This is no way to run a trade war
1 week, 6 days ago

This is no way to run a trade war

Live Mint  

Thousands of U.S. companies opened for business on Friday with no idea whether they had to pay tariffs. But when he defends his tariffs on Canada, Mr. Trump cites America’s trade deficit and claims revenue from the tariffs will pay for tax cuts. Faced with Mr. Trump’s tariff threats, Canadian, Mexican and European officials have indicated that they are open to collective action against China, the world’s biggest exporter and a major source of U.S. trade deficits. During Mr. Trump’s first term he was unable to resolve a long-standing trade dispute between the U.S. and the European Union over aircraft subsidies, which involved tariffs and countertariffs between the two sides. If these reports set up a disciplined and lawful trade process and serve as the launching pad for skilled negotiations, Mr. Trump and his team have a chance to establish a new global trading order that advances America’s interests, much like American policymakers in the late 1940s set up an economic order that promoted U.S. economic growth and helped win the Cold War.

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History of this topic

American consumer sentiment plunges on trade war fears
1 week, 2 days ago

American consumer sentiment plunges on trade war fears

CNN  

Washington CNN — The Trump bump in consumer sentiment is now a Trump slump. Americans’ expectations for inflation in the year ahead climbed to 4.9% this month from 4.3%, the highest level since November 2022 “and marking three consecutive months of unusually large increases of 0.5 percentage points or more,” according to a release. “And the biggest driver of consumption …

American consumer sentiment plunges on trade war fears
1 week, 2 days ago

American consumer sentiment plunges on trade war fears

CNN  

Washington CNN — The Trump bump in consumer sentiment is now a Trump slump. Americans’ expectations for inflation in the year ahead climbed to 4.9% this month from 4.3%, the highest level since November 2022 “and marking three consecutive months of unusually large increases of 0.5 percentage points or more,” according to a release. “And the biggest driver of consumption …

Trump has begun another trade war. Here’s a timeline of how we got here
1 week, 3 days ago

Trump has begun another trade war. Here’s a timeline of how we got here

Associated Press  

NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. On his first day in office, Trump also says he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to immediately flesh out plans …

Global trade war on the cards? Donald Trump warns of more tariffs on EU as trading partners trudge cautiously
1 week, 3 days ago

Global trade war on the cards? Donald Trump warns of more tariffs on EU as trading partners trudge cautiously

Live Mint  

US President Donald Trump's push to impose tariffs on trading partners may escalate a global trade war after he warned of slapping further tariffs on European Union goods, Reuters reported. This comes after major US trading partners said they would take retaliatory steps to counter trade barriers already erected by the US. In case EU follows through with its plan …

How Trump’s trade war could quickly spiral out of control
1 week, 3 days ago

How Trump’s trade war could quickly spiral out of control

CNN  

New York CNN — It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle. Tariffs are ‘Trump’s Windex’ The trade war escalation has alarmed investors, CEOs and economists — not to mention a growing chunk of the American public. But I do have to say that in this case, the US …

How Trump’s trade war could quickly spiral out of control
1 week, 3 days ago

How Trump’s trade war could quickly spiral out of control

CNN  

New York CNN — It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle. Tariffs are ‘Trump’s Windex’ The trade war escalation has alarmed investors, CEOs and economists — not to mention a growing chunk of the American public. But I do have to say that in this case, the US …

As global tariff tensions rise, here's the latest on U.S. trade with top partners
1 week, 3 days ago

As global tariff tensions rise, here's the latest on U.S. trade with top partners

NPR  

As global tariff tensions rise, here's the latest on U.S. trade with top partners toggle caption Cole Burston/AFP via Getty Images In less than two weeks, President Trump has upended global markets by imposing tariffs on imports from several of America's top trading partners. The United Kingdom Unlike the EU, the U.K. has taken what British Prime Minister Keir Starmer …

Global trade war escalates as US tariffs on steel, aluminum imports launch
1 week, 4 days ago

