Fruits While the large majority of apples (95 percent) and oranges (80 percent) are grown domestically, especially in the US states of Washington, California and Florida, tropical fruits like bananas (one percent domestically grown), pineapples (10 percent), and avocados (10 percent) are primarily imported from countries like Ecuador, Costa Rica and Mexico. Vegetables Similarly, the … Read more
Chinese leader’s remarks come amid renewed hopes of a trade deal between Washington and Beijing. Chinese President Xi Jinping has warned that tariffs threaten the interests of all countries amid an ongoing de facto trade embargo between China and the United States. During a meeting with Azerbaijan President Ilham Aliyev on Wednesday, Xi said trade … Read more
The latest exemptions cover imports from China in a step that aims to lessen the cost effect on US consumers. The Trump administration has exempted smartphones, computers and other electronics from its sweeping reciprocal tariffs, according to the United States Customs and Border Protection agency. The exemptions published late on Friday will cover various electronic … Read more
Asia’s emerging nations squeezed by Trump tariffs and China’s retaliation Financial Times Trump’s tariffs are a huge blow to Vietnam’s economic ambitions BBC Southeast Asia, With Little Leverage, Seeks to Placate Trump on Trade The New York Times Malaysia cbank says U.S. tariffs will have impact but economy is diversified Reuters ASEAN criticizes U.S. over tariffs but vows no … Read more
Globalisation has become the driver of international trade, giving both rich and poorer countries a stake in world business.Then came US President Donald Trump’s tariffs. Could they torpedo globalisation? And what would that mean? Presenter: James Bays Guests:Shirley Yu – senior visiting fellow at the London School of EconomicsMelanie Brusseler – US programme Director at … Read more
Donald Trump insists tariffs will bring an economic boom to the US. But the measures may lead to a global trade war. President Donald Trump’s decision to impose sweeping tariffs on nearly everything the United States imports could redraw the global economic order. They include a baseline duty of 10 percent on imports and larger … Read more
US President Donald Trump won’t relent on tariffs despite global criticism. There’s turmoil in markets and the financial world as shock waves from US President Donald Trump’s tariffs continue. But despite the widespread alarm, Trump is sticking to his plans. So what’s happening – and what does it mean for people worldwide? Presenter: Adrian Finighan … Read more
The nation that the Trump administration slapped with the heftiest tariff this week is a small, rural, landlocked country in southern Africa that is among the world’s poorest. Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were … Read more
Beijing hits back with its own set of tariffs on all US goods after Trump’s latest levies. China has announced tariffs on US products in response to new levies imposed on Chinese goods by US President Donald Trump. Beijing unveiled a 34-percent tariff on all US goods and restrictions on exports of rare earth minerals. … Read more
There are angry reactions from world leaders as the US announces tariffs on all imports. United States President Donald Trump has called it “Liberation Day”, but world leaders say his new round of tariffs is likely to trigger a global trade war. The White House announced the tariff rates will vary depending on the country, … Read more