Donald Trump heaps more tariffs on China, still no deal in sight
5 years, 4 months ago

Donald Trump heaps more tariffs on China, still no deal in sight

Live Mint  

Washington, Columbus: The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” Trump told reporters Friday before going to Camp David, the US presidential retreat. One thing that “White House tariff men should learn is that the Chinese economy is strong and resilient enough to resist the pressure brought about in the ongoing trade war.” Collateral damage While Trump has repeatedly said China is paying for his tariffs, many companies and economists say that US importers bear the cost — and some of it is passed on to consumers. The non-partisan Congressional Budget Office in August projected that by 2020, Trump’s tariffs and trade war will reduce the level of real US GDP by about 0.3% and reduce average real household income by $580.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
2 days, 1 hour ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

A battle is brewing over tariffs among Trump’s team
3 days, 9 hours ago

A battle is brewing over tariffs among Trump’s team

CNN  

CNN — President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter. In private discussions, aides are still focused on drawing up plans that hew closely to the blanket tariffs Trump proposed …

Donald Trump's tariff threat: Top experts discuss what it means for India
1 week ago

Donald Trump's tariff threat: Top experts discuss what it means for India

India Today  

Donald Trump is set to return to the White House as the 47th President of the United States on January 20, 2025, for his second term and his pre-election rhetoric about increasing tariffs has sparked discussions about potential implications for global trade and India's economy. In an exclusive panel discussion with Rahul Kanwal, News Director at Aajtak & India Today, …

'Fancy footwork': China has reportedly figured out how to beat Trump's tariff threat
1 week, 1 day ago

'Fancy footwork': China has reportedly figured out how to beat Trump's tariff threat

Raw Story  

China may be able to sidestep Donald Trump's tariffs just as easily as the last time he slapped them on the trade rival. The once and future president imposed tariffs on Chinese bicycles in 2018, but manufacturers just moved their final assembly operations to facilities in Cambodia, India, Malaysia, Taiwan and Vietnam — using parts mostly made in China — …

What will a second Trump presidency bring?: Explained
1 week, 4 days ago

What will a second Trump presidency bring?: Explained

The Hindu  

The story so far: When U.S. President-elect Donald Trump is administered the oath of office on January 20, 2025, and officially kicks off his second term at the White House, it will be the onset of four years that herald the deepening of domestic and foreign policy priorities enacted in his first term as President. This is likely to have …

'Not a good thing': Expert warns cars may become pricier if Trump gets his way
1 week, 5 days ago

'Not a good thing': Expert warns cars may become pricier if Trump gets his way

Raw Story  

Consumers shopping for a new car in 2025 are being warned to buckle up for higher prices once President-elect Donald Trump takes office next month as potential impacts from his trade policies are beginning to come into focus. Trump has vowed to slap heavy tariffs on all foreign-made goods once he returns to the White House next month, and auto …

Trump tariff threats trigger supply chain ‘freak out’
1 week, 5 days ago

Trump tariff threats trigger supply chain ‘freak out’

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. Read our privacy policy President-elect Donald Trump’s continuing threats of massive tariffs are sparking …

Toy stores could go bust under Trump’s proposed international tariffs
1 week, 6 days ago

Toy stores could go bust under Trump’s proposed international tariffs

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. Read our privacy policy The price of toys may soar if Donald Trump carries …

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs
2 weeks ago

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs

Raw Story  

President-elect Donald Trump is vowing to slap heavy tariffs on all foreign-made goods once he reassumes the presidency next year, and some retailers are warning that could be bad news for children who are expecting their favorite toys next Christmas. CBS News reports that The Toy Association, an industry organization, has found that nearly 80 percent of American toys are …

Why the US should think twice before launching another tariff war?
2 weeks, 1 day ago

Why the US should think twice before launching another tariff war?