Global trade war escalates as US tariffs on steel, aluminum imports launch

Al Jazeera  

US duties on steel and aluminium draw swift retaliation from major trading partners. Tariffs on all steel and aluminium imports into the United States have come into effect, intensifying the global trade war sparked by President Donald Trump. Separate tariffs have been levied on Canada, Mexico and China, with plans to tax imports from the European Union, Brazil and South …

Trump has begun another trade war. Here’s a timeline of how we got here
1 week, 4 days ago

Trump has begun another trade war. Here’s a timeline of how we got here

LA Times  

Trucks loaded with cargo travel in Mexico. In his inaugural address, he again promises to “tariff and tax foreign countries to enrich our citizens.” On his first day in office, Trump also says he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to immediately flesh out plans for taxing Chinese imports. Feb. 1 …

Trump Escalates Trade War Talk With Canada Even As It Raises Recession Risk
1 week, 5 days ago

Trump Escalates Trade War Talk With Canada Even As It Raises Recession Risk

Huff Post  

LOADING ERROR LOADING WASHINGTON — Just weeks after turning the strong economy he inherited into one at risk of a recession, President Donald Trump on Tuesday further escalated the dispute with America’s largest trading partner that is underlying much of the present economic anxiety. “Canada has barely any tariffs on the United States,” said Jason Furman, a top economist in …

Trump defends tariff decisions as hardline trade agenda spooks markets and allies
1 week, 5 days ago

Trump defends tariff decisions as hardline trade agenda spooks markets and allies

CNN  

Washington CNN — President Donald Trump waited to appear in public on Tuesday until the final hour of trading on Wall Street, when he stepped out of the Oval Office to forcefully defend his whipsaw tariff decisions that have roiled the financial markets. Earlier in the day, the White House touted fresh job-creating investments and blamed policies of the Biden …

Trade war intensifies: Trump doubles down on Canadian tariffs and economic pressure
1 week, 5 days ago

Trade war intensifies: Trump doubles down on Canadian tariffs and economic pressure

India Today  

President Donald Trump says that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor. “I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF …

Why China isn’t as worried about Trump’s trade war as in 2018
1 week, 5 days ago

Why China isn’t as worried about Trump’s trade war as in 2018

Al Jazeera  

Beijing is much better positioned to withstand US tariffs than in the past, analysts say. “I don’t want to understate the impact – that’s almost a tripling of the effective tariff rates for Chinese goods that are coming into the United States, so it’s big,” Beddor told Al Jazeera. At the “Two Sessions” meetings last week in Beijing, the National …

Trump has begun another trade war. Here’s a timeline of how we got here
1 week, 6 days ago

Trump has begun another trade war. Here’s a timeline of how we got here

Associated Press  

NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. Share Share Facebook Copy Link copied Print Email X LinkedIn Bluesky Flipboard Pinterest Reddit Trump launches a trade war during his first term in office — taking particular aim at …

Trade war: How best to brace for the return of ‘beggar thy neighbour’ policies
1 week, 6 days ago

Trade war: How best to brace for the return of ‘beggar thy neighbour’ policies

Live Mint  

The word ‘tariff’ traces its origin to the Arabic word ‘ arrafa,’ meaning notify. That’s because in an inter-dependent world, higher tariffs attract retaliatory levies and in an overall sense restrict trade among nations. The ‘almost fully free-trade world’ of the last 40-50 years functioned reasonably well with low levels of tariffs across the board. Imposing tariffs on Mexico and …

Tariff wars are often short. Their legacies aren’t.
1 week, 6 days ago

Tariff wars are often short. Their legacies aren’t.

