Tag: trade
Brazil’s president seeks ‘indestructible’ links with China amid Trump trade war
Remark comes as Brazil, Colombia and Chile’s leaders fly to Beijing amid international uncertainty generated by Trump The Brazilian president, Luiz Inácio Lula da Silva, has heralded his desire to build “indestructible” relations with China, as the leaders of three of Latin America’s biggest economies flew to Beijing against the backdrop of Donald Trump’s trade…
Trump claims ‘total reset’ in US-China trade relations after tariff talks in Geneva
US president praises ‘very good’ discussions as top US and Chinese officials meet over trade war triggered by Trump’s tariff blitz Donald Trump has hailed a “total reset” in US-China trade relations after the first day of talks between top American and Chinese officials in Geneva aimed at defusing a trade war sparked by his…
India and Pakistan trade attacks amid risk of war between nuclear states
By Bilal Kuchay , Diaa Hadid Pakistan’s army said it shot down 25 military drones that fanned over population centers — including the city that houses Pakistan’s general army headquarters. By Thursday evening, residents in Indian border towns reported hearing blasts. Authorities announced blackouts along parts of the border, and the Secretary of State Marco…
UK and India agree trade deal after three years of talks
The UK and India have agreed a trade deal that will make it easier for UK firms to export whisky, cars and other products to India, and cut taxes on India’s clothing and footwear exports. The UK government said the “landmark” agreement, which took three years to reach, did not include any change in immigration…
Xi announces plan for Chinese economy to counter impact of US trade war
Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products Xi Jinping has announced a plan to counter China’s continuing economic problems and the impact of the US trade war, as reports swirl that it could drop tariffs on some US products, including semiconductors. Friday’s meeting of the politburo…
Pressure builds on UK finances as Reeves pushes for US trade deal
The government borrowed more than expected last year, placing more pressure on the public finances ahead of the full impact of US tariffs being felt on the UK economy. Borrowing, the difference between spending and income from taxes, was £151.9bn in the year to March, up £20.7bn from the year before. The official figures come…
China warns nations against ‘appeasing’ US in trade deals
China has warned countries against appeasing the US in trade talks over President Donald Trump’s tariffs. A Chinese commerce ministry spokesperson made the comments in response to reports that Washington plans to put pressure on governments to restrict trade with Beijing in exchange for exemptions to US import taxes. The Trump administration has started talks…
Ukraine and Russia trade blame for breaking ‘Easter truce’
Ukraine and Russia have accused each other of breaching a 30-hour “Easter truce” announced by Russian President Vladimir Putin on Saturday. Ukrainian President Volodymyr Zelensky claimed Russian troops had violated the ceasefire “more than 2,000 times” since the start of Sunday. Russia’s defence ministry said it had “repelled” assaults by Ukraine and accused Kyiv of…
Trump and Meloni talk up chances of US trade deal with Europe
Donald Trump and Giorgia Meloni talked up the chances of a trade deal between the US and Europe, as the Italian prime minister visited Washington. “There will be a trade deal, 100%,” Trump said, “but it will be a fair deal”, while Meloni said she was “sure” they could reach an agreement, later adding that…
‘Good chance’ of US-UK trade deal, says Vance
US Vice-President JD Vance said there was a “good chance” a trade deal could be reached with the UK, as the dust continues to settle from America’s global trade shakeup. “We’re certainly working very hard with Keir Starmer’s government,” Vance said in an interview on Monday with the UnHerd website. The global stock market has…
After a dramatic week, is Trump any closer to his trade goals?
Donald Trump announced a massive tariff plan last week that would have upended the global economic order as well as long-established trading relationships with America’s allies. But that plan – or at least a significant part of is – is on ice after the president suspended higher tariffs on most countries for 90 days while…
Trump steps back from cliff edge of all-out global trade war
For days, Donald Trump and his White House team had insisted they were fully committed to their decision to impose sweeping “reciprocal” tariffs on dozens of countries. They even derided a report on Tuesday that said the president was considering a 90-day pause – news that triggered a brief stock market surge. But now that…
What would a US-China trade war do to the world economy?
