The U.S. Supreme Court left intact President Donald Trump’s 25% tariffs on imported steel products, rejecting an industry trade group challenge that sought to strip the president of a powerful legal tool for imposing duties.
June 22, 2020GovernmentBusinessTechnology
Mnuchin Leverages Auto Tariff Threats Against Digital Taxes
U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if an issue with France's technology companies tax isn't resolved.
January 22, 2020GovernmentBusiness
US Won’t Cut More China Tariffs Until After November Vote
Existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the presidential election Nov. 3, and any move to reduce them will hinge on Beijing’s compliance with the terms of a phase-one trade accord, people familiar with the matter said.
January 14, 2020GovernmentBusiness
NRF Report Points to Tariffs as Key Reason for Port Slowdown
U.S. import container volumes are expected to show a nearly 1% drop when the final numbers for 2019 are in, the National Retail Federation and Hackett Associates said.
January 13, 2020GovernmentBusinessFuel
Two Federal Studies Say Trade War With China Is Damaging US Economy
Even as the Trump administration is set to sign phase one of the trade agreement with China, consumers and American businesses continue to feel the impact of the U.S.-China trade war.
January 9, 2020GovernmentBusiness
China Announces Tariff Cuts, More Competition in Markets
BEIJING — China will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development.
December 23, 2019GovernmentBusiness
Trump Approves U.S.-China Trade Deal to Halt Dec. 15 Tariffs
President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter.
December 12, 2019GovernmentBusiness
What Happens to Markets if US Tariffs on China Kick in Dec. 15
President Donald Trump’s latest missives on trade are a wake-up call to markets close to record highs that a major deadline is looming with China.
December 3, 2019GovernmentBusiness
European Commission President: US Auto Tariffs Not Expected
BERLIN — Outgoing European Commission President Jean-Claude Juncker says he does not think U.S. President Donald Trump will impose new tariffs targeting European automobiles.
November 8, 2019GovernmentBusiness
China Ties Agriculture Binge to Trump Reducing US Tariffs
Beijing wants a rollback in tariffs in its trade war with the U.S. before China can feasibly agree to buy as much as $50 billion of American agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said.
October 15, 2019