Tag Archives: tariffs

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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Apple Watch and other hardware reportedly spared by new Trump tariffs

The latest round of Trump administration tariffs is set to affect a number of different industries. At least one category previously expected to be impacted, however, is likely to be spared, according to a new report from Bloomberg. According to anonymous sources, the tariffs impacting a slew of consumer electronics, running the gamut from the Apple Watch to Fitbit trackers ...

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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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US may slap China with higher tariffs, Beijing vows to retaliate

Seeking to adjust the US trade imbalance with China, Washington could more than double the pending tariffs on Chinese imports. Beijing has warned of an immediate mirror response. The White House is considering increasing planned tariffs on $ 200 billion of Chinese goods from 10 to 25 percent, according to unnamed sources familiar with the issue, as quoted by Bloomberg. ...

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Why Trump’s car tariffs are doomed to failure: RT’s Boom Bust explains

In the new episode of Boom Bust, Professor of Economics Richard D. Wolff analyses possible US trade tariffs on European cars. Wolff explains how the history of the global automotive market has brought us to this trade conflict between Washington and Brussels. The professor predicts that this plan by President Donald Trump is likely to fail, in the same way ...

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Coca-Cola blames steel & aluminum tariffs for planned price hike

Prices for canned Coke in North America are set to rise in part due to the financial strain linked to tariffs on foreign steel and aluminum introduced by Washington earlier this year, according to the Coca-Cola Company. “We had to take with our bottling partners an increase in prices in our sparkling beverage industry in the middle of the year, ...

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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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‘Tariffs are the greatest!’ Trump tweets tough ahead of trade negotiations with EU

US President Donald Trump has threatened to impose additional penalties on trading partners as he prepares for talks with European officials at the White House. In a Tuesday morning tweet, he called tariffs “the greatest,” saying every US trade partner should either negotiate a “fair deal, or it gets hit with Tariffs. It’s as simple as that.” Trump added: “Remember, ...

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Trump’s China tariffs could drive up the price of the Apple Watch and Fitbit trackers

A new $ 200 billion round of tariffs on Chinese goods could have some broader implications for U.S.-based hardware companies. New government rulings on the Trump-imposed tariffs single out a couple of key devices buy name, including the Apple Watch, Fitbit trackers and Sonos speakers. Products like smartphones have thus far been unimpacted by fees leading to product price spikes, ...

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US releases $200bn list of Chinese products for possible new tariffs

Accusing China of not negotiating “seriously” on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $ 200 billion. The new tariffs would kick in within 60 days. The 200-page document, released on Tuesday by the US Trade Representative’s office, gives notice to those who wish to comment ...

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