Still, Samsung, the world’s top TV maker, will continue to watch the changing U.S. tariff policy, and depending on tariffs, it plans to allocate production accordingly across about 10 production bases around the world, said Yong Seok-woo, president of the visual display business at Samsung. Mexico largely escaped Trump’s new 10% global baseline tariff and […]
Brent Neiman, who was a US Treasury official under former president Joe Biden, co-authored a 2021 paper on the impact of tariffs on prices in the United States. The paper was cited by the US Trade Representative (USTR) in a statement released last week explaining the calculations behind the major import tariffs announced by Trump […]
Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his aggressive trade policy despite a dramatic market sell-off. Beijing — Washington’s major economic rival — responded by announcing its own 34 percent duties on US goods to come […]
The court, in an unsigned 5-4 ruling powered by conservative justices, granted the administration’s request to lift Washington-based US Judge James Boasberg’s March 15 order that had temporarily blocked the summary deportations under Trump’s invocation of the Alien Enemies Act while litigation in the case continues. Despite siding with the administration, the court’s majority placed […]
A 10 percent “baseline” tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic powers to address perceived problems with the country’s trade deficits. The trade gaps, said the White House, were driven by an “absence of reciprocity” in relationships and other policies like […]
The Trump administration has fired the head of both the National Security Agency and US Cyber Command, the BBC’s US partner CBS has reported. The removal of General Timothy Haugh comes amid what appears to be a wider purge of top security officials at the agency and at the White House. Democrats have said they […]
Trump on Wednesday announced that China would be hit with a 34% tariff, on top of the 20% he imposed earlier this year, bringing the total new levies to 54%. Advertisement · Scroll to continue Agriculture trade took another hit as Chinese customs imposed an immediate suspension on imports of sorghums from grain exporter C&D […]
The penalties announced by Trump on Wednesday triggered a plunge in world financial markets on Thursday and drew condemnation from other leaders reckoning with the end of a decades-long era of trade liberalization. But there were conflicting messages from the White House about whether the tariffs were meant to be permanent or were a tactic […]
Speaking to reporters aboard Air Force One, Trump also said that he would soon be announcing tariffs targeting the pharmaceutical industry, but declined to give any details on when or at what tariff rate. Trump told reporters that countries, including Britain, had approached the United States to try to cut deals and avert the reciprocal […]
A three-judge panel of the US Court of Appeals voted 2-1 to temporarily keep in place the ban on deportations carried out under the 1798 Alien Enemies Act (AEA). President Donald Trump sent two planeloads of alleged members of the Venezuelan gang Tren de Aragua to a prison in El Salvador on March 15 after […]