A full-scale trade war with China and the US is in prospect after President Donald Trump threatened to impose tariffs of more than 100% on Chinese goods imports from Wednesday 9 April. China has said it will “fight to the end” rather than capitulate to what it sees as US coercion, and has already raised…
China Tries to Downplay the Trade War’s Effects on Its Economy
Tariffs Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure. It is also censoring criticism at home. By David PiersonClaire Fu and Vivian Wang China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing…
Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal
Tariffs Analysis Free trade has been so beneficial to so many countries that the world may find a way to live without its biggest player. By Mark Landler Reporting from London President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when…
What Will Trump’s Tariffs Do to EU-China Trade Relations?
Tariffs The European Union is deepening other trade partnerships as U.S. relations sour. But with China, the relationship could get closer — or more combative. By Jeanna Smialek Reporting from Brussels President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest…
Trump describes ‘productive’ call with Mark Carney amid US-Canada trade war
US president says he and Canadian prime minister ‘agree on many things’ after first talk since Carney assumed role Donald Trump described a long-awaited call with the Canadian prime minister, Mark Carney, as “extremely productive” amid a trade war between the two nations launched by the US president. The Friday morning call, requested by the…
Mark Carney sworn in as Canadian prime minister amid US trade war
Former Bank of Canada and Bank of England governor becomes 24th PM and expected to call election soon Mark Carney has been sworn in as Canada’s 24th prime minister, capping a sudden rise to power for the former governor of the Bank of Canada and the Bank of England. Less than a week ago, Carney…
Europe Retaliates Against Trump’s Tariffs as Trade Fight Widens
Tariffs The European Union responded to American steel and aluminum tariffs with its own tariffs on boats and bourbon — and pledges of more to come. By Jeanna Smialek Reporting from Brussels European Union leaders have been clear that they want to negotiate with the United States on trade to avoid a full-blown conflict. But…
Trump raises Canadian steel and aluminum tariffs to 50% as trade war escalates
President cites Ontario’s recent imposition of 25% surcharge on electricity exports to US as reason for doubling duties Donald Trump has announced he is doubling tariffs on Canadian steel and aluminum from 25% to 50% as a retaliation for the province of Ontario’s imposition of a 25% surcharge on electricity exports to several US states,…
Farmers strongly back Trump. A new trade war could test their loyalty
By Scott Neuman Travis Zook grows corn, raises cattle and owns a seed dealership and farm service business in northeast Indiana. He exemplifies some of the mixed emotions that many farmers have when it comes to President Trump. Like more than 75% of voters in rural, farm-dependent counties, the 44-year-old farmer says he cast his…
UK-US trade deal could mean tariffs ‘not necessary’, says Trump
A trade deal between the US and UK could happen “very quickly”, President Donald Trump said at a joint press conference with Sir Keir Starmer. Speaking during the prime minister’s visit to the White House, Trump envisaged “a real trade deal” which could see the UK avoid the kind of tariffs the president has been…
Trump says he will announce raft of new trade tariffs
President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada. Trump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the US,…
Trump’s trade war with neighbours is delayed – what did they all get out of it?
President Donald Trump has suspended for 30 days the hefty tariffs on Mexico and Canada that he threatened after last-minute negotiations with the two US neighbours. He can point to concessions on border and crime enforcement as a victory. But Canada’s Justin Trudeau and Mexico’s Claudia Sheinbaum also can claim political wins. A trade war…
Wall Street Journal editorial calls Trump tariffs ‘dumbest trade war in history’
Some US business leaders have reacted neutrally, while JP Morgan CEO says tariff threats can be used effectively US business leaders are offering a mixed reaction to steep trade tariffs that Donald Trump’s administration has imposed on Canada, Mexico and China, as the editorial board of the Wall Street Journal called it “the dumbest trade…
From GDP to trade, how well equipped is China’s economy for Trump 2.0? | Amy Hawkins
Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US When Donald Trump enters the White House for the second time on 20 January, the view from the Oval Office will look very different to the one he encountered in 2017. A pandemic, the war…