Trump hits China with more tariffs, global markets sink
5 years, 5 months ago

Trump hits China with more tariffs, global markets sink

Al Jazeera  

US to impose 10 percent levy on an additional $300bn of Chinese goods, as Trump says tariff rate may increase further. United States President Donald Trump said he plans to impose a 10 percent tariff on $300bn of Chinese imports from September 1 and could raise tariffs further if China’s President Xi Jinping fails to move more quickly to strike a trade deal. Trump later said if trade negotiations fail to progress he could raise tariffs further – even beyond the 25 percent levy he has already imposed on $250bn of imports from China. Asked about the impact on financial markets, Trump told reporters: “I’m not concerned about that at all.” Moody’s said the new tariffs would weigh on the global economy at a time when growth is already slowing in the US, China and the eurozone. Gibbs said that as market access in China “remains unnecessarily restricted,” the United States should continue its dialogue with Beijing, and “also work with like-minded countries to persuade China that fair and reciprocal trade and investment benefits all.” Crops and drugs Trump said Beijing had failed to stop sales of the synthetic opioid fentanyl to the US, as it had promised to do.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
2 days, 2 hours 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, 10 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 …

'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 …

'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 …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

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 …

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 …

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, 6 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 …

China signals it's prepared to double down on support for the economy as Trump tariffs loom
3 weeks, 6 days ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Leaders of the ruling Communist Party wrapped up their …

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 …

Trump invites Xi Jinping to inauguration despite tariff rhetoric. Is it a business negotiation move? EXPLAINED
3 weeks, 6 days ago

Trump invites Xi Jinping to inauguration despite tariff rhetoric. Is it a business negotiation move? EXPLAINED

India TV News  

US President-elect Donald Trump has invited Chinese President Xi Jinping and other world leaders to his inauguration next month, an unorthodox move that would fold US allies and adversaries into a very American political tradition. Trump's unprecedented move His comments came soon after his incoming White House press secretary, Karoline Leavitt, confirmed during a Thursday morning appearance on “Fox & …

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 …

Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing
Trending News
3 weeks, 6 days ago

Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing

Associated Press  

WEST PALM BEACH, Fla. — President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month — extending a diplomatic olive branch even as Trump threatens to levy massive tariffs on Chinese goods. Trump’s incoming press secretary, Karoline Leavitt, confirmed on Thursday that Trump invited Xi, but said it was “to be determined” if the leader …

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 …

Donald Trump invites China’s Xi Jinping to attend his inauguration on January 20 amid tariff hikes
4 weeks ago

Donald Trump invites China’s Xi Jinping to attend his inauguration on January 20 amid tariff hikes

Live Mint  

As Inauguration Day approaches, President-elect Donald Trump and Vice President-elect JD Vance prepare for their swearing-in ceremony. For the inaugration, Trump has invited Chinese President Xi Jinping to attend his Janurary 20 inauguration, CBS News reported citing sources. "World leaders are lining up to meet with President Trump because they know he will soon return to power and restore peace …

Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing
4 weeks ago

Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing

LA Times  

Then-President Trump meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Japan in 2019. Trump’s incoming press secretary, Karoline Leavitt, confirmed Thursday that Trump invited Xi, but said it was “to be determined” if the leader of the United States’ most significant economic and military competitor would attend. Danny Russel, vice president …

Trump invites China's Xi to next month's inauguration
4 weeks ago

Trump invites China's Xi to next month's inauguration

NPR  

Trump invites China's Xi to next month's inauguration toggle caption Evaristo Sa/AFP via Getty Images Chinese leader Xi Jinping has been invited to attend President-elect Donald Trump's inauguration next month. Karoline Leavitt, the incoming White House press secretary, told Fox News on Thursday that the inaugural committee had extended an invite to Xi and other foreign leaders, but she did …

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, …

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 …

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 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 …

After Threatening Hefty Tariffs, Trump Says Canada And Mexico Should Become A US State
Trending News
1 month ago

After Threatening Hefty Tariffs, Trump Says Canada And Mexico Should Become A US State

ABP News  

Observing the US is subsidising its two neighbours Canada and Mexico to the tune of USD 100 billion and USD 300 billion, respectively, incoming US President Donald Trump on Sunday said that if that is the case then these two countries better be a part of America. Trump, 78, has threatened to impose hefty tariffs on both Canada and Mexico …

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 …

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More
1 month ago

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More

Huff Post  

LOADING ERROR LOADING Donald Trump says he can’t guarantee his plan to impose sweeping tariffs on America’s top trade partners won’t hurt people’s pocketbooks. I can’t guarantee tomorrow.” But during his first major interview since November’s election, he told host Kristen Welker he still believed imposing tariffs on goods from China, Canada, Mexico and beyond would “cost Americans nothing,” contrary …

Trump says he can’t guarantee tariffs won’t raise US prices and won’t rule out revenge prosecutions
1 month ago

Trump says he can’t guarantee tariffs won’t raise US prices and won’t rule out revenge prosecutions

Live Mint  

WASHINGTON — Donald Trump said he can't guarantee that his promised tariffs on key U.S. foreign trade partners won't raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned. Trump often mixed declarative statements with caveats, at one point cautioning “things do change.” A …

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