Thailand, Vietnam and other countries in the region face much higher tariffs on exports with Chinese-made components. But questions remain on how the U.S. defines a locally made product.
Category: International Trade and World Market
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Japan’s Auto Giants Are Expecting Pain Despite Trump Trade Deal
Toyota, Honda and Nissan forecast big hits to their profits despite a trade deal that cut auto levies to 15 percent. The reduced rate has yet to be implemented.
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China’s Exports Surged in July as Companies Raced to Beat Trump Tariffs
China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as much to the United States as it buys.
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Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
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What Happened to India Becoming the Next China?
With threats of tariffs up to 50 percent, President Trump seems to be scrapping America’s plan to turn India into a counterweight to China, declaring instead that it was a “dead economy.”
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Trump to Double India’s Tariff to 50% Over Russian Oil Purchases
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
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Bolsonaro House Arrest Casts Shadow Over Brazil-U.S. Trade Talks
The Brazilian Supreme Court justice’s order could complicate efforts to negotiate over President Trump’s punishing tariffs, set to go into effect this week.
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Does Japan Want American Cars? Trump’s Push to Open Foreign Markets Faces Test.
President Trump is celebrating deals that lower trade barriers on American staples like cars. Experts question how much of an effect this will have.
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U.S. Imports Slid in June on Higher Tariffs
Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods.
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Switzerland Rushes to Give Trump ‘More Attractive’ Offer to Cut Tariffs
The Swiss government said it had “no indication” the country would be hit with a 39 percent tariff, which is set to take effect this week.
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Trump Lures Foreign Investment With a Familiar Pitch: Show Me the Money
President Trump is using an “Art of the Deal” approach to get trading partners to hand over cash to lower their tariffs.