Live Mint  

President Trump’s start-and-stop expansion of tariffs on trading partners has no analog in modern history. President George W. Bush’s tariffs on steel products raised costs for many companies. The uncertainty has already dampened consumer confidence and boosted inflation expectations, with Boston Fed researchers estimating that Trump’s early tariff proposals could add 0.5 to 0.8 percentage point to core inflation depending …

Trump downplays business concerns about uncertainty from his tariffs, prospect of higher prices
2 weeks ago

Trump downplays business concerns about uncertainty from his tariffs, prospect of higher prices

LA Times  

President Trump waves before departing on Marine One from the South Lawn of the White House on Friday in Washington. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader “reciprocal” tariffs will go into effect April 2, raising them …

Trump has begun another trade war. Here’s a timeline of how we got here
2 weeks, 1 day ago

Trump has begun another trade war. Here’s a timeline of how we got here

Associated Press  

NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. On his first day in office, Trump also says he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to immediately flesh out plans …

World Trade Organization chief says US concerns on tariffs need to be heard
2 weeks, 2 days ago

World Trade Organization chief says US concerns on tariffs need to be heard

Associated Press  

GENEVA — The World Trade Organization chief urged America’s global trading partners on Friday to listen to U.S. concerns about tariffs and engage in dialogue with Washington rather than embrace tit-for-tat measures on tariffs. WTO Director General Ngozi Okonjo-Iweala said it’s important for trade partners not to panic but to embrace dialogue in reaction to President Donald Trump’s threats in …

DC Edit | Trump’s Tariffs to Hurt Most Nations, US
2 weeks, 4 days ago

DC Edit | Trump’s Tariffs to Hurt Most Nations, US

Deccan Chronicle  

The sage of Omaha, Warren Buffett, has said that the new US tariff regime is an “act of war”. Economic wisdom has it that tariffs will hurt the world, including the US where the inflation could run away to double the current three per cent to six per cent. Impressive as it may have seemed when it played out on …

Mint Quick Edit | Trump’s trade war has flared up
2 weeks, 4 days ago

Mint Quick Edit | Trump’s trade war has flared up

Live Mint  

When Warren Buffett lambasted US President Donald Trump ’s imposition of tariffs as “an act of war to some degree," he wasn’t wrong. As an additional 10% tariff on China came into force on Tuesday—on top of 10% slapped on it earlier—China announced reciprocal tariffs on a raft of American agricultural and other products. Europe may be Trump’s next target …

US trade war begins
2 weeks, 4 days ago

US trade war begins

ABC  

Andy Park: The opening salvos have been fired, the battle lines drawn and now the bitter carnage begins. A trade war is erupting as Canada, Mexico and China retaliate against Donald Trump's tariffs on their goods exported to the US, which take effect from today. Nick Grimm: As 25% tariffs on imports from Mexico and Canada, along with doubled duties …

Trump’s trade war is back on. Here’s how tariffs could hit your wallet
2 weeks, 4 days ago

Trump’s trade war is back on. Here’s how tariffs could hit your wallet

LA Times  

President Trump speaks in the Roosevelt Room of the White House in Washington on March 3. How Trump’s trade war could hit your wallet After earlier threats and a last-minute pause in February, President Trump’s North American trade war has begun while the tariff battle with China escalated. “Californians are the nation’s top consumer of Mexican avocados, importing $602 million …

'It ain't happening': CNN's Bash scoffs as key Trump campaign promise goes up in smoke
2 weeks, 5 days ago

'It ain't happening': CNN's Bash scoffs as key Trump campaign promise goes up in smoke

Raw Story  

President Donald Trump's mandate from American voters to lower the cost of living — starting with eggs, for instance — has taken a far back seat to his desire to wield the power of tariffs on friends and foes alike. On Tuesday, 25 percent tariffs went into effect on all Mexican and Canadian goods coming into the United States, a …

Trudeau blasts Trump’s tariffs as ‘dumb,’ accuses US of plotting to annex Canada
2 weeks, 5 days ago