China Daily  

Shipping containers are stored at the Port Newark Container Terminal in Newark, New Jersey, on July 21, 2022. In a move that surprised no one, US President-elect Donald Trump once again played the "tariff card," threatening an additional 10 percent tariff on all Chinese products entering the United States, citing a most far-fetched excuse of US drug problems. Here are …

Biden launches new Chinese chips trade probe, will hand off to Trump
2 weeks, 2 days ago

Biden launches new Chinese chips trade probe, will hand off to Trump

The Hindu  

The Biden administration announced on Monday a last-minute trade investigation into older Chinese-made "legacy" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. U.S. Trade Representative Katherine Tai said the probe aims to protect American and other semiconductor producers from China's massive state-driven buildup of domestic …

Trump threatens EU with tariffs unless it makes ‘large scale’ purchase of US gas and oil
2 weeks, 5 days ago

Trump threatens EU with tariffs unless it makes ‘large scale’ purchase of US gas and oil

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. Trump has promised to impose more tariffs to lower the U.S.’s trade deficit and …

'Tariffs all the way!!!' Trump threatens allies in late-night comments
2 weeks, 5 days ago

'Tariffs all the way!!!' Trump threatens allies in late-night comments

Raw Story  

Donald Trump threatened to impose tariffs on U.S. allies in an overnight post demanding that the European Union close its trade gap. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas," Trump posted on Truth Social shortly after 1 a.m. "Otherwise, it …

Trump adds Europe to the list of U.S. trade partners he’s threatening with tariffs
2 weeks, 6 days ago

Trump adds Europe to the list of U.S. trade partners he’s threatening with tariffs

LA Times  

President-elect Donald Trump is threatening the European Union’s 27 countries with tariffs — unless the EU takes steps to import more U.S. goods. President-elect Donald Trump on Friday added the 27 countries that make up the European Union to the list of trade partners he’s threatening with tariffs — unless the group takes steps to import more U.S. goods. We’re …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office in January, a …

Better Sino-US ties best option for Trump
3 weeks ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'
3 weeks, 1 day ago

Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'

India TV News  

US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the “high tariff” imposed by New Delhi on import of certain American products. Trump said India and Brazil were among countries that impose high tariffs on certain US products. If they want to charge us, that's fine, but we're going to charge them the same …

Trump’s approach to trade could be disruptive without doing much for America and the world
3 weeks, 2 days ago

Trump’s approach to trade could be disruptive without doing much for America and the world

Live Mint  

Donald Trump will be sworn in as president of the US for a second time on 20 January 2025. India is one of the countries that Trump has threatened in case it moves ahead with using currencies other than the US dollar for its international trade. The US can reduce its aggregate trade deficit with the rest of the world …

US-China relations: Beijing calls for reset in bilateral tieunder President Donald Trump
3 weeks, 2 days ago

US-China relations: Beijing calls for reset in bilateral tieunder President Donald Trump

Live Mint  

China’s top diplomat expressed hope on Tuesday that the incoming Trump administration would foster cooperative ties with Beijing, hours after former President Donald Trump remarked that the COVID-19 pandemic had strained his once-cordial relationship with Chinese President Xi Jinping, as per Reuters. “We hope the new U.S. administration will make the right choice and work with China in a mutually-beneficial …

US families to bear brunt of new tariffs
Trending News
3 weeks, 2 days ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

Why some concerned shoppers are stockpiling goods
3 weeks, 3 days ago

Why some concerned shoppers are stockpiling goods

CNN  

New York CNN — It’s not March 2020, but it sure feels a lot like it for Herschel Wilson. “We certainly don’t know if we’re really getting this global tariff thing, and certainly not on day one,” he said, referring to Trump imposing tariffs on all imported goods when he takes office on January 20. For instance, Stanley Black & …

Why some concerned shoppers are stockpiling goods
3 weeks, 3 days ago

Why some concerned shoppers are stockpiling goods

CNN  

New York CNN — It’s not March 2020, but it sure feels a lot like it for Herschel Wilson. “We certainly don’t know if we’re really getting this global tariff thing, and certainly not on day one,” he said, referring to Trump imposing tariffs on all imported goods when he takes office on January 20. For instance, Stanley Black & …

Sino-US relations need new chapter
3 weeks, 3 days ago

Sino-US relations need new chapter

China Daily  

MA XUEJING/CHINA DAILY China-US relations are likely to enter a new stage of uncertainty when Donald Trump assumes office as US President on Jan 20. In his second presidency, the US could either trigger trade war 2.0 by levying more tariffs on China and forcing Beijing to slap counter-tariffs, or encourage China to significantly increase imports from the United States …

US manufacturers are stocking up on imports ahead of tariffs
3 weeks, 5 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
3 weeks, 5 days ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

Inflation increases against backdrop of higher tariffs
3 weeks, 6 days ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

Inflation increases against backdrop of higher tariffs
3 weeks, 6 days ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
4 weeks ago

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

Associated Press  

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

The possibility of tariffs in Trump's second term is dividing U.S. businesses
4 weeks ago

