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Home » TOPIC:BUSINESS-TARIFFS » Page 2
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TOPIC:BUSINESS-TARIFFS

Health

Title: Trump Raises Tariffs on Canada Over Ontario Ad

by Dr. Michael Lee – Health Editor October 26, 2025
written by Dr. Michael Lee – Health Editor

WASHINGTON, Oct 28 – Former President Donald ‍Trump has proposed a 10% tariff increase on ⁤all ⁣imports from Canada, escalating​ trade tensions with a key economic partner. The declaration came during the broadcast of a political advertisement aired nationally during the World Series game on Saturday.

The ⁢proposed tariffs, if implemented, would impact⁢ a wide range of Canadian ⁣goods entering the United states, from automobiles and lumber to agricultural ‌products and energy resources. This move follows years of trade disputes between the‌ two countries, including disagreements over softwood lumber, dairy products, and energy pipelines. The tariff ⁢hike is presented ⁣by ​Trump ​as a response to what he ⁢claims‍ are unfair trade practices by Canada and a means to bolster American manufacturing⁣ and jobs. The action⁢ raises the prospect of retaliatory measures from Canada and could disrupt billions of dollars in annual trade between the‍ two nations, ⁢potentially impacting consumers and businesses on both⁤ sides of the border.

Trump stated during a rally following the ad’s airing, “We’re going to be protecting our workers and our⁣ companies.Canada has taken advantage of us for too long, and those‍ days are ⁣over.” He did​ not specify a timeline for the implementation of the tariffs,but indicated it would be pursued if he is re-elected.

The Canadian government has yet to officially respond to⁢ the proposal, but sources within the Ministry of International Trade suggest they are prepared to defend Canadian ⁣interests ‌and consider counter-tariffs​ if necessary. Experts predict the move could further strain the U.S.-Canada relationship, ⁣which has seen periods‌ of friction in recent years. The U.S. and Canada share over $790 ​billion in annual trade,making it one of the largest trading ⁢relationships in the world.

October 26, 2025 0 comments
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World

Title: Toyota to Announce US Vehicle Imports to Japan During Trump Visit

by Lucas Fernandez – World Editor October 25, 2025
written by Lucas Fernandez – World Editor

Toyota is ⁢considering importing vehicles manufactured in the United States to sell in ‌Japan, national broadcaster NHK reported Wednesday. the move, a potential shift in the automaker’s sourcing strategy, comes as japan faces increasing pressure to reduce its trade deficit wiht the⁢ U.S. ⁢and amid ⁣ongoing discussions ⁣between ‌the two countries regarding‍ trade ⁤imbalances.

This potential reversal of conventional automotive ⁢trade flows signals a possible​ response to recent calls from Japanese officials to⁤ address the trade gap and alleviate concerns raised by the U.S. government. While details remain scarce, the imports could involve popular Toyota models currently ‍produced in American factories, impacting ‍both Japanese consumers and the broader automotive industry landscape. The move could also set a precedent⁣ for other Japanese automakers to follow suit, potentially reshaping the dynamics of vehicle trade between the two nations.

October 25, 2025 0 comments
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World

Trump seeks trade deal with Xi during Asia trip

by Lucas Fernandez – World Editor October 24, 2025
written by Lucas Fernandez – World Editor

WASHINGTON, Nov 15 – Former⁤ President Donald Trump has indicated he would pursue a trade agreement with Chinese President Xi Jinping ⁣if ‌re-elected, a‍ potential shift from the aggressive tariffs and trade war that defined his ​first term. The outreach,‌ revealed during ‍a Bloomberg ‍interview, signals a willingness to re-engage with China on economic terms despite ongoing tensions over ⁣issues like⁢ Taiwan and ⁤intellectual property.

This renewed‍ interest in ​a trade deal comes as the U.S. economy faces​ ongoing inflation ⁣and supply chain vulnerabilities, and as ‍ChinaS economic influence continues to grow globally. A ‍potential agreement could impact American businesses, consumers,⁢ and the broader geopolitical ​landscape, perhaps easing trade ⁣friction but also raising concerns about fair trade practices ⁢and ⁢national security. The move suggests Trump believes a negotiated agreement is now more advantageous than continued escalation, ​a strategy he previously championed.

Trump told Bloomberg he’s already begun thinking⁢ about potential negotiations‌ with Xi, ⁣stating, “I know him vrey well. ⁢He’s a ⁢very good man.” He added that he believes a deal could be reached “very quickly” and would be “very ⁢good for both countries.” During ⁤his presidency,Trump imposed billions ‌of dollars⁤ in tariffs on Chinese goods,prompting retaliatory measures‍ from Beijing and disrupting ​global trade flows.

The former president ‌did not detail specific terms he would seek in a new agreement, but indicated a focus on addressing the trade imbalance between the two countries. The U.S. trade deficit with China totaled $279.4 ‌billion in 2023, according to the U.S. Census Bureau.Trump’s previous administration sought concessions on issues such as‍ intellectual property theft, forced technology transfer, and​ market access for U.S.companies.

