Tag Archives: tariffs

President-elect Donald Trump has pledged to raise tariffs on Chinese goods and close some loopholes that exporters now use to sell their products more cheaply in the US. ADVERTISEMENT China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs threatened by US President-elect Donald Trump once he takes office. …

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House. ADVERTISEMENT EU officials played down today Donald Trump’s latest tariff threat, after the US president-elect warned of dire consequences unless the bloc ramps up its purchases of American oil and gas. Trump posted today …

US President-elect Donald Trump has issued a warning to the European Union, threatening tariffs if its member countries do not increase their purchases of American oil and gas.   “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom. ADVERTISEMENT Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up their two-day Central …

Shares in Hong Kong jumped after a report on the meeting by the ruling Communist Party’s Politburo said leaders would “implement more active fiscal policies and moderately loose monetary policies”. ADVERTISEMENT China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy. The pledge comes as Premier Li Qiang, the second-highest ranking politician in …

Following higher EU tariffs on Chinese electric vehicles, car makers such as BYD, SAIC and Geely have increased their hybrid exports to Europe, in an attempt to boost their European market share in this way. ADVERTISEMENT Major Chinese electric vehicle (EV) makers may have found a way to sidestep the EU’s increased tariffs on electric cars, while continuing to expand …

Consumers will have to pay more for their cars, one analyst warns, adding that among the hardest hit would be Volkswagen, Stellantis, General Motors and Ford. ADVERTISEMENT If President-elect Donald Trump carries out his threat to impose 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give …

The euro stabilised against the US dollar on Tuesday, despite more tariff threats from US President-elect Donald Trump, targeting imports from Canada and Mexico. ADVERTISEMENT US President-elect Donald Trump said on Truth Social media that he would impose tariffs of 25% on imports from Canada and Mexico. Both the Canadian dollar and Mexican Peso plunged against the dollar to multi-year …

European automakers took a share price hit on Tuesday after Donald Trump threatened sweeping tariffs on China, Mexico and Canada. ADVERTISEMENT Late Tuesday morning, shares in Germany’s Volkswagen Group fell 2.26% to €80,40, while Stellantis’ stock dropped 4.54% to €12,24, as investors weighed how Trump’s proposed tariffs on China, Mexico and Canada could hit business in Europe. The President-elect said …

The European Commission says it will ‘robustly’ challenge China’s decision to impose provisional antidumping measures on imports of brandy from the EU. ADVERTISEMENT The European Commission has reacted angrily to China’s decision to bring in temporarily anti-dumping measures on imported brandy from the European Union (EU). In a statement issued after China announced its plans, the European Commission said: “The EU …