Category Archives: Trump tariffs

China says it will ‘fight to end’ after US said it was trying to hurt world economy

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Commerce ministry says US is ‘threatening to intimidate’ with plans for new Trump tariffs on exports

China has hit back at accusations from the US that it is trying to hurt the world economy, as the trade war between the world’s two biggest economies appeared to re-escalate, amped up by aggressive rhetoric on both sides.

China’s commerce ministry said on Tuesday that the US was “threatening to intimidate” with the prospect of new tariffs on Chinese exports, “which is not the right way to get along with China”. Its spokesperson said that China would “fight to the end” in trade talks.

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China warns US of retaliation over Trump’s 100% tariffs threat

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Beijing says it will act if US president doesn’t stand down, while investors brace for trade war turmoil

Beijing has told the US it will retaliate if Donald Trump fails to back down on his threat to impose 100% tariffs on Chinese imports as investors brace for another bout of trade war turmoil.

China’s commerce ministry blamed Washington for raising trade tensions between the two countries after Trump announced on Friday that he would impose the additional tariffs on China’s exports to the US, along with new controls on critical software, by 1 November.

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Trump threatens 100% China tariffs as Beijing restricts rare-earth exports

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President accuses China of ‘very hostile’ moves and says additional tariffs could come on 1 November ‘or sooner’

Donald Trump has threatened to impose additional US tariffs of 100% on China from next month, accusing Beijing of “very hostile” moves to restrict exports of rare earths needed for American industry.

Wall Street fell sharply after the US president reignited public tensions with the Chinese government, and raised the prospect of another acrimonious trade war between the world’s two largest economies.

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‘A fatal blow’: Italian producers fear effects of Trump’s ‘war against pasta’

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US president’s threat to impose 92% tariffs targeting major manufacturers put family-run firms in the firing line as well

“It’s a real pity,” laments Antonio Rummo of Donald Trump’s latest target in his ever-evolving tariff war: Italian pasta. Rummo is the sixth-generation grandson of the founder of Pasta Rummo, who opened a wheat mill in Benevento in southern Italy in 1846, using the family’s three horses to lug grain from the surrounding Campania region and Puglia to produce fresh pasta.

“Demand for premium pasta in the US has been growing,” says Rummo. Appreciated by consumers for a traditional processing method that guarantees it will cook to al dente perfection, sales of Pasta Rummo have been thriving.

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Brazil’s president asks US to scrap tariffs in ‘friendly’ call with Trump

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Presidents spoke on a video call as expert speculates that Haiti could be an area where the two leaders can cooperate

Brazil’s president, Luiz Inácio Lula da Silva, has urged Donald Trump to scrap tariffs on his country’s imports and sanctions against its officials, as the two men held what the Brazilian presidency called a “friendly” video call, swapping phone numbers after months of friction.

Ties between the US and Brazil have nosedived as a result of Trump’s campaign to pressure Brazilian authorities into abandoning the coup trial of his far-right ally, Jair Bolsonaro.

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Trump jokingly asked Rolex executives if tariffs prompted US Open invite, CEO says

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Rolex CEO stressed US president’s remarks were made ‘in jest’ in letter to Elizabeth Warren, who had raised concerns

Donald Trump asked Rolex executives if he would have been invited to watch this month’s US Open final from the luxury watchmaker’s VIP box had he imposed steep tariffs on Swiss exports weeks earlier.

The US president’s remarks were made “in jest”, stressed Jean-Frederic Dufour, the Rolex CEO, in a letter to Elizabeth Warren, the US senator who had raised questions about the decision to invite Trump – including whether the conglomerate was seeking to “curry favor” with the administration.

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Trump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinets

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President announces 100% tariffs on imported branded drugs, 25% on heavy-duty trucks and 50% on cabinets

Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariffs on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets.

The US president also said he would start charging a 50% tariff on bathroom vanities and a 30% tariff on upholstered furniture next week, with all the new duties to take effect from 1 October.

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Trump says he believes Ukraine can regain all land lost to Russia since 2022 invasion

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US president claims Russia is in ‘big economic trouble’ as he calls for Nato countries to stop imports of Russian oil

Donald Trump has said he believes Ukraine can regain all the land that it has lost since the 2022 Russian invasion in one of the strongest statements of support he has given Kyiv.

The US president delivered his upbeat assessment by claiming Russia was in big economic trouble in a post on Truth Social after meeting the Ukrainian president, Volodymyr Zelenskyy, in New York.

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Assisted dying bill gets second reading in Lords, but with peers also setting up select committee to review it – as it happened

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Committee to conclude review of bill by 7 November. This live blog is closed

The UK is preparing to recognise the state of Palestine imminently, after Israel failed to meet conditions that would have postponed the historic step, including a ceasefire in Gaza, Patrick Wintour reports.

YouGov has relased polling today suggesting that Britons are in favour of this by more than two to one, although a large minority of people do not have a view.

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Starmer has avoided state-visit bear traps but has he changed any of Trump’s thinking?

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PM cannot afford for US president to walk away from Ukraine crisis and must persuade him to publicly support specific Gaza plans

With bear traps avoided and fireworks unlit, Keir Starmer will be delighted that his press conference with Donald Trump lent credence to his claim to be America’s first partner in defence, trade and now technology.

Trump, for his part, got the “great pictures” he wanted and was on his best low-wattage behaviour. He said he did not disagree with his host about much, save Starmer’s plan to recognise a Palestinian state. And he teetered on the edge of being diplomatic, at least until he advised Starmer to use the military to stop small boats crossing the Channel.

