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.
- US will ‘put tariffs on $11 billion of EU products’ – Trump
US President Donald Trump has vowed to impose import tariffs on $11 billion worth of goods from the European Union after the World Trade Organization (WTO) ruled EU subsidies to Airbus caused “adverse effects” to the US.Apr 9, 2019 11:40Business News - Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDPA study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy.Mar 20, 2019 14:55Business News
- Russian aluminum giant RUSAL reports 40% surge in net profit despite US tariffs & sanctionsNet income of Russia’s major aluminum producer RUSAL soared $1.698 billion in 2018, marking a significant year-on-year growth of 39 percent, the company said in its report on annual results.Mar 7, 2019 19:35Business News
- US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gapDespite the trade war against China and numerous import tariffs imposed on a number of countries, the US trade deficit hit a 10-year high of $621 billion last year, the US Commerce Department reported.Mar 7, 2019 07:12Business News
- Trump will ‘delay’ increase in tariffs on Chinese goods after ‘substantial progress’ in trade talksUS President Donald Trump has promised to extend the temporary truce in the trade war with China, claiming that talks between the sides were so “productive” that he might even meet his counterpart Xi Jinping in person soon.Feb 24, 2019 22:55Business News
- Canada working to put pressure on Trump over metals tariffs – TrudeauOttawa is cooperating with politicians and businesses in the United States to make President Donald Trump scrap tariffs on its steel and aluminum, said Canada’s Prime Minister Justin Trudeau.Jan 11, 2019 11:46Business News
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