The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium. US President Donald Trump’s increased tariffs of 25 per cent on all steel…
The European Union is putting tariffs on a range of products from the United States in retaliation to President Trump’s steel and aluminum tariffs, and items that come from Republican-held states rank high on the hit list. The European Union plans to institute the tariffs in two phases: The first wave will take hold on…
President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling, and provoked retaliation…
European leaders have said they are ready to give Ukraine security guarantees and warned that it would be dangerous for Kyiv to agree to a ceasefire without a negotiated peace agreement in place with Moscow, officials said. The offer of a European security commitment to Ukraine was made at a meeting in Paris on Monday,…
A two-year-old girl and her mother have died from injuries suffered in car-ramming attack earlier this week in Munich. A two-year-old girl and her mother have died from injuries suffered in a car-ramming attack earlier this week in the German city of Munich that left 37 others injured. “Unfortunately, we have to confirm the deaths…
President Trump on Thursday ordered his advisers to determine new tariff rates on America’s trading partners, a move that he said would “correct longstanding imbalances in international trade.” As part of his plan, Mr. Trump has taken aim at the value-added tax, a system used widely in Europe and elsewhere to tax the consumption of…
Liquor lobbyists gathered in a ritzy private club on a recent rainy evening in Brussels to swill cocktails with names like “Toasts Not Tariffs” and fret over the potential disaster confronting their industry. Again. Seven years ago, the spirits industry found itself a casualty in a worldwide trade war as President Trump unleashed tariffs on…
President Trump is poised to move forward with sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers, but hurt other American industries and ignited trade wars with allies on multiple fronts. The 25 percent tariffs that the president said he would impose on…
To President Trump, one economic number represents everything that is wrong with the global economy: America’s trade deficit. That deficit is the total value of what the United States imports from other nations, minus its exports to other countries. The fact that America runs a trade deficit reflects how the nation’s appetite for foreign goods…
President Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading system and a world economic order that once revolved around a U.S. economy that prized open investment and free markets. The speed and scope of the import duties that Mr. Trump unveiled in executive…
