Tag: tariff
Trump expands Apple tariff threat to all smartphones
US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States.
Former VP Pence warns Trump’s tariffs could lead to US shortages
Pence said he had "concerns" that Trump's tariff policies were "essentially new industrial policy that will result in inflation, that will harm consumers and that will ultimately harm the American economy".
Is history repeating itself?
Experts agree the current tariff wars and escalating trade tensions, particularly between the U.S., China, and the EU, have raised fears of a global recession, drawing comparisons to historical precedents like the 1930s Smoot-Hawley tariffs and the 1970s trade conflicts.
Adidas warns US tariffs to push up prices
CEO Bjorn Gulden said Adidas had reduced its exports from China to the United States "to a minimum", but added that the group was still "somewhat exposed to those currently very high tariffs".
Taxes on super rich and tech giants stall under Trump
Nearly 140 countries struck a deal in 2021 to tax multinational companies, an agreement negotiated under the auspices of the Organisation for Economic Co-operation and Development.
Tariffs could lift Boeing and Airbus plane prices even higher
Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs.
US unveils new port fees for Chinese-linked ships
Under the new rule, per tonnage fees will apply to each Chinese-linked ship's US voyage -- not at each port as some in the sector had worried -- up to five times per year.
US stocks fall with dollar as Powell warns on tariffs
US equities opened lower, shrugging off solid retail sales data. But the market dropped much more after Powell warned that Trump's tariffs could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment.
China says ‘not afraid to fight’ trade war with US
China warned Wednesday it was "not afraid" to fight a trade war with the United States and reiterated calls for dialogue, after US President Donald Trump said it was up to Beijing to come to the negotiating table.
China to ‘moderately reduce’ number of US film imports
The wrong action of the US government's indiscriminate tariffs on China is bound to further reduce the favourable impression of domestic audiences on American films," a statement from the film administration said.