Experts suggest a renewed‍ trade push could face meaningful hurdles, including domestic political opposition and skepticism from allies concerned about China’s economic practices. Though, the possibility of a deal underscores the complex and evolving relationship between the world’s two largest economies. ⁤​ Further details ​on Trump’s proposed approach are expected as the‌ 2024 election cycle progresses.

October 24, 2025 0 comments
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World

US says India halves Russian oil imports, sources say no cuts seen

by Lucas Fernandez – World Editor October 17, 2025
written by Lucas Fernandez – World Editor

US Reports India Halves Russian Oil Imports, Despite Discrepancies

WASHINGTON/NEW ​DELHI, – the United⁣ States government has stated that ⁤India has reduced its imports of Russian oil⁢ by approximately 50% since peaking in 2022, a claim that contrasts​ with assessments ⁤from sources in ​India who report no significant decrease ⁣in ‍purchases. The differing accounts highlight ongoing scrutiny of India’s energy trade relationships amid Western pressure too isolate​ Russia following its ⁤invasion of ⁤Ukraine.

This ​development arrives as the U.S. ⁣and its​ allies continue to seek ways to diminish ⁤Russia’s​ revenue⁣ streams​ fueling ⁢its war effort. India, ‍a major consumer of energy, has maintained trade ties with ‍Russia, citing its need to secure affordable fuel​ for ⁤its growing​ economy. While ‌Western‍ nations have ​imposed sanctions ‍and embargoes, India ⁢has⁢ continued to purchase Russian crude, frequently enough at discounted rates, ⁤sparking debate over its‌ neutrality and the effectiveness of ‍international pressure campaigns.⁣ The discrepancy in ⁣reported import figures raises questions about data clarity and the methodologies used to ⁤track these shipments.

According‍ to a U.S. Treasury Department spokesperson, India’s Russian oil imports have fallen ⁣from high levels seen in 2022, but specific figures​ were not immediately provided. The⁢ spokesperson ‌emphasized the ⁣U.S. is continuing to engage with India ‌on the ​issue, encouraging diversification of energy sources.

However, sources within India’s ⁢oil industry and government, speaking​ on condition of anonymity, ⁣indicated that imports have not ⁤been ‍halved.‌ They‌ stated that while there may have been some fluctuations,‌ India continues‍ to purchase considerable volumes of Russian crude,⁣ leveraging ‌favorable pricing to meet domestic demand. One source noted⁤ that Indian refiners are​ still finding⁤ Russian oil to be economically favorable, despite logistical challenges and potential reputational risks.

India’s position is complicated by ⁣its energy security needs. As the‍ world’s third-largest ‍consumer of ‌oil,‌ India relies ‌heavily on imports to meet its‌ energy demands. Diversifying ​sources is a long-term goal,but affordability remains a key‍ factor. The ‌country has⁤ increased imports from other Middle ⁢Eastern nations and the United States,‍ but Russian oil continues to play a ‍significant role in its energy mix.

The‌ U.S. has previously ⁤expressed concerns about India’s continued​ reliance on ⁤Russian ⁣oil, warning of ​potential risks associated with sanctioned⁢ entities and⁤ circumvention of price ‌caps. The​ latest‌ U.S. assessment suggests a ‍positive shift, ​but​ the‍ conflicting‌ reports from India ⁣underscore the complexities of navigating geopolitical pressures while balancing​ economic ⁢interests. Further data and analysis will be crucial to determine the‍ true extent of any reduction in India’s Russian oil imports and its ​impact on both countries’ energy strategies.

October 17, 2025 0 comments
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Business

IMF Says Trade Resilience Driven by Lack of Retaliation on Trump Tariffs

by Priya Shah – Business Editor October 15, 2025
written by Priya Shah – Business Editor

IMF Chief Credits Absence of Tariff Retaliation for Global Growth

WASHINGTON, April 17 ‍- The global ⁢economy is benefiting from the lack ‌of widespread​ retaliatory ‍tariffs in response⁤ to former U.S. President Donald Trump‘s trade policies, ⁣International Monetary Fund (IMF) Managing Director​ Kristalina​ Georgieva said Wednesday. This⁤ restraint, despite significant trade ⁣distortions ​caused by the initial tariffs,‍ has helped prevent a⁤ deeper slowdown in global growth, she stated during​ a press ⁢conference at the IMF and⁢ World bank Spring Meetings.

Georgieva’s⁢ remarks come ⁢as global trade remains under​ pressure from geopolitical tensions and‌ supply chain disruptions, but notably avoids a full-blown trade war‌ scenario. while Trump-era tariffs on goods from countries like China remain largely in ‍place, the absence of broad-based​ retaliation from affected nations has been a ⁤crucial factor in‍ sustaining economic activity. The IMF chief emphasized that unwinding these tariffs would provide ​a further boost to​ global growth, estimating a potential increase⁣ of 0.5% to global GDP.

The IMF’s ‌latest⁤ World economic ​Outlook, ​released earlier this week, projects ⁣global growth at 3.2% ​for 2024 and 3.1% ⁣for‍ 2025 – a ⁤modest but continued expansion. Georgieva acknowledged⁢ that the global economic⁤ outlook is fragile,⁢ citing risks including persistent inflation, geopolitical ​fragmentation, and rising debt levels. However, she⁣ highlighted that the ⁤avoidance⁢ of escalating trade conflicts⁣ has been a positive⁢ force.

