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Tag: Trade War

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China Strikes Back at Trump with Immediate 84% Tariffs on U.S. Goods

(Breitbart) China is slapping 84 percent tariffs on U.S. goods from Thursday, ramping the impost up from the 34 percent as previously announced, its finance ministry said on Wednesday. Beijing’s hurried move is just the latest shot in an international trade war sparked by U.S. President Donald Trump as he works to level the playing […]

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Nike Stock Plunges as Low-Wage Factories in China, Vietnam, Indonesia Face Trump’s Tariffs

(Breitbart) Nike stock is plunging on Thursday, the day after President Donald Trump announced reciprocal tariffs that will end the nation’s decades-long free trade policy. “NKE was last seen 11.3% lower at $57.62, as investors digest the long-term impact of rising supply chain costs on the company’s margins,” Schaeffer’s Investment Research reports. “The stock is […]

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Trump Pauses Some Tariffs on Mexico Amid Trade Tensions

Trump Pauses Some Tariffs on Mexico Amid Trade Tensions (TJV) President Donald Trump announced Thursday that he is temporarily halting certain tariffs on Mexican imports, citing ongoing trade negotiations and economic concerns, AFP reported. The decision marks a partial reversal just a day after his administration offered temporary tariff relief to the auto industry. Following […]

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President Trump Threatens Trade War with Colombia Over Blocked Deportation Flights

Edited by: Fern Sidman President Donald Trump announced on Sunday his intent to impose an “emergency 25% tariff” on Colombian goods, escalating tensions with the South American nation after its socialist president, Gustavo Petro, blocked two U.S. military deportation flights. According to a report in The New York Post, Trump framed the incident as a […]

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