Trudeau blasts Trump’s tariffs as ‘dumb,’ accuses US of plotting to annex Canada

Firstpost  

Trudeau made the announcement just hours after U.S. President Donald Trump slapped 25% tariffs on imports from Mexico and Canada. Canada announced 25% tariffs on $30 billion of goods went into effect early Tuesday, said Canadian PM Justin Trudeau, adding that he would expand tariffs to “the remaining $125 billion of American products in 21 days time.” He accused Trump …

Retailers warn Americans to pay more after Trump launches trade war: Report
2 weeks, 5 days ago

Retailers warn Americans to pay more after Trump launches trade war: Report

Firstpost  

Hours after President Donald Trump’s long-threatened tariffs against Canada and Mexico and his hike in levies on China came into effect on Tuesday, CEOs of two large retailers in the US said shoppers are likely to see prices rise as a result of the tariffs, according to a report Hours after President Donald Trump’s long-threatened tariffs against Canada and Mexico …

New trade war? China, Canada retaliate to US tariffs by announcing counter-tariffs on US goods
2 weeks, 5 days ago

New trade war? China, Canada retaliate to US tariffs by announcing counter-tariffs on US goods

Op India  

Following the confrmation by the United States about imposing tariffs on exports from Canada, China and Mexico, the three countries have also announced retaliatory measures against the US. US President Trump’s decision to impose reciprocal tariffs on countries has attracted widespread criticism along with concerns about inflation and rising trade tensions globally. “The first stage will see 25 per cent …

America First: Donald Trump Imposes Fresh Tariffs On Canada, China, Mexico, Triggers Trade War Concerns
2 weeks, 5 days ago

America First: Donald Trump Imposes Fresh Tariffs On Canada, China, Mexico, Triggers Trade War Concerns

ABP News  

US President Donald Trump’s fresh tariffs on Mexico and Canada became effective on Tuesday. US Tariffs On China Doubled Earlier last month, the US imposed a 10 per cent tariff on Chinese goods as a punishment for the Asian economy over the fentanyl overdose crisis in the US. The recent additional 10 per cent takes the overall duties on Chinese …

Tariffs are an ‘act of war,’ Buffett says. What they mean for the stock market.
2 weeks, 5 days ago

Tariffs are an ‘act of war,’ Buffett says. What they mean for the stock market.

Live Mint  

Berkshire Hathaway’s legendary CEO Warren Buffett says that tariffs are an “act of war" that could further worsen inflation. “From my lens, the Trump honeymoon period with the markets is over," writes Rosenberg Research’s Dave Rosenberg, noting that only 8% of S&P 500 stocks are at new 52-week highs, far below the 25% that were at that peak in early …

How economists would enact Trump’s trade goals. Hint: not like this.
2 weeks, 5 days ago

How economists would enact Trump’s trade goals. Hint: not like this.

Live Mint  

With tariffs poised to take effect on Tuesday on products from Canada and Mexico, plus threats of levies on imports from the European Union, one thing is clear: President Donald Trump likes the number 25. “There’s nothing magical, useful, or relevant about the number 25%," University of Michigan professor of public policy and economics Justin Wolfers tells Barron’s. Michael Klein, …

Trump's tariffs spark trade war: Will global economy pay a heavy price?
Trending News
2 weeks, 5 days ago

Trump's tariffs spark trade war: Will global economy pay a heavy price?

India Today  

The global economy stands at a precipice. As his tariffs came into effect, stock markets around the world saw a sharp rise in volatility and Wall Street's major indices crashed. Global supply chains, still bearing the scars of Covid-19 pandemic disruptions, now face fresh fractures as major economies prepare countermeasures. For instance, Wall Street has experienced significant losses across major …

Donald Trump's tariffs on Canada, Mexico and China could spark global trade war, experts say
2 weeks, 5 days ago

Donald Trump's tariffs on Canada, Mexico and China could spark global trade war, experts say

ABC  

United States President Donald Trump has confirmed his administration is set to enforce 25 per cent tariffs on goods from Mexico and Canada, stoking concerns of a North American trade war and sending local financial markets into a spin. Mr Trump said during an address at the White House on Monday local time that there was "no room left" for …

