tariffs

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Trump Quadruples Down on China Tariff Threat

'China apparently has no intention of changing its unfair practices'

(Newser) - President Trump directed the US Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war. The tariffs, which Trump wants set at a 10% rate, would be the latest round of punitive measures in an escalating...

China Hits Back at 'Regressive Behavior' by US

Beijing putting its own penalties in place against US in response to Trump's tariff hike

(Newser) - China's government said Friday it will retaliate for President Trump's tariff hike on Chinese goods by immediately imposing penalties of the "same scale" on American goods. The Commerce Ministry said it's also scrapping deals made with Washington in talks aimed at defusing a sprawling trade dispute,...

Report: Trump Has Approved Tough New Tariffs on China

Move raises fears of trade war

(Newser) - President Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons. Trump has long vowed...

Senators Move to Mend Relations With Canada

Lawmakers from both parties act after rocky G-7 meeting

(Newser) - Senators from both parties sought to mend a frayed relationship with Canada during a closed-door meeting Wednesday with Canadian Foreign Minister Chrystia Freeland. The meeting involving members of the Senate Foreign Relations Committee followed President Donald Trump calling Canadian Prime Minister Justin Trudeau "dishonest" and "weak" after the...

As Trade Talks Heat Up, China Makes an Offer

Country offers to buy $70B in US products in first year of deal

(Newser) - China is willing to buy up nearly $70 billion in US products like soybeans, corn, natural gas, crude oil, and coal in the first year of a deal if the Trump administration forgets about its threatened trade tariffs . Extending what Business Insider calls "a massive olive branch," Chinese...

Trudeau: Mike Pence's Demand Sank NAFTA Talks

French president Emmanuel Macron says Trump tariffs are a mistake

(Newser) - Justin Trudeau says he was ready to fly to Washington to make a deal on NAFTA—until Mike Pence made a demand that he had no choice but to reject. The Canadian prime minister says the vice president told him there would have to be a "sunset clause" guaranteeing...

New Tariffs on US Allies Called 'Dangerous'

The EU, Canada, and Mexico get hit

(Newser) - The delay is over . The Trump administration is announcing tariffs on steel and aluminum imports from the European Union, Canada, and Mexico, in a move sure to raise worries of a trade war. Commerce Secretary Wilbur Ross says there will be a 25% tariff on imported steel and a 10%...

Trump to China: We're Imposing Tariffs After All

White House plans to restrict Chinese investment and limit US exports to China

(Newser) - The Trump administration has renewed its threat to place 25 percent tariffs on $50 billion of Chinese goods in retaliation for what it says are China's unfair trade practices, the AP reports. The White House also said Tuesday that it would restrict Chinese investment into the United States and...

China, Japan Slam Trump Move on Auto Tariffs

Beijing will 'firmly defend' its rights

(Newser) - On Thursday, China and Japan both condemned the Trump administration's decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. China's Commerce Ministry said Beijing would "firmly defend" its rights and interests against what it called...

Trump Delays Tariffs on EU, Canada, Mexico

Decision on steel imports will be postponed 30 days

(Newser) - The White House said Monday it would postpone a decision on imposing tariffs on US imports of steel and aluminum from the European Union, Canada, and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the US prepares for tense trade talks in China this...

China Files WTO Complaint Over Trump's Tariff Hike

Says Trump's decision on aluminum, steel violates international trade rules

(Newser) - China has filed a World Trade Organization complaint challenging President Trump's tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping's government. Trump also has threatened to increase...

White House Walks Back China Trade Penalty Threats

The administration softened its rhetoric Sunday amid fears of a trade war

(Newser) - President Trump's administration on Sunday appeared to back away somewhat from threats of tariffs on China as global fears of an escalating trade dispute continued to rattle world markets. Per the Wall Street Journal , officials noted that penalties are not imminent and that China would ultimately choose cooperation rather...

Trump Threatens China With a New $100B Hit

'This is what a trade war looks like'

(Newser) - "This is what a trade war looks like, and what we have warned against from the start," said National Retail Federation President Matthew Shay after President Trump threatened tariffs on another $100 billion in Chinese goods on Thursday. The White House says Trump has directed trade officials to...

Trade War Looms as China Hits Back at Trump Tariffs

Beijing targets 3 biggest US imports

(Newser) - China says it doesn't want a trade war—but it's not going to back down if President Trump starts one. After the Trump administration recommended new 25% tariffs on $50 billion in Chinese goods Tuesday, Beijing hit back within hours with its own proposed tariffs on 106 American...

US Proposes Tariffs on 1,300 Chinese Products

Chinese embassy in Washington condemns the move

(Newser) - The Trump administration is recommending 25% tariffs on $50 billion in Chinese imports to protest Beijing's alleged theft of American technology. The Office of the US Trade Representative has issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. But the proposed tariffs wouldn't...

Equities in 'Tailspin' as Stocks Hit the 'Trump Slump'

Not since the Great Depression have US stocks seen such a bad April slide, Bloomberg reports

(Newser) - US stocks haven't seen a second-quarter start like this in 90 years—90 years ago being the kickoff to the Great Depression. Bloomberg looked at the numbers and reports on the April slide: 2.2% for the S&P 500, a drop that hasn't been surpassed since 1929'...

Dow Drops 500 on Fears of China Trade War

Market was down 500 at midday

(Newser) - US stocks were tumbling Monday after China raised import duties on American pork, apples, and other products. The Dow Jones industrial average was down more than 500 points at noon Eastern, or about 2%, per the Wall Street Journal . The Nasdaq slumped 190 points, or 2.7%, and the S&...

China Slaps New Tariffs on 128 US Products

Beijing says it's payback for Trump tariffs

(Newser) - China has made good on its threat to retaliate for President Trump's new tariffs on steel and aluminum. Beijing says it is slapping new tariffs on 128 kinds of American products, including pork, wine, and numerous kinds of fruit, "in order to safeguard China's interests and balance...

Sen. Kaine Says Trump Is 'Lying' or 'Delusional'

Virginia senator heats up DACA blame game

(Newser) - Virginia Sen. Tim Kaine fired back at President Trump Sunday over DACA's demise, which Trump blames on Democrats. "He is either lying or he is completely delusional,” Kaine says on CNN’s State of the Union, per Politico . "If President Trump believes in DACA, all he...

China Issues a Warning on 'Trade War'

'It will only lead to serious consequences and negative impact'

(Newser) - A top Chinese official warned Sunday a "trade war" would harm all sides but gave no indication of Beijing's next move in a spiraling dispute with President Trump over steel and technology, reports the AP . Speaking to global business leaders at a development forum, Vice Premier Han Zheng...

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