Tariff news
Follow RT for the latest news on the economy, including information about tariffs – a term used to describe tax on exports or imports between sovereign states. Tariffs are usually used to restrict imports and increase the price of foreign goods, services to make them less attractive to buyers. There has been much talk about the US-China trade war and Beijing’s call on Chinese enterprises to substitute American imports with those from other countries in response to US trade tariffs. Follow RT for the latest news on relations between China and the US, and information on the trade war and tariffs levied by the countries involved.
- Biden says he will keep Trump’s tariffs on China for a while
Joe Biden told a New York Times opinion columnist that he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. He intends to first review the existing US-China agreement.Dec 2, 2020 09:14Business News - Hundreds of US companies join Tesla to challenge Trump’s trade war tariffs – mediaLawsuits against the Trump administration have piled up over the last fortnight as some 3,500 American firms, including auto majors, retailers and pharmacies, were reported to challenge US tariffs on billions of Chinese goods.Sep 26, 2020 08:19Business News
- Airbus calls on EU to respond to US tariff actions as aviation industry faces ‘UNPRECEDENTED CRISIS’European plane maker Airbus said on Wednesday it regrets Washington’s decision to keep in place 15 percent tariffs on Airbus aircraft despite European Union actions to comply with World Trade Organization (WTO) rulings.Aug 13, 2020 09:40Business News
- Canada vows ‘dollar-for-dollar’ retaliation after Trump reimposes 10% tariffs on aluminumOttawa has threatened a tit-for-tat response to US protectionism after President Donald Trump slapped a 10 percent levy on Canadian aluminum imports, saying countermeasures would come “swiftly.”Aug 7, 2020 02:56Business News
- EU demands US lift tariffs ‘IMMEDIATELY’ after fulfilling WTO requirements in Airbus disputeThe European Commission has called on the US to lift “unjustified” duties on EU exports or face retaliation, after aerospace giant Airbus said it had been in full compliance with World Trade Organization (WTO) rulings.Jul 24, 2020 10:39Business News
- An offer you can't refuse? Trump slaps France with 25% tariffs, but gives it 180 days to ‘rethink’ taxing Apple, Google & othersUS President Donald Trump has imposed a 25 percent import duty on French goods in an effort to scuttle the country’s digital services tax – making it clear that Paris has several months to rethink cutting into Big Tech’s profits.Jul 11, 2020 00:57Business News
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