‘He Finally Shot the Hostage’: Trump’s Trade War Is a Brutal Reality Check
2 weeks, 5 days ago

‘He Finally Shot the Hostage’: Trump’s Trade War Is a Brutal Reality Check

Politico  

Everyone should have seen this coming. “He finally shot the hostage.” Trump’s move to shatter supply chains across North America is a stunning development, no matter how foreseeable, and it’s changing the U.S. outlook fast. Though Trump told reporters in early February that Americans could feel “some pain” from the trade wars, he and his advisers have argued tariffs aren’t …

"Americans will pay more": Stocks tank, US hit with retaliatory tariffs after Trump announcement
2 weeks, 5 days ago

"Americans will pay more": Stocks tank, US hit with retaliatory tariffs after Trump announcement

Salon  

President Donald Trump's announcement Monday that his administration will impose across-the-board 25% tariffs against Canada and Mexico as well as a 10% tariff increase against China, effective Tuesday at midnight, was met with returning fire from those three countries — and a stock market tumble even as he was still speaking. Trump was boasting about what he characterized as his …

Rebutting Trump: China’s Retaliatory Tariffs
3 weeks ago

Rebutting Trump: China’s Retaliatory Tariffs

The Diplomat  

On February 1, 2025, U.S. President Donald Trump declared that all imports from China would be subject to a new 10 percent tariff, citing concerns such as fentanyl trafficking and intellectual property theft. This unilateral tariff increase came on top of existing tariffs on China, making another chapter in the ongoing trade war between the world’s two largest economies. The …

US tariff wars have global fallout, united fight needed
3 weeks, 3 days ago

US tariff wars have global fallout, united fight needed

China Daily  

CAI MENG/CHINA DAILY Less than a month into his second term, US President Donald Trump launched a new round of trade wars, using tariffs as a weapon to advance the United States' interests. The US administration's aggressive trade policy to push forward the "America First" strategy represents a massive increase in the US' protectionist policies, violating the fundamental principles of …

Donald Trump's tariff strategy leaves WTO powerless amid global trade tensions
1 month ago

Donald Trump's tariff strategy leaves WTO powerless amid global trade tensions

Hindustan Times  

The World Trade Organization's entire mission is overseeing global trade, but US President Donald Trump's tariff offensive has left it adrift. The fundamental purpose of the World Trade Organisation is to regulate international trade, but it has become disoriented due to US President Donald Trump's tariff assault. Cedric Dupont of the Geneva Graduate Institute, an international relations professor and an …

Why is Trump stoking a trade war? In short - nostalgia
1 month ago

Why is Trump stoking a trade war? In short - nostalgia

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. As Trump prepared to retake office, he began floating the idea of starting an …

Trump’s reciprocal tariffs will overturn decades of trade policy
1 month, 1 week ago

Trump’s reciprocal tariffs will overturn decades of trade policy

Associated Press  

WASHINGTON — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The White House has cited several examples of especially lopsided tariffs: Brazil taxes ethanol imports, including America’s, at 18%, but the U.S. tariff on ethanol is just 2.5%. Trump’s plan goes beyond foreign countries’ tariffs Not satisfied with scrambling the tariff …

Trump launches reciprocal tariffs
Top News
1 month, 1 week ago

Trump launches reciprocal tariffs

Deccan Chronicle  

Washington: US President Donald Trump inked plans Thursday for sweeping "reciprocal tariffs" hitting both allies and competitors, in a dramatic escalation of an international trade war that economists warn could fuel inflation at home. Speaking in the Oval Office, Trump said he had decided to impose the reciprocal duties, telling reporters that US allies were often "worse than our enemies" …

Gold rate today: Trade war concerns boost gold prices; experts unveil strategy for MCX Gold
1 month, 1 week ago

Gold rate today: Trade war concerns boost gold prices; experts unveil strategy for MCX Gold

