Tuesday, 7 April 2020

Tag Archives: tariffs

US ‘threats’ not way to solve digital tax law dispute: France

PARIS:  France rejected a US investigation into its plans to tax internet giants which could trigger punitive tariffs, saying “threats” were not the way to resolve disputes. “Between allies, I believe we can and must resolve our differences in another way than through threats,” Economy Minister Bruno le Maire told ...

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Trump’s tariffs on $200 bn of Chinese imports kick in

WASHINGTON: Donald Trump’s threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world’s top two economies that is clouding the global outlook. The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, ...

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Trump tells Apple to make products in US to avoid China tariffs

WASHINGTON: US President Trump tweeted that Apple Inc should make products inside the United States if it wants to avoid tariffs on Chinese imports, Reuters reported. The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including ...

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China vows response if US imposes tariffs

BEIJING: China is ready to retaliate if US President Donald Trump goes ahead with a tariff hike on $200b worth of Chinese goods and is confident it can maintain “steady and healthy” economic growth. The Trump administration is poised to impose 25 percent penalties on Chinese goods in a new ...

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France says Europe united against US tariffs

AIX-EN-PROVENCE: The French government insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate. With Germany’s powerful car industry facing the threat of higher U.S. duties, Chancellor Angela Merkel said last Thursday she would back a lowering ...

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Canada hits back at US on tariffs, says it will not back down

OTTAWA: Canada struck back at the Trump administration over US steel and aluminium tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents. The announcement by Foreign Minister Chrystia Freeland marks a new low in ties between the neighbors and ...

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Russia to impose duties on American goods

Saul Loeb/AFP via Getty Images

Saul Loeb/AFP via Getty Images MOSCOW: Russia said on Tuesday it would impose import duties on U.S. road-building machinery, a measure likely to help Russian oligarch Oleg Deripaska, who was hit by US sanctions and controls Russia’s biggest maker of road-building equipment. In the latest move in the war of ...

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