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…
This became apparent after the nonreciprocal concessions made to U.S. President Donald Trump on defense spending and trade, as well as Europe’s acceptance of a junior role in handling the war in Ukraine. Moreover, from Gaza to Nagorno-Karabakh, the EU’s involvement in conflicts abroad has become largely irrelevant, either due to its lack of credible…
Trade between India and the US “is a totally one-sided disaster”, President Donald Trump said at the start of the week. By weekend, he was calling Prime Minister Narendra Modi a “great PM”, vowing that the two leaders would “always” remain friends. US President Donald Trump with Prime Minister Narendra Modi(PTI File) On Friday, Trump…
President Trump has threatened to initiate Section 301 proceedings against the European Union (EU), potentially leading to new tariffs, as the bloc fined Google $3.5 billion after concluding the tech giant had breached its competition rules with its advertising technology. Newsweek contacted Google and the European Commission, the EU’s executive arm, for comment on Saturday…
US Congressman Jonathan Jackson has slammed the Trump administration’s handling of India ties, warning that steep tariffs and poor diplomacy are pushing New Delhi closer to Beijing and Moscow. Congressman Jonathan Jackson slams Trump over tariffs, says India drifting toward China, Russia.(REUTERS File) “President Trump’s reckless 50 percent tariffs on India are tantamount to a…