Latest International trade News
Trump favors huge new tariffs. What are they, and how do they work?
WASHINGTON (AP) — Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. The former president and current Republican nominee asserts that tariffs — basically import taxes — will...
Harris is making a 'capitalist' pitch to boost the economy as Trump pushes deeper into populism
PITTSBURGH (AP) — Vice President Kamala Harris on Wednesday pledged to build an economy that is both pro-business and helps the middle class as she pushed back against Republican nominee Donald Trump ’s claims that she’s advancing “communist” ideas. The Democratic nominee...
Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions
Developing economies in Asia are forecast to grow at a 5.0% annual pace this year, helped by a strong U.S. economy and surging demand for computer chips that power artificial intelligence, the Asian Development Bank said in a report Wednesday. The forecast was revised upward slightly...
Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan
SAVANNAH, Ga. (AP) — Donald Trump on Tuesday pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs to boost auto manufacturing — despite warnings that domestic consumers would pay more and a lack of...
Biden is taking on cheap products from China. It could mean higher prices
WASHINGTON (AP) — The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that could trigger higher prices for U.S. consumers who flock to popular shopping sites like Temu and Shein. ...
European business confidence in China is at an all-time low, report says
HONG KONG (AP) — China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday. With “business confidence now at an all-time low” over lagging domestic...
Trump suggests tariffs can help solve rising child care costs in a major economic speech
NEW YORK (AP) — Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. The GOP presidential nominee promised to lead what...
Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy
WASHINGTON (AP) — Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it's not worth worrying about budget deficits. In short, he's hoping that most economic analyses of his ideas are dead wrong. ...
China accuses Canada of protectionism over 100% tariffs on electric vehicles
BEIJING (AP) — China on Tuesday accused Canada of protectionism after Prime Minister Justin Trudeau's government imposed a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. duties on Chinese EVs. The Chinese Commerce Ministry said the tariffs would disrupt the...
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US
TORONTO (AP) — Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China's subsidies that give its industry an unfair advantage. The announcement came after...
