Los Angeles/ Berlins/ Athens: US President Donald Trump’s new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout. The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US … Read more
Washington: US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other’s economies in an escalating trade war. Beijing said it was imposing levies on imports of US energy, vehicles and equipment in a return salvo minutes after Trump’s threatened tariffs … Read more
Washington: The trade tensions between the US and China have escalated significantly, with China imposing counter-tariffs on US imports in response to President Donald Trump’s 10% tariff on Chinese goods. This move has reignited the trade war between the world’s two largest economies, with China’s Finance Ministry stating that the US tariffs violate World Trade … Read more
Donald Trump has followed through on his promise to wield the United States’s vast economic weight to hit back at China for its alleged unfair trade practices and role in America’s deadly fentanyl crisis. The president said Saturday that Chinese exports to the United States would be subject to an additional 10 percent tariff in … Read more