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Majority in EU’s biggest states believes bloc ‘sold out’ in US tariff deal, poll finds

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Average of 77% of respondents across five countries thought agreement would benefit US economy above all

A majority of people across the EU’s five biggest member states believe the European Commission sold citizens out when negotiating a “humiliating” tariff deal with Donald Trump that “benefits the US” far more than Europe, a survey has shown.

The poll, by Cluster17 for the European affairs debate platform Le Grand Continent, found 77% of respondents – ranging from 89% in France to 50% in Poland – thought the deal would benefit above all the US economy, with only 2% believing it would benefit Europe’s.

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US treasury secretary denies Trump tariffs are tax on Americans

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Billionaire Scott Bessent dismisses concerns about president’s levies and predicts ‘acceleration’ in US economy

US treasury secretary Scott Bessent has refused to acknowledge that the sweeping trade tariffs imposed by Donald Trump around the world are taxes on Americans.

In a new interview on Sunday with NBC host Kristen Welker, Bessent, a former billionaire hedge fund manager, dismissed concerns from major American companies including John Deere, Nike and Black and Decker who have all said that Trump’s tariffs policy will cost them billions of dollars annually.

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Postal traffic into US plunges by more than 80% after Trump ends exemption

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Dozens of operators have suspended service to the US until a solution is implemented on parcels worth $800 or less

Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday.

The Universal Postal Union says it has started rolling out new measures that can help postal operators around the world calculate and collect duties, or taxes, after the US eliminated the so-called “de minimis exemption” for lower-value parcels.

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Canada’s Mark Carney signals austerity measures as government shifts focus from Trump to economy

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Prime minister cautions Canadians as Ottawa moves to curb spending to balance near-record military expenditures

Mark Carney has told Canadians to prepare for austerity measures and his finance minister warned of “tough choices” in the coming months, as the government attempts to balance near-record defence spending, cuts to government programs and a trade war with the United States.

Carney, the former central banker and economist turned politician, has been meeting senior ministers before the fall budget, and hinted cuts were coming to the federal bureaucracy.

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Trump asks US supreme court to overturn trade tariffs ruling

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Move follows federal appeals court decision that sweeping ‘liberation day’ levies on imports had overstepped presidential powers

Donald Trump has asked the US supreme court to overturn a lower court decision that most of his sweeping trade tariffs were illegal.

The US president filed a petition late on Wednesday to ask for a review of last week’s federal appeals court ruling in Washington DC, which centred on his “liberation day” border taxes introduced on 2 April, which imposed levies of between 10% and 50% on most US imports, sending shock waves through global trade and markets.

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Modi’s warm meeting with Xi shows impact of Trump’s ‘tariff tantrum’

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China seizes on opportunity for geopolitical realignment after India was hit with one of US’s harshest trade penalties

They stood together like old friends, heads thrown back in jovial laughter, clutching one another’s hands affectionately. Except this was no ordinary gathering of three men, but a meeting of three of the most powerful non-western leaders: Vladimir Putin, Xi Jinping and Narendra Modi.

The overt displays of intimacy were widely regarded by observers as a telling message of defiance aimed at their western counterparts, in particular Donald Trump, who just a few days earlier had slapped India with 50% import tariffs, among the harshest of the US president’s trade penalties.

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Trump threatens tariffs on countries that ‘discriminate’ against US tech

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Levies and restrictions could hit UK’s digital services tax and EU states such as France, Italy and Spain

Donald Trump has threatened to impose tariffs and export restrictions on countries whose taxes, legislation and regulations target US big tech companies such as Google, Meta, Amazon and Apple.

In a post on his social media platform, Truth Social, the US president said: “Digital taxes, legislation, rules or regulations are all designed to harm, or discriminate against, American technology.”

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Canada to drop counter-tariffs on some US goods one day after call with Trump

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Mark Carney says change will go into effect on 1 September but tariffs on steel, aluminum and autos will remain

Canada will drop its counter-tariffs on some American goods in the coming days, Mark Carney has said, as the country’s prime minister looks to end a protracted trade war with longtime ally the United States.

From 1 September, the Canadian government will remove some levies on US goods that comply with the North American free-trade pact, a move meant to “match” how the White House treated Canadian goods. Levies on steel, aluminum and autos will remain in place.

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Trump’s tariffs replace diplomacy as other US tools of statecraft are discarded

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Measures meant to rebalance America’s economy are wielded instead against the likes of Canada, India and Brazil ‘to compel loyalty to the president’

On the campaign trail, Donald Trump pledged to use tariffs to revitalise American industry, bringing jobs home and helping to make America great again. But more than six months into his administration, experts say the president’s trade war is increasingly being wielded as a political cudgel, in lieu of more traditional forms of diplomacy.

The president’s current target, India, has been unable to reach a trade agreement, and Trump appears ready to follow through with his threat to impose a further 25% tariff on Delhi – bringing the total to 50% – the joint highest levy on any country, along with Brazil.

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Trump hiked tariffs on US imports. Now he’s looking at exports – sparking fears of ‘dangerous precedent’

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Experts warn of destabilized trading relations after White House strikes deal with Nvidia to take a 15% cut of certain AI chip sales to Chinese companies

Apple CEO Tim Cook visited the White House bearing an unusual gift. “This box was made in California,” Cook reassured his audience in the Oval Office this month, as he took off the lid.

Inside was a glass plaque, engraved for its recipient, and a slab for the plaque to sit on. “The base was made in Utah, and is 24-karat gold,” said Cook.

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