Tariffs

Trump’s Second Term: A Tariff War With China Could Be Imminent

As Donald Trump returns to the White House, his second term poses a significant challenge for China, with the potential for renewed tensions over tariffs, Taiwan, and technology. Here’s a breakdown of what’s at stake for US-China relations under Trump’s leadership. Looming Tariff War: A New Economic Battle? One of...

IMF’s Gita Gopinath Warns ‘Potential’ Global Trade War Could Slash World Economy by 7%

The International Monetary Fund (IMF) has issued a stark warning regarding the possible economic fallout of a global trade war. According to IMF Deputy Managing Director Gita Gopinath, the world economy could contract by up to 7%, an economic loss equivalent to the combined economies of France and Germany, if...

China Imposes Tariffs on European Brandy, Sparking Trade Dispute with the EU

China has introduced new taxes on imports of European brandy, a move France views as retaliation for the European Union's (EU) recent decision to impose heavy tariffs on Chinese-made electric vehicles (EVs). The European Commission criticized China's move, labeling it an "abuse" of trade defense measures and promising to challenge...

Canada To Impose 100% Tariff On Chinese-Made Electric Vehicles: Trudeau

Canadian Prime Minister Justin Trudeau has announced that Canada will introduce higher tariffs on Chinese-made electric vehicles (EVs) and Chinese steel, as reported by Canada-based Global News. He made the announcement while speaking to reporters in Halifax on Monday. During the Liberal cabinet retreat, Trudeau stated, "Shortly, we will be...

Biden Administration to Unveil New Tariffs on Chinese Electric Vehicles and Goods, Amid Growing Trade Tensions

The Biden administration is preparing to announce fresh tariffs on Chinese electric vehicles and other goods as part of its efforts to safeguard America's emerging clean energy sector from an influx of low-cost imports from China, sources close to the project revealed. This announcement presses on President Biden's commitment towards...