• US tariffs will make Scotch whisky and French wine more expensive for Americans

    Americans will soon pay more for Scotch and Irish whiskies, Parmesan cheese and French wine after the Trump administration said it would impose tariffs on $7.5 billion worth of European goods. The United States had also threatened to target pasta and leather handbags in a long-running dispute with the European Union over aircraft subsidies. Those have been spared, however. […]

  • US halts import of goods suspected to have been made with forced labor

    US Customs and Border Protection halted the import of products from five countries on Monday in a rare move aimed at countering forced labor abroad. The agency issued what is known as withhold release orders (WROs), which are intended to prevent goods suspected to have been made with forced labor from entering the US. The […]

  • China retaliates with tariffs on $75 billion of US goods

    The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry. The Ministry also announced plans […]

  • US will delay tariff hike on Chinese-made cell phones, toys

    The top US trade negotiator on Tuesday said that new tariffs on Chinese-made consumer goods including cell phones, toys and video game consoles would be delayed until December 15. The move comes after a phone call between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and top Chinese negotiator Liu He in which the parties agreed […]

  • Trump says U.S. to impose 5 percent tariff on all Mexican goods

    President Donald Trump said Thursday night that the United States would impose a 5 percent tariff on all Mexican goods starting next month, saying the sweeping tariffs would rise monthly to as high as 25 percent “until Mexico substantially stops the illegal inflow of aliens coming through its territory.” Trump has previously threatened to use […]

  • Trump aide Kudlow acknowledges U.S. consumers pay for tariffs, not China

    White House economic adviser Larry Kudlow contradicted President Donald Trump on Sunday by acknowledging that U.S. consumers end up paying for the administration’s tariffs on Chinese goods. During an interview with “Fox News Sunday,” Kudlow, who is the director of the National Economic Council, was pressed by anchor Chris Wallace about Trump’s repeated, inaccurate claim that […]

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