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.
- Trump trade wars: Ford reports $1bn in lost profits as US companies feel the heat
US President Donald Trump’s tariffs are intended to help America’s iconic companies. However, Ford’s boss is not that happy about Washington’s trade duties.Business News - All US imports from China could be hit with tariffs – Goldman
There is a strong possibility that US President Donald Trump will impose tariffs on all goods coming into America from China, says investment bank Goldman Sachs.Business News - ‘We have far more bullets’: Trump threatens China with more tariffs if Beijing dares to retaliate
Donald Trump has threatened to impose even more tariffs on Chinese goods if Beijing dares to impose tit-for-tat measures in response to Washington’s latest package of levies targeting some $200 billion of Chinese exports.Business News - Economic cold war may be coming, JPMorgan warns
Tit-for-tat tariffs between the world’s two largest economies, China and the United States, may be the beginning of a prolonged economic conflict, analysts say, adding that each of the two countries pursues its own development.Business News - China to impose new tariffs on US goods worth $60 billion effective September 24
The Chinese Ministry of Commerce announced on Tuesday that the country will retaliate against Trump’s new tariffs with its own 5-10 percent levies on $60 billion of US goods. The tariffs will be kick in on September 24.Business News - Trump’s tariffs may kill farming in South Africa sooner than land confiscation
Last week, US President Donald Trump expressed deep concerns over alleged land seizures and “large-scale killing of farmers” in South Africa, and even ordered the secretary of state to closely study the issue.Business News
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