Trump, China and European Union with tariffs
US President Donald Trump said he could impose 10% tariffs on Chinese goods from February 1. China's stock markets fell after Trump's comments, breaking several straight days of gains. Trump had said he could slap tariffs of 25% on Canada and Mexico from February 1.
Markets were cautiously optmistic after Trump took a lighter approach to China on Monday. That sentiment lasted a day.
On the campaign trail, Mr Trump promised a 10 per cent to 20 per cent charge on all imported goods and 60 per cent on Chinese products. He also vowed a 25 per cent tariff on all products from Canada and Mexico, and an additional 10 per cent duty on Chinese goods.
Trump underscored his intention to use tariffs, a tax on foreign goods, as a tool of international economic policy and an increasingly vital source of government revenue.
President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.
As Donald Trump is sworn in as the 47th president, he's not expected to impose China-specific tariffs on his first day in office, signaling a strategic shift toward engagement with Beijing rather than reigniting a trade war.
A bishop asked Trump to 'have mercy' on LGBT people and immigrants - he later called her 'nasty' and a 'Trump hater'
A government memo instructs federal agencies to put diversity, equity, inclusion, and accessibility (DEIA) staff on paid leave by 17:00 local time on Wednesday.
Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump’s first full day in office amid hopes he will take a more cautious approach on trade than initially feared.
President Donald Trump said from the White House that he's looking at a 10% tariff on imports from China. He pushed Xi Jinping crack down on fentanyl.
The reports from the secretaries of commerce and treasury and the chief trade negotiator are due April 1. The United States might impose “tariffs of 25, 30, 40, 50 percent, even 100 percent” on Chinese goods if Beijing balks at a potential resolution of U.S. concerns over TikTok’s Chinese ownership, Trump said.