“The ‌fact that there was​ not a ⁣full-blown retaliation‌ to the‌ tariffs that⁤ were imposed is ​something that, in retrospect, we can be grateful for,” Georgieva said. “Because had we seen⁤ a full-scale trade war, the ‌impact on global growth would ⁣have been significantly more severe.”

The original tariffs, implemented beginning in 2018, targeted a wide range of goods, including steel, aluminum,⁤ and ⁤consumer products. While intended⁢ to⁤ protect domestic industries and reduce trade deficits, they⁣ led to increased costs for businesses and consumers ⁣and disrupted⁢ global supply chains. The Biden administration has‍ maintained many of ⁣these tariffs,⁤ while also pursuing new trade initiatives focused on⁢ strengthening relationships‌ with allies⁣ and addressing unfair trade practices.

The IMF continues to advocate for a ⁤rules-based multilateral⁣ trading system ⁢and encourages⁢ countries to resolve trade disputes through the World​ Trade Institution (WTO). ‌Georgieva’s comments underscore⁤ the importance of international cooperation in ‍navigating the complex challenges facing​ the global economy⁣ and avoiding protectionist measures that could further ​undermine growth.

October 15, 2025 0 comments
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Entertainment

Trump’s trade war: Tariff deadlines and key upcoming events

by Julia Evans – Entertainment Editor October 14, 2025
written by Julia Evans – Entertainment Editor

Trump-Era tariffs Loom as Biden Management Nears key⁣ Decision Points

WASHINGTON, ‍D.C. – A series of Trump-era tariffs on goods imported from China are approaching ​critical⁤ deadlines in the coming weeks, forcing the‌ Biden administration to decide whether to maintain the trade restrictions, escalate tensions, or‍ seek a ⁣new path forward. These​ decisions carry significant implications for American businesses,​ consumers, and the broader global economic landscape.

Implemented beginning in 2018, the tariffs‌ – imposed under Section 301 of⁣ the Trade ⁣Act of 1974 -⁢ targeted a wide range ⁢of Chinese ⁣products, from steel and aluminum to‍ consumer goods,⁣ in response‌ to allegations of intellectual property⁣ theft and unfair trade practices. ⁤while proponents argued the tariffs would incentivize china to alter its behavior and bolster U.S.manufacturing, critics contend they have largely increased costs for American companies and consumers without achieving significant changes in Chinese policy. Now, with several exemptions⁤ nearing‍ expiration and pressure mounting from various stakeholders, the Biden administration ⁢faces a pivotal ‍moment in shaping its trade‍ strategy with China.

key Dates ⁤and Sectors⁣ at⁤ Stake:

* ⁤ February 28th: Several exemptions for⁣ over‍ 350 products, originally ⁣granted in 2021⁣ and extended in 2022, are set to expire.These exemptions cover a⁢ diverse range of items, including chemicals, parts for automobiles, and certain industrial components.The expiration could lead to‍ increased costs for U.S. manufacturers reliant ⁣on these imported goods.
* March 23rd: A public hearing is scheduled ‍before the U.S. Trade Representative (USTR) to gather feedback on the potential reinstatement of ‌tariffs on approximately 37​ billion dollars worth of Chinese imports.This⁤ hearing⁢ will be crucial in informing the‌ administration’s decision-making process.
* ongoing Review: The USTR is‌ currently⁣ conducting a⁢ broader review of the Section 301 tariffs,soliciting ​comments from businesses⁣ and other interested parties. This ‌review is expected‌ to conclude‌ later this year and could result in significant changes​ to the existing tariff structure.

Impact and Considerations:

The ⁢tariffs have demonstrably ​impacted both⁢ economies. A Peterson Institute‍ for ‍International Economics analysis found that, as of November 2023, U.S. tariffs on Chinese goods cost American households $77 billion⁤ per year.‌ Meanwhile, China retaliated with its ⁢own tariffs‍ on U.S. exports, impacting American ⁢farmers and businesses.

The Biden administration is weighing several factors as it considers its next ‌steps. These include the potential for further economic disruption,the need to address ongoing concerns about China’s trade practices,and the desire to maintain a unified front​ with allies. Treasury Secretary Janet Yellen recently emphasized the importance ⁣of a “stable and constructive”⁤ relationship with​ China, while also reiterating the need for a level ⁣playing⁢ field.

“We believe that a‌ healthy U.S.-china relationship is in the world’s interest,” Yellen stated during a ‌recent ⁤visit ‍to China, “but that requires a relationship ⁤that ‌is fair and reciprocal.”

The decisions made in ‍the ⁣coming weeks will not only shape the future of U.S.-China trade⁣ relations but also⁣ signal the Biden administration’s broader approach to global trade⁤ policy. Businesses are closely monitoring the situation, bracing for potential changes that could‌ impact their supply chains and bottom lines.

October 14, 2025 0 comments
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