Reuters | April 11, 2025 | International Trade
Sweeping tariffs on imports imposed by U.S. President Donald Trump and countermeasures could have a "catastrophic" impact on developing countries, hitting even
President Xi Jinping told Spain's prime minister on Friday that China and the European Union must join together in defending globalization and opposing "unilateral acts of bullying", in a clear swipe at U.S. President Donald Trump's tariff policies.
South Korea's top trade envoy said on Friday his U.S. counterpart signaled a willingness to reach a deal over tariffs and that Seoul will negotiate in the best interests of the
Reuters | April 10, 2025 | International Trade
President Donald Trump's sudden about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.
Reuters | April 10, 2025 | International Trade | Commodity
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.
German automaker BMW is considering adding shifts to its Spartanburg plant in South Carolina to boost output by up to 80,000 units, executives said on an analyst call on Thursday, as carmakers brainstorm ways to appease the Trump administration and ward off a mounting trade war.
U.S. Steel and Nippon Steel are working closely with the Trump administration "to secure a significant investment," U.S. Steel said on Thursday, after remarks from President Donald Trump dimmed hopes for a greenlight of the companies' long-sought tie-up.
U.S. President Donald Trump's rollback of some of the steep tariffs he has imposed has done little to lower the average import duty rate from the elevated levels to which his wave of levies had driven them, researchers from Yale University said on Thursday.
The European Union and China have begun negotiations on the abolition of EU tariffs on imports of Chinese electric cars, German newspaper Handelsblatt reported on Thursday.
U.S. President Donald Trump's stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday, even as he ratcheted up a trade war with China.
China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump's escalation of U.S. tariffs on imported Chinese goods, though analysts say the impact is likely to be minimal.
The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trump lowered some of the duties in a stunning reversal.
Shares of U.S. Steel plunged 11% in premarket trading on Thursday after U.S. President Donald Trump - in a contradiction from previous White House actions - said on Wednesday that he does not want the steel producer to go to Japan, suggesting he does not support Nippon Steel's $14 billion bid.
Reuters | April 09, 2025 | International Trade | Commodity
Mexican officials are scrambling to come up with a plan to increase the amount of water the country sends to the United States because of growing concern that President Donald Trump could drag a dispute over an 81-year-old water treaty into trade negotiations, according to three sources familiar with the matter.
Reuters | April 09, 2025 | International Trade
China and the European Union announced new trade barriers on U.S. goods on Wednesday in response to steep duties imposed by U.S. President Donald Trump, escalating a global trade war that has hammered markets and raised the likelihood of recession.
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