Tag Archives: goods

China tariffs hammer drops: Trump announces new duties on $200bn worth of Chinese goods

US President Donald Trump has announced import tariffs on $ 200 billion worth of Chinese goods. China has promised to retaliate. The move, which sees $ 200 billion worth of Chinese imports slapped with a ten percent levy, comes amid a deepening trade spat between the world’s two largest economies. The tariffs will be applied to more than 1,000 Chinese ...

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China threatens tariffs on $60 billion in US goods

Beijing has announced plans to slap import taxes targeting 5,207 American products worth $ 60 billion in retaliation to trade tariffs on Chinese goods imposed by the US. The tariffs would range from 5 percent to 25 percent. “The implementation date of the taxation measures will be subject to the actions of the US, and China reserves the right to ...

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Brussels readies $20 billion in tariffs on US goods ahead of meeting with Trump

The European Union could introduce a new wave of tariffs against imports from the US if Washington targets European cars, according to the EU’s trade chief Cecilia Malmstrom. The announcement comes hours ahead of a meeting between the European Commission President Jean-Claude Juncker and President Donald Trump at the White House on Wednesday. They will reportedly discuss a wide range ...

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Chinese consumers ready to boycott American goods if trade war escalates

Most Chinese may stop buying US products in response to tariffs imposed last month on goods from their country by the White House amid rising trade tensions between Washington and Beijing, according to the latest survey. The recent study carried out by FT Confidential Research shows that 54 percent of respondents across 300 Chinese cities would “probably” or “definitely” reject ...

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Israeli minister wants to close embassy in Ireland after vote to ban imports of settlement goods

Israel’s defense minister has called for its embassy in Ireland to be closed after the country proposed a law that would ban the importation of goods produced in illegal Israeli settlements. READ MORE: ‘You can’t fend off terrorists with pizza trays’: Israel reportedly plans relaxing gun laws Despite opposition from the Irish government, the Control of Economic Activities (Occupied Territories) ...

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‘Totally unacceptable’: Beijing vows retaliation if US taxes $200bn of Chinese goods

The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $ 200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order to safeguard the core interests of the country ...

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Iran will import goods only from countries that buy its oil – MP

The Energy Committee of Iran has announced that Tehran will buy goods only from those nations which purchase Iranian oil. This follows the US demand from its allies to stop buying Iranian crude. “We will carry out barter exchange of oil and goods, which means the purchase of goods will depend on the sale of oil,” representative of Iran’s Energy ...

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Russia files WTO claim against US metals tariffs & targets American goods in response

Russia has joined the list of countries challenging US steel and aluminum tariffs, appealing to the World Trade Organization (WTO) to resolve the dispute. Read more “The appeal challenges the numerous violations of WTO rules by the United States in introducing this measure. In addition to Russia, similar claims were earlier sent by China, India, the European Union, Canada, Mexico ...

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‘Take it or leave it:’ Israel proposes building goods port for Gaza in Cyprus – report

Tel Aviv has discussed the establishment of a seaport for the Gaza Strip in Cyprus, Israeli media reports. Israel’s proposal, now being considered by Nicosia, comes after it has actually maintained a blockade of Gaza for years. The alleged ‘good will’ initiative is, however, far from being without conditions. The establishment of a port would take place only if the ...

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