The Trump administration is in a standoff with the Chinese government as trade tensions escalate, leaving U.S. businesses in the cross hairs
Category: United States International Relations
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EU Countries Go on Tariff Defense
The uncertainty of higher tariffs has spurred Germany, Italy, Portugal and Spain to announce financial lifelines for businesses and workers. More countries are expected to follow.
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Canada Will Use Its Retaliatory Tariff Earnings to Aid Workers and Businesses
But exactly what the country will do remains unclear and the scale of the current disruption makes decision-making difficult.
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Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
The president also further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
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E.U. Officials Set to Vote Today on First Retaliatory Tariffs
The European Union is poised to approve a plan to hit back at President Trump’s steel and aluminum levies. Further measures could come next.
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Panama Official Accuses Hong Kong Port Operator of Misconduct
The controller general of Panama said CK Hutchison, a Hong Kong conglomerate, did not properly renew its license to operate two ports that are part of a $19 billion deal involving BlackRock.
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American Whiskey Distillers Brace for Trump’s 2nd Trade War
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
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Global Leaders Rush to Woo Trump, Hoping to Sway Him on Tariffs
Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.
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Trump Threatens Huge Tariffs on China in Response to Its Retaliation
The president said he would counter Beijing’s tariffs — which came in response to Mr. Trump’s own levies — with even more tariffs on Chinese imports.
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Europe Is Ready to Make Its First Countermove to Trump Tariffs
European Union officials will vet and vote on a list of retaliatory tariffs this week, while contemplating what comes next.
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China Tries to Downplay the Trade War’s Effects on Its Economy
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure. It is also censoring criticism at home.