After China criticized a proposed tariff hike on car imports from Asian countries that would have considerable impact on China, President Claudia Sheinbaum said her administration would seek to address the Asian giant’s concerns. However, the president pushed back on the Chinese Foreign Affairs Ministry’s accusation that the announced tariffs were “taken under coercion to…
In keeping with a key objective of its Plan México economic initiative, the Mexican government intends to increase tariffs on Chinese imports, the Bloomberg news agency reported on Wednesday. Bloomberg said that the Mexican government “plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from…
U.S. President Donald Trump and Chinese leader Xi Jinping are set soon to hold a high-stakes phone call on the tit-for-tat tariffs each has imposed on the other country’s exports. Trump’s new 10% tariff on Chinese goods took effect at midnight Monday, with China quickly announcing it would impose 15% tariffs on U.S. coal and…
Local business owners in the Susquehanna Valley say they’re keeping a close eye on potential tariffs amid now-delayed efforts to implement the measures on Canadian and Mexican imports.Because many businesses use imported products as part of the services and products they sell and serve, some proprietors on Monday said they were already dealing with inflated…
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…
President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social,…