Tag: tariff

BUSINESS

Canada Hits Back At Trump’s Aluminum Tariffs

Following a 10 % tariff on some Canadian aluminum products by President Trump, Canada has hit back with an announced $2.7bn tax on U.S. aluminum products. Canada and the U.S. reached a deal last year to lift tariffs on steel and aluminum imports. However, President Trump reintroduced the tariff in the latter of this week, claiming U.S. industry protection. Speaking […]

BUSINESS

China Set To Hit Back At Trump’s Trade Tariffs

Following President Trump’s announcement of fresh tariffs of 10 percent on another $300 billion of Chinese products from September 1, Beijing has vowed to retaliate. Chinese foreign ministry spokeswoman Hua Chunying called Trump’s move a “serious violation” and warned Beijing would have to take “necessary countermeasures” if the tariffs were imposed. “We don’t want to fight, but we are not […]

NEWS

China – U.S. — Talks About Talks?

Amidst threat from Washington to increase tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent, a low-level meeting between a Chinese delegation led by Vice Minister of Commerce Wang Shouwen and U.S. representatives Under Secretary of Treasury for International Affairs David Malpass is scheduled for later this month. This comes against the background of earlier […]