Latest International trade News
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Trump's economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce
WASHINGTON (AP) — The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured. Speakers argued that Trump would fix inflation and...
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Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know
FRANKFURT, Germany (AP) — The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. ...
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China, EU are open to talks on plans to hike tariffs on Chinese EVs
BANGKOK (AP) — China and the European Union are open to holding talks on the EU’s recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles, officials from both sides say. China’s Commerce Ministry and Germany’s economy minister said over the...
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China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce...
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Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe
BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at Germany's BMW and Mercedes? Would it put tariffs on agricultural products,...
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The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat
BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers. The European Commission, the EU's executive arm, said it would...
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China's exports grow 7.6% in May, beating expectations despite trade tensions
HONG KONG (AP) — China’s exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released Friday. Exports jumped 7.6% in May from the same month last year to $302.35...
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Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
WASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts. Jeff...
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Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump
WASHINGTON (AP) — President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's...
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