The United States has exempted tariffs on laptops, smartphones, and other tech items in the ongoing trade war with China. This move is expected to benefit tech companies globally. Machines used to make semiconductors have also been exempted from tariffs. The decision comes as a relief for China, with the US ‘blinking first’ in the…
U.S. President Donald Trump on Friday said that 10% is a tariff floor, or pretty close, and that there could be a couple of exceptions. He also told that he thought something positive would come out with China “There could be a couple of exceptions for obvious reasons but I would say 10% is a…
A common maxim of trade wars is that the best retaliation is not to retaliate at all. Such conflicts, after all, are counterproductive in the first place. Raising levies on imports simply increases costs for domestic consumers, more than offsetting the benefits that local producers may enjoy from the higher prices they receive from the…
Donald Trump, China foreign ministry spokesman Lin Jian China on Tuesday vowed to fight “till the bitter end” if the United States continues its trade war, following Washington’s decision to double tariffs on Chinese imports. Beijing accused the US of using the fentanyl crisis as a “flimsy excuse” to justify the tariff hikes and announced…
US President Donald Trump US President Donald Trump announced sweeping new tariffs on imports from Mexico and China, a move that has triggered sharp reactions from global leaders and financial markets. The tariffs, which Trump says are aimed at protecting American workers and industries, have sparked fears of economic retaliation from affected countries.Stock markets responded…