Tag: goods
Donald Trump announces 30% tariffs on goods from the EU and Mexico
The president made the announcement on social media, even as the EU was hoping for a trade agreement Donald Trump announced on Saturday that goods imported from both the European Union and Mexico will face a 30% US tariff rate starting 1 August, in letters posted to his social media platform, Truth Social. The tariff…
Trump threatens 50% tariffs on EU goods and 25% on iPhones not made in US
US President Donald Trump has said he is recommending a 50% tariff on all goods from the European Union being imported to the United States. “Our discussions with them are going nowhere!” he wrote in a post on social media on Friday. He said the new tariffs would kick in on 1 June. The announcement…
Dick’s Sporting Goods is buying Foot Locker for $2.4 billion
Alina Selyukh Athletic retailer Dick’s Sporting Goods plans to buy Foot Locker, the seller of shoes in many a shopping mall, for about $2.4 billion. Dick’s is the largest sports retail chain in the U.S. It’s been on strong financial footing, but it doesn’t have reach outside the country. Foot Locker, for its part, has…
China Strikes Back After Trump Imposes 10% Tariff on Goods
Trump Tariffs After a 10 percent tariff on Chinese products took effect on Tuesday, China announced retaliatory measures, including tariffs and an investigation of Google. By Ana Swanson and Chris Buckley Ana Swanson reported from Washington and Chris Buckley from Bangkok. Follow live updates on President Trump’s tariffs and the global fallout. Beijing responded swiftly…