Don’t expect the Federal Reserve to rescue the US economy from the epic tariffs imposed by the Trump administration on imports from most of the world. The only question now is how bad the damage will be. The US President’s attack on free trade is truly extraordinary in its scope, scale and lack of nuance….
China is imposing new export controls on several rare earth elements and related products that are crucial components for defense and technology, and have become a focal point for US President Donald Trump. The controls announced Friday are expected to have broad impacts on US companies because the elements are used in optical lasers, radar…
(Bloomberg) — Canada’s oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers. Western Canadian Select ended Tuesday at $9.85 a barrel below West Texas Intermediate, the…
Do tariffs work, and what is Trump trying to do? It’s not advisable to try and second-guess such an unpredictable man, but his role model also presided over a high-tariff regime designed to protect domestic American industries. In his inaugural address, Trump harked back to William McKinley, the 25th US president, who was in office…
Further, there is the possibility of even more drastic measures like “reciprocal tariffs” (with the possible inclusion of foreign value added taxes) and duties on US imports of critical minerals, apart from universal tariffs on all imports. Also Read: Think win-win: India should try some mineral diplomacy in its relations with the US We are…
Trump set a frosty tone when, shortly before receiving Modi, he announced reciprocal tariffs worldwide: The US will tax foreign goods at the same rate other nations apply to its products. Also Read: Trump’s reciprocal tariffs: Time for India to rethink its trade policy This is worse than the universal levy that Trump had vowed…
President Donald Trump of the US is tearing apart the multilateral trading system with his self-confessed love of tariffs, which he seems to imagine would yield huge extra revenues extracted from trade partners. In a press conference after his talks with India’s Prime Minister Narendra Modi, he promised to levy reciprocal tariffs. Whatever duties India…
