When Trump visited Scotland in July, he said a reduction in his tariffs on U.K. steel and aluminum would come “pretty soon.” But five months after the May deal was signed, the U.K. is still lobbying U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick to get the White House to put those quotas…
For much of 2025, the Trump administration’s wide-ranging tariffs defied forecasts that the import duties would drive up inflation. But that reprieve appears to be over, with economic data this week showing the tariffs are now pushing prices higher. The Consumer Price Index in August rose at a rate of 2.9% from a year ago, accelerating…
A recent discussion paper floated by the Danish presidency of the Council of the EU, seen by POLITICO, explored whether capitals would be open to imposing tariffs on Moscow as part of the bloc’s 19th sanctions package. That idea, according to several diplomats briefed on the talks, won little traction among ministers when it was…
Mexican President Claudia Sheinbaum says her government is in contact with the embassies of China and South Korea to explain Mexico’s plans, which she argued seek to strengthen the Mexican economy. (Stephania Corpi/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Mexican President Claudia Sheinbaum defended her push to slap new tariffs…
The Mexican government is planning a major increase in import tariffs on Chinese cars, steel, and textiles. The jump could rise to 50% among 1,371 categories. Tariffs will increase from the current 15-20% to 50% for Chinese cars and autoparts. While steel, textiles, footwear and more will see new or increased tariffs ranging from 10%…
The European Union is very unlikely to impose tariffs on India or China, the main buyers of Russian oil, despite US President Donald Trump’s request, news agency Reuters reported, citing people aware of the development. This week, an EU delegation, including the EU’s Russia sanctions chief, travelled to Washington to discuss how the two sides…
China now has two ways to sell electric cars in the Chile EV market without an import tax. Besides the China–Chile trade deal, Chile said EVs (electric vehicles) made in Indonesia can also enter at 0% under IC-CEPA (Indonesia–Chile Comprehensive Economic Partnership Agreement). After Santiago’s nod, Indonesia’s carmakers’ group says … Source link
The European Union is unlikely to follow US President Donald Trump’s call to introduce “100% tariffs” on India and China over their purchases of Russian oil, Reuters reported, citing EU officials. According to Reuters, President Trump pressed the EU to consider duties of up to 100% on India and China to increase pressure on Russian…
Today’s ESG Updates Trump Pressures EU on Tariffs to Squeeze Russia: Trump urged the EU to impose tariffs on China and India to economically weaken Russia. Von der Leyen to Set EU Agenda Amid Trade Deal Criticism: The EU Commission President will outline priorities after backlash over a U.S.-EU trade deal criticized. Hybrid Cars Fail…
Manufacturers in the U.S. are cutting thousands of jobs even as President Trump pushes economic policies that he says will revitalize the industry. Employers shed 12,000 manufacturing jobs in August, while payrolls in the sector have shrunk by 42,000 since April, according to a new analysis from the Center for American Progress (CAP) that draws on government labor…