USA – Donald Trump announced on Friday that he’d signed documents imposing 10% tariffs on all imports to US. “It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately,” Trump wrote on his Truth Social platform. The move came […]
Tag: Reciprocal Tariffs
Trump’s Tariff on Canada Overturn
CANADA – Donald Trump’s tariff on Canada was on Wednesday Feb. 11 overturn, with the US House of Representatives voting 219–211 to pass the Democratic-backed measure. The resolution is largely symbolic, however, as it could be vetoed by the president if it passes in the Senate, and it did not secure a veto-proof majority in […]
Trump Announces Financial Assistance Plan for American Farmers
USA – Donald Trump on Monday announced a $12 billion financial assistance plan for American farmers impacted by his global trade tariffs. Trump said the funding will come from tariffs he has imposed on global trading partners, saying during a roundtable event at the White House that “maximizing domestic farm production is a big part […]
Trump Lifts Some US Tariffs on Brazilian Goods
USA – Donald Trump on Thursday signed an executive order modifying some US tariffs on Brazilian goods that were imposed on summer, lifting additional duties on some agricultural imports. The order revises Executive Order 14323 signed in July, in which Trump declared a national emergency over what he called “policies, practices, and actions of the […]
China Suspends 24 Percent of Tariffs on US Imports
CHINA – On Wednesday, China said that it had suspended 24% of imposed tariffs on US imports for an year. The move comes after Chinese President Xi Jinping and his US counterpart Donald Trump held a summit last week in South Korea, with the two sides deciding on a one-year deal in trade and tariffs. […]
Trade Talks Between India and US to Continue; Trump
USA – Donald Trump said on Tuesday that trade talks between India and US will continue, expressing confidence about upcoming discussions with Indian Prime Minister Narendra Modi. “I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations,” he said in […]
Trump Trade Tariffs Update: US Court of International Trade Blocks Trump’s Tariffs
USA – The US Court of International Trade has blocked the implementation of trade tariffs imposed on other nations by president Donald Trump, adding that he exceeded his legal authority. The court announced its decision on Wednesday in a lawsuit filed against the government by several private companies and states regarding the customs duties imposed […]
Trump’s Trade War Tariffs: What We Know So Far
NEWSBRIEF: UNITED STATES – Donald Trump’s trade war with China and allies like Canada, EU countries, Mexico, among others has left the world’s economy in a tensive state with fears of a global recession. On 2nd April, Trump announced reciprocal tariffs to over 180 countries in what he called the “Liberation Day” with a 10% […]