The possibility of tariffs in Trump's second term is dividing U.S. businesses

NPR  

The possibility of tariffs in Trump's second term is dividing U.S. businesses President-elect Trump has called for sweeping tariffs on all imports. HORSLEY: McClelland is counting on Trump's tariffs to raise the price of those imported aluminum goods and give him and other domestic manufacturers a fighting chance. HORSLEY: Even Mark McClelland, the aluminum manufacturer who's rooting for tariffs, admits …

Here’s what could get significantly more expensive under Trump’s tariff plan
4 weeks ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Abhijit Bhattacharyya | Will Trump’s tariff threats trigger a wider trade war?
4 weeks ago

Abhijit Bhattacharyya | Will Trump’s tariff threats trigger a wider trade war?

Deccan Chronicle  

Long before he enters the White House on January 20, 2025, US President-elect Donald Trump has already created global tremors over his plans to implement a “Universal Baseline Tariff” on imports after assuming office. In legal terms, it’s “a schedule or system of duties imposed by a government on imported or exported goods”; but in the United States, tariffs are …

How China will strike back at Trump
4 weeks, 1 day ago

How China will strike back at Trump

Hindustan Times  

Who is Huohuade Lutenike? Jamieson Greer, the new trade representative, was an architect of Mr Trump’s first trade war with China. Chinese firms might also soon be hit with sanctions from the Office of Foreign Assets Control, which, unlike the Department of Commerce’s entities list, restricts the ability to use dollars. Last month China employed a new tool, the Anti-Foreign …

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report
4 weeks, 2 days ago

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report

Live Mint  

New Delhi, December 10 : India has a significant opportunity to capitalize on export prospects resulting from expected trade disruptions by upcoming US President Donald Trump's tariff policies, says a report by Shriram Mutual Fund. The report outlined how Trump's proposed tariffs on top US import partners--China, Mexico, and Canada--could lead to trade diversion, benefiting countries like India. It said, …

Trump says he’s ‘can’t guarantee’ tariffs won’t hurt Americans
4 weeks, 2 days ago

Trump says he’s ‘can’t guarantee’ tariffs won’t hurt Americans

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. “I can’t guarantee tomorrow.” But Trump noted that he doesn’t “believe” the warning by …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
4 weeks, 2 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-10 10:18 US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on Nov 13, 2024. US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners
4 weeks, 2 days ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners

China Daily  

To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. Because as the accumulative effects of the tariffs he imposed in his first term and the subsequent ones that the Joe Biden administration has added …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
4 weeks, 2 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on Nov 13, 2024. US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed tariffs, while US economists and companies have called for no more increased tariffs. …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
4 weeks, 2 days ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

Are fears of higher tariffs leading you to stockpile goods?
4 weeks, 2 days ago

Are fears of higher tariffs leading you to stockpile goods?

CNN  

New York CNN — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an additional 10% tariff on Chinese goods. These tariffs have …

The case for Donald Trump’s tariffs
4 weeks, 2 days ago

The case for Donald Trump’s tariffs

CNN  

New York CNN — President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to threats to the dominance of the US dollar. Trump once dubbed himself “Tariff Man” and recently celebrated these import taxes as “the greatest thing ever …

Toymakers' tariff warning: Prepare to pay more
4 weeks, 2 days ago

Toymakers' tariff warning: Prepare to pay more

Salon  

From the newest Marvel movie figurines to plastic bulldozers with a smiley face, most toys sold in the U.S. come with two things: a sense of whimsy and a "Made in China" tag. "All anybody was talking about was tariffs," Jay Foreman, CEO of the Florida-based toy company Basic Fun!, told NPR. "You're going to see a $30 Tonka Mighty …

Trump tariffs to harm growth: Experts
Trending News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial
1 month ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial

China Daily  

This photo taken on Jan 19, 2023 shows the US Capitol building in Washington, DC, the United States. To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. On the campaign trail, he told US …

Trump tariffs to harm growth: Experts
Top News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump "can't guarantee" his tariffs won't raise prices for American families
Top News
1 month ago

Trump "can't guarantee" his tariffs won't raise prices for American families

Salon  

President-elect Donald Trump on Sunday said he “can’t guarantee” that American consumers won’t pay higher prices under his proposed tariff plan in an interview on NBC’s “Meet the Press.” “I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News host Kristen Welker after she asked him whether he could guarantee American families won’t pay more if he chooses …

Trump tariffs to harm growth: Experts
Top News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

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