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Business 14 May 2019 | 8:40 AM

Trump's tariffs start to look like goal and not tool for talks

WASHINGTON: US President Donald Trump has repeatedly portrayed the punitive tariffs he has imposed on China and other countries as tools to create leverage and draw them into new trade deals that benefit the U.S.

Economy 01 Mar 2018 | 10:37 PM

Trump to impose steep tariffs on steel, aluminum, stoking trade war talk

WASHINGTON: President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada as well as helping to trigger a large selloff on Wall Street.

Markets 18 Sep 2018 | 12:37 AM

US stock futures drop after Trump slaps new tariffs on China

TOKYO: U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about US$200 billion worth of Chinese imports

Economy 12 Mar 2018 | 12:00 AM

Tariffs and quotas – are they good or bad?

EACH time a household goes shopping, there is a tendency for the household to pay more for the goods purchased owing to tariffs and quotas.

Markets 16 Sep 2018 | 10:41 PM

This Weekahead: Will Trump impose tariffs on all Chinese goods?

NEW YORK: U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth.

Corporate News 10 Sep 2018 | 12:00 AM

Apple: New tariffs will raise prices for some products

Firm says tariffs will result in lower US growth and competitiveness

Economy 03 Dec 2018 | 7:20 AM

Trump says China to cut tariffs on US-made cars in potential lift for Tesla, BMW

WASHINGTON/SHANGHAI: US President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.

Markets 14 Sep 2018 | 10:59 PM

Trump readies tariffs on US$200bil more Chinese goods despite talks

WASHINGTON: U.S. President Donald Trump has directed aides to proceed with tariffs on about another US$200 billion (153.08 billion pounds)of Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China, a source familiar with the matter said on Friday.

Economy 08 Mar 2018 | 10:22 PM

Trump sets steel and aluminum tariffs; Mexico, Canada exempted

WASHINGTON/SANTIAGO: President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries.

Business 12 May 2019 | 7:20 AM

China still 'cautiously optimistic' on US trade talks despite new tariffs

BEIJING/WASHINGTON: China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China.