Live Mint  

Gold rate today: Gold rates increased in the domestic futures market in the morning trade session on Thursday, February 13, tracking positive global cues amid healthy demand from the domestic spot market. MCX Gold had hit an all-time high of ₹86,360 per 10 grams on February 11. International gold prices also rose due to increased safe-haven demand amid uncertainty surrounding …

"Prices could go up": Trump approves country-by-country reciprocal tariff scheme
1 month, 1 week ago

"Prices could go up": Trump approves country-by-country reciprocal tariff scheme

Salon  

President Donald Trump signed a presidential memorandum on Thursday tasking advisors with setting individual tariff rates for each country that exports goods to the United States. Trump said that U.S. agriculture was getting the short end of the stick under the previous administration, telling reporters that “product is being dumped into our country and our farmers are getting hurt very …

Shyam Saran: India must navigate the Trump era’s trade turbulence with care
1 month, 1 week ago

Shyam Saran: India must navigate the Trump era’s trade turbulence with care

Live Mint  

President Donald Trump promised a trade war and has fired the first shots. US trade partners in Asia and Europe, meanwhile, have largely escaped the tariff war so far, although Trump has repeated his threats to target them as well. Some policymakers in India may have hoped that the US-led Indo-Pacific Economic Framework could become the vehicle for re-entering the …

Markets are betting Trump’s bark is worse than his bite. Consumers are not
1 month, 1 week ago

Markets are betting Trump’s bark is worse than his bite. Consumers are not

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. New York CNN — The last thing anyone needs is another Hot Take about how President Donald Trump’s tariffs are rooted in unsound logic, are almost certain to make prices go up for American consumers, and will possibly even careen the world’s biggest economy into a ditch. But a …

There’s a method behind Trump’s tariff madness
1 month, 1 week ago

There’s a method behind Trump’s tariff madness

CNN  

CNN — If you’re confused by President Donald Trump’s tariff plan, you’re not alone. While previous administrations — including Trump’s tariff-heavy first term — tended to use a scalpel as their preferred tariff tool, Trump in his second term is threatening to use a wrecking ball, saying he’ll place tariffs on many goods that the United States doesn’t even produce. …

What will be the impact of Trump’s trade war? | Explained
1 month, 2 weeks ago

What will be the impact of Trump’s trade war? | Explained

The Hindu  

The story so far: U.S. President Donald Trump has sought to deliver, in the early days of his second term in office, on his most vociferous campaign promise — to slap a range of the U.S.’s trading partners with significant tariffs in a bid to tamp down on undocumented migrant and illicit drug inflows, while presumably incentivising companies to favour …

Decoding the economics of Trump’s tariffs | In Focus podcast
1 month, 2 weeks ago

Decoding the economics of Trump’s tariffs | In Focus podcast

The Hindu  

US President Donald Trump has often said that ‘tariff’ is his favourite word. Within weeks of taking office, he imposed 25% tariffs on all imports from America’s two biggest trading partners, Mexico and Canada, and 10% tariffs on goods from China. Subsequently, he paused the tariffs for 30 days, after Mexico and Canada promised to take certain measures to curb …

How US agriculture market is approaching tariffs and a potential trade war
1 month, 2 weeks ago

How US agriculture market is approaching tariffs and a potential trade war

Live Mint  

U.S. agriculture is attempting to maintain optimism in the face of President Donald Trump’s threats of tariffs on its major customers – Canada, Mexico, and China. While a 10% tariff on Chinese goods did go into effect Tuesday – and was met by targeted retaliatory tariffs on some U.S. goods – delays to President Trump’s 25% tariffs on Canadian and …

Trump’s tariff tactics carry higher economic risks than during his first term
1 month, 2 weeks ago

Trump’s tariff tactics carry higher economic risks than during his first term

Associated Press  

WASHINGTON — When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. During Trump’s first term, his trade team carefully focused its tariff hit list to avoid or …

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