The tariff between the US and China remains unsettled as US President Donald Trump on Wednesday increased the tariff on Chinese products by 125%. Within a few hours, China retaliated and implemented 84% tariff on imports from the US. China’s Foreign Ministry said that this US strategy ‘will not win the support of the…
The global economy is in a state of flux following the introduction of new tariffs by U.S. President Donald Trump and the jitters can be seen in Brazilian jet maker Embraer, which has voiced concerns citing costs of jets to be higher and even flying high along with their jets. The tariffs, which are expected…
As the global countdown begins toward the April 9 deadline for implementation of sweeping U.S. tariffs, diplomatic activity is intensifying across Asia and Latin America, with allies and trade partners scrambling to negotiate exemptions or delays. President Donald Trump’s April 2 executive order imposing “reciprocal tariffs” of up to 50% on nearly 185 countries has…
Vietnam has formally requested that the United States delay enforcement of a sweeping 46% tariff on Vietnamese exports, just days before the measure is set to take effect on Wednesday, April 9, 2025. In a bid to avert major disruptions to its export-driven economy, Hanoi has asked for a pause of at least 45 days…
Nissan has suspended all new U.S. orders for its Mexican-built Infiniti SUVs following the implementation of sweeping new U.S. auto tariffs, marking one of the first major manufacturer pullbacks triggered by President Donald Trump’s 25% levy on foreign-made cars and trucks. In a statement Thursday, the Japanese automaker confirmed it will no longer accept U.S….
As the impact of U.S. tariffs begins to ripple through the Japanese economy, Prime Minister Shigeru Ishiba has pledged to push back against the levies while rolling out emergency support for affected industries — but warned local businesses that relief may take time. Speaking before parliament on Monday, Ishiba said Tokyo will continue urging U.S….
The European Union is poised to slap retaliatory tariffs on up to $28 billion (€25 billion) worth of U.S. imports within days, escalating trade tensions with Washington following sweeping new duties from President Donald Trump. Reuters reports the bloc will target a wide range of American products — including meat, cereals, wine, wood, clothing, chewing…
China’s latest retaliatory move in the deepening trade conflict with the United States has dealt a major blow to American farmers, with soybean exports at the epicenter. The new tariffs, unveiled Friday, include sweeping 34% duties on all U.S. imports, effectively pricing out a large swath of American agricultural products from the Chinese market. Brazil,…
A recent farm show in Regina, Canada witnessed many farmers hesitant to buy new equipment like tractors and harvesters, leave alone new-tech machinery. Apparent are worries about tariffs making already expensive machines even more costly, following US-China retaliatory measures. Some of these machines, like combines, cost more than $800,000. If tariffs suddenly raise prices, farmers…
Jaguar Land Rover (JLR) has announced an immediate pause in shipments of its UK-manufactured vehicles to the United States, citing the need to reassess operations following President Donald Trump’s new 25% import tariff on cars and light trucks. The British luxury carmaker, owned by India’s Tata Motors, confirmed the move on Saturday after a report…
