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Tags : tariffs


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China announces 34pc reciprocal tariffs on US goods

China announced 34 per cent tariffs on US imports on Friday, the first major economy to fire back against president Donald Trump’s swingeing new levies in an escalating global trade war that sent markets deep into the red.

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Trump tariffs threaten Japan auto sector

Business was already tough for auto parts maker Asahi Tekko, but with US car tariffs due to bite this week its president has a simple message for Donald Trump: ‘Give me a break.’...

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EU tariffs not a deterrent, says Chinese EV maker XPeng

Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a ‘large economic impact’ but will not deter the firm’s plans to tap European markets...

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China, EU vow steps against US steel tariffs

China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs, moving Washington closer to an all-out trade war with two major partners...

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Trump says US auto tariffs to be about 25 per cent

US president Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 per cent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors...

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Japan seeks exemption from US steel tariffs

Japan asked the United States on Wednesday to be exempt from President Donald Trump’s tariffs on steel and aluminium exports, Tokyo’s top government spokesman said...

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Shein, Temu face cost of adapting to new US customs rules

US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say...

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US tariffs on Canada, Mexico, China spark retaliation threats

President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a ‘major threat’ from illegal immigration and drugs — a move that sparked promises of retaliation...

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Trump names Scott Bessent as Treasury chief

US president-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs...