, predicts The Financial Times and Allianz Trade's model. According to the model, China's $125.3 billion in 2025 and 2026 would be at stake, while Europe would suffer a a loss of $124.8 billion in case of a “fully-fledged trade war” scenario that imposes 60% tariffs on Chinese exports and 10% on all other countries.

History of this topic

EU faces unpredictable 'Trump 2.0'
3 days, 23 hours ago
Americans rush to buy cars, appliances before Trump's new tariffs
3 days, 23 hours ago
Better Sino-US ties best option for Trump
4 days, 23 hours ago
US tariffs on China unable to stop China trade growth
Trending News
5 days, 23 hours ago
US tariffs on China unable to stop China trade growth
Trending News
5 days, 23 hours ago
Chinese economy can brave external risks
Trending News
6 days, 23 hours ago
Chinese economy can brave external risks
Trending News
6 days, 23 hours ago
US families to bear brunt of new tariffs
Trending News
6 days, 23 hours ago
Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 1 day ago
US manufacturers are stocking up on imports ahead of tariffs
1 week, 3 days ago
China signals it’s prepared to double down on support for the economy as Trump tariffs loom
1 week, 3 days ago
‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
1 week, 4 days ago
US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
1 week, 4 days ago
Here’s what could get significantly more expensive under Trump’s tariff plan
1 week, 4 days ago
How China will strike back at Trump
1 week, 5 days ago
China's Xi warns 'no winners' in trade war with U.S.
1 week, 6 days ago
Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report
1 week, 6 days ago
Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners
1 week, 6 days ago
Trump is threatening to raise tariffs again. Here’s how China plans to fight back
1 week, 6 days ago
Are fears of higher tariffs leading you to stockpile goods?
1 week, 6 days ago
Trump tariffs to harm growth: Experts
Trending News
2 weeks ago
Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial
2 weeks ago
Trump tariffs to harm growth: Experts
Top News
2 weeks ago
Trump tariffs to harm growth: Experts
Top News
2 weeks ago
Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More
2 weeks, 1 day ago
China, US have much to learn from each other
Trending News
2 weeks, 3 days ago
China, US have much to learn from each other
Trending News
2 weeks, 3 days ago
Cushioning headwinds
2 weeks, 3 days ago
Cushioning headwinds
2 weeks, 3 days ago
China, US have much to learn from each other
2 weeks, 3 days ago
How painful will Trump’s tariffs be for American businesses?
2 weeks, 5 days ago
If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
Trending News
2 weeks, 5 days ago
If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
Trending News
2 weeks, 5 days ago
China tightens curbs on exports of materials with chip-making applications to US
2 weeks, 6 days ago
Trump's tariff threats target BRICS nations
2 weeks, 6 days ago
Trump's tariff threats target BRICS nations
2 weeks, 6 days ago
Can Donald Trump enact tariffs without Congress? And can anyone stop him?
2 weeks, 6 days ago
Trump's tariff threats target BRICS nations
2 weeks, 6 days ago
Trump's tariff threats target BRICS nations
2 weeks, 6 days ago
How China will strike back at Trump
3 weeks ago
What to buy now before Trump’s tariffs kick in
3 weeks ago
What to buy now before Trump’s tariffs kick in
3 weeks ago
Global alert: Other countries should steer clear of Trumponomics
3 weeks, 1 day ago
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Trending News
3 weeks, 2 days ago
Joe Biden Warns Trump Not To 'Screw Up' Relationships With Allies Over Tariff Threats
3 weeks, 3 days ago
Trump's tariffs could cost American families $2,600 more a year
3 weeks, 3 days ago
China to respond to Trump's 'tariff war' with 'supply chain war'
3 weeks, 3 days ago
King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
3 weeks, 3 days ago
Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
3 weeks, 4 days ago
Wall Street’s response to more tariffs: Been there, done that
3 weeks, 4 days ago

Discover Related