President Donald Trump has announced that a 30% tariff will be applied to imports from both Mexico and the European Union beginning August 1st.
Read More Trump announces 30% tariffs for EU and Mexico starting Aug. 1
Tag: tariffs
Trump tariffs result in U.S. customs duties topping $100B for ‘first time in a fiscal year’
U.S. customs duty collections surged again back in June as President Donald Trump’s tariffs gained momentum, surpassing $100 billion for the first time in a fiscal year. This helps generate a whopping $27 billion budget surplus for the month, the Treasury Department stated on Friday.
Read More Trump tariffs result in U.S. customs duties topping $100B for ‘first time in a fiscal year’
Trump: U.S. ceasing trade negotiations with Canada over digital tax
President Donald Trump has announced that the United States is ending trade discussions with Canada over its digital tax.
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Trump announces U.S.–China trade agreement following intense talks
President Donald Trump announced Wednesday morning that the U.S. has reached a deal with China following intense trade negotiations in London.
Read More Trump announces U.S.–China trade agreement following intense talks
Chinese exports to U.S. plummet 35% in May — biggest decline since COVID began
New reports have indicated that China’s exports to the U.S. plummeted in May. This sharp declines comes as a temporary truce between the world’s two largest economies arrived “too late” to prevent major port disruptions.
Read More Chinese exports to U.S. plummet 35% in May — biggest decline since COVID began
U.S. officials hold ‘critical’ trade negotiations with China in London
Top U.S. and Chinese officials met in London, England, on Monday — with the intention of closing a highly coveted trade deal.
Read More U.S. officials hold ‘critical’ trade negotiations with China in London