President Trump has big ambitions for the global trading system and is using tariffs to try to rip it down and rebuild it. But the European Union is taking action after action to make sure […]
Tag: United States
Trump Has Added 145% Tariff to China, White House Clarifies
The White House on Thursday clarified that China faced a minimum tariff rate of 145 percent on all imports to the United States. A day earlier, President Trump had said that he was increasing tariffs […]
After Trump’s Tariffs Pause, the EU Takes a Moment to Reassess
European Union officials had just approved retaliatory levies of 10 to 25 percent on about $23 billion of American imports when President Trump abruptly changed tack on Wednesday, announcing that he would hit pause on […]
Oil Prices Tumble as China-U.S. Tariffs Weaken Economic Confidence
U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he would pause his reciprocal tariffs for most countries for 90 days. The […]
Delta Warns Trump’s Trade War Will Weigh on the Economy
Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. Speaking before Mr. Trump reversed many […]