Tag Archives: tariff


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US outlines ‘Phase 1’ trade deal with China, suspends October t...

10 October, 2019 9:19 am 9:19 am

WASHINGTON (Reuters) – US President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed. The emerging deal, covering agriculture, currency and some aspects … Read More


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China scraps tariffs on 16 US imports ahead of trade talks

09 September, 2019 2:40 am 2:40 am

BEIJING – China has released a list of 16 US imports that will be exempted from tariffs in the ongoing trade war between the world’s two largest economies. They include anti-cancer drugs and animal feed. But with more than 5,000 products on it, the list of goods that are still subject to extra taxes is … Read More


China starts to impose additional tariffs on some US goods

09 September, 2019 9:54 am 9:54 am

BEIJING (Reuters) – China on Sunday started to impose additional tariffs on some of the US goods on a $75-billion (61 billion pounds) target list, with effect from 0401 GMT. The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from the United States. Beijing will start … Read More


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Lower your trade barriers to seal UK deal, Johnson tells Trump

08 August, 2019 3:41 am 3:41 am

BIARRITZ, France (Reuters) – Prime Minister Boris Johnson used a pre-G7 summit phone call to US President Donald Trump to demand he lower trade barriers and open up parts of the US economy to British firms, citing a wide range of markets from cars to cauliflowers. The two spoke on Friday ahead of the meeting … Read More


Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escala...

08 August, 2019 6:07 am 6:07 am

WASHINGTON/BEIJING (Reuters) – US President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. Trump’s move, announced on Twitter, came hours after China unveiled … Read More


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Apple CEO cautions Trump about China tariffs, Samsung competition

08 August, 2019 6:49 am 6:49 am

NEW JERSEY (Reuters) – President Donald Trump said on Sunday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd. Trump said Cook “made a good case” that tariffs could hurt Apple, given … Read More


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US removes some Chinese furniture, modems from planned 10% tariffs

08 August, 2019 9:56 am 9:56 am

WASHINGTON (Reuters) – The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs. The US Trade Representative’s office released a complete list of the items that were removed from $300 billion (£246.9 billion) in tariffs scheduled to go into effect on Sept. … Read More


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Asian stocks bounce in relief as Trump delays China tariffs

08 August, 2019 11:29 am 11:29 am

TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. The tariff news largely offset a raft of disappointing China data for July. The yen rose on the news about weak China’s industrial … Read More


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Apple’s AirPods will not escape Trump’s China tariffs

08 August, 2019 10:22 am 10:22 am

SAN FRANCISCO (Reuters) – Apple Inc’s AirPods, Apple Watch and HomePod, which have helped the company offset waning sales of its bestselling iPhone this year, are not included in a temporary reprieve on tariffs by the Trump administration and will face a 10% levy on Sept 1. The administration said on Tuesday that some major … Read More


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Trump defends stance on China trade after new tariffs

08 August, 2019 8:19 am 8:19 am

WASHINGTON (Reuters) – US President Donald Trump said that things are going well with China, insisting US consumers are not paying for import taxes he has imposed on goods from that country although economists say Americans are footing the bill. “Things are going along very well with China. They are paying us Tens of Billions … Read More


Apple

US tariff threat may compound Apple’s iPhone woes: BofA

08 August, 2019 3:40 am 3:40 am

(Reuters) – Tech giant Apple Inc could see a hit to its annual earnings from US President Donald Trump’s newly proposed 10% tariff on Chinese imports from Sept 1, analysts from Bank of America Merrill Lynch said on Friday. “Our back of the envelope math suggests the impact (of the new tariffs) will be roughly … Read More


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China warns of long road ahead for deal with US after ice-breaking talks

06 June, 2019 8:29 am 8:29 am

OSAKA (Reuters) – China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan. The world’s two largest economies are in the midst of a … Read More


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India to impose retaliatory tariffs on 28 US goods

06 June, 2019 12:43 pm 12:43 pm

NEW DELHI (Reuters) – India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in … Read More


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Minor clashes break out on 30th weekend of French ‘yellow vests’...

06 June, 2019 10:00 am 10:00 am

PARIS (Reuters) – Minor clashes broke out during the 30th consecutive weekend of “yellow vests” anti-government protests in France, although the numbers of demonstrators remained well below earlier peaks. French television showed a handful of protesters throwing objects at police vans in Drancy, a suburban town near northern Paris, while police also used tear gas … Read More


Britain to launch new scheme to pay households for unused renewable power

Britain to launch new scheme to pay households for unused renewable power

06 June, 2019 9:47 am 9:47 am

LONDON (Reuters) – Britain will launch a new scheme to pay households producing energy from renewable sources, such as solar panels, for their surplus electricity, the government said on Sunday. Around 800,000 homes in Britain have solar panels installed and the scheme will replace a feed-in-tariff system which ended in April. “The new smart export … Read More