カテゴリー: Tariffs
Likened to a ‘trade embargo’ and an ‘earthquake’, it could cut exports from affected sectors by as much as 70%Donald Trump’s tariffs of 50% have come into force on most US imports from India. The US president followed through on his threat to punish on…
White House denies suggestions resort in Vietnam presents conflict of interest amid row over compensation ratesVillagers whose farms in Vietnam will be bulldozed to make way for a $1.5bn golf resort backed by the Trump family have reportedly been offer…
Foreign ministry calls 50% levy ‘unjustified and unreasonable’ and accuses US of double standardsThe Indian prime minister, Narendra Modi, has said he is ready to “pay a very heavy price” for resisting US attempts to dictate the country’s trade policie…
No pause on Russian imports by Indian oil firms who base decisions on ‘price, grade of crude, logistics and economic factors’Indian oil refineries will continue to buy oil from Russia, officials have said, before threatened US sanctions next week again…
‘Terrible fuel efficiency, no right-hand drive’: why trade deal won’t warm up Japan to American cars
Few vehicles like the Ford F-150 pick-up make it to Japan – as well as being made for the wrong side of the road, they are seen as too big and unreliableDonald Trump has declared that Japan is opening up its domestic market to US cars as part of the bi…
Tokyo’s failure to secure a US trade deal sooner had caused political uproar and economic uncertainty in Japan, with prime minister Ishiba reportedly considering his futureDonald Trump has announced a trade deal with Japan, potentially resolving weeks …
Min Aung Hlaing expresses ‘sincere appreciation’ for letter from US president threatening 40% tariffMyanmar’s military leader has praised Donald Trump and asked him to lift sanctions, as the junta sought to capitalise on a tariff letter from the US pre…
US exports account for third of Vietnam’s GDP and 40% tariff on so-called transshipments – products with Chinese input – means uncertainty for manufacturersAs news spread that Vietnam would become just the second nation to reach an initial tariff agree…
Japanese negotiators have just days before the end of Trump’s 90-day pause on punishing tariffs to pull off a breakthroughIt all seemed to be going so well. In April, Japan’s chief trade negotiator, Ryosei Akazawa, sat opposite Donald Trump in the Oval…
South Korea’s new president made the comments as he was inaugurated after winning the electionSouth Korea’s new president, Lee Jae-myung, has warned that rapid changes in the global order and rising protectionism pose a threat to his country’s survival…
Beijing says it will safeguard its interests after Donald Trump claimed it had ‘totally violated’ agreementBusiness live – latest updatesChina has accused the US of “seriously violating” the fragile US-China detente that has been in place for less than…
President wipes about $70bn off Apple shares as he raises pressure on company to build smartphones in USBusiness live – latest updatesDonald Trump has threatened to impose a 25% tariff on iPhones if they are not made in the United States, as he stepped…
President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to IndiaDonald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from In…
State media editorial says talks mark ‘step toward resolving differences’ but Xi again criticises US ‘bullying’A 90-day pause in the US-China tariff war has been cautiously welcomed in China but tensions remain high, with Xi Jinping again accusing the …
World Trade Organization hails ‘constructive step’ as senior figures come together to discuss tariffsSenior US and Chinese officials held talks early on Saturday in Geneva in a tentative first step towards defusing a trade war that is disrupting the gl…