Trump, tariffs and Europe
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Trump, tariff and small countries
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For investors, the risk now is that the slow drip of news on tariffs leads to complacency about the damage they might cause-the Nasdaq stock index closed a record high yesterday.
The EU has reverted to offering the US tit-for-tat tariff reductions on cars, with negotiators abandoning the idea of a complex “netting mechanism” first proposed by German carmakers.
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U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States,
2don MSN
President Donald Trump says he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean.
President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.
South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats.
EV prices could go up by as much as $1,000 thanks to the Trump administration’s decision to impose a 93.5 percent tariff on graphite imports from China. Tesla lobbied against the levy, arguing that US-based graphite producers aren’t prepared to supply the essential battery material “at the quality and purity required by Tesla and other battery cell manufacturers.
But manufacturers are still racing to adapt as the trade war threatens global supply chains. What’s next as China looks to keep its economy from getting worse? Join Bloomberg’s reporters for a live discussion on July 17 at 9:30 p.