Latest news and articles about tariffs from NEX English
European Industry Commissioner Stefan Sigourney announced that the European Union will expand import quotas and tariffs on Chinese products. This decision aims to address existential threats facing vital sectors of the European economy.
The European Council announced a temporary increase in tariffs on key nitrogen fertilizers for one year to alleviate the effects of ongoing conflicts in the Middle East. This decision excludes fertilizers imported from Russia and Belarus.
US President Donald Trump has announced plans to impose new tariffs on Chinese imports, aiming to improve the US trade balance. The tariffs will target Chinese imports worth $50 billion annually. Trump said the move will help offset the US trade deficit caused by Chinese imports.
The European Parliament and member states reached an agreement early Wednesday to pave the way for implementing a trade deal with Washington, following President Trump's threats of new tariffs. The agreement includes mechanisms to protect European interests.
Former President Donald Trump is facing increasing challenges following a Supreme Court ruling that limited his authority to impose tariffs. With growing concern in Congress and voter dissatisfaction, Trump appears to need a strategic reassessment of his trade policies.
Toyota Motor Corporation announced a significant decline in its operating profit by <strong>49%</strong> in the fourth quarter of the fiscal year, attributed to U.S. tariffs and increasing competition from Chinese companies. Despite this, the company's revenues saw a slight increase of <strong>1.89%</strong> compared to the previous year.
U.S. President Donald Trump has set a deadline of July 4 for the European Union to ratify a trade agreement, threatening to significantly raise tariffs if not achieved. These remarks come amid efforts to strengthen trade relations between the two parties.
A federal trade court in the United States ruled that the 10% global tariffs imposed by President Donald Trump are illegal, marking a significant setback for his administration's economic agenda. This decision follows the recent overturning of previous tariffs by the U.S. Supreme Court.
In a landmark ruling, the U.S. Court of International Trade declared the 10% tariffs imposed by former President Donald Trump illegal. This decision marks a significant shift in U.S. trade policy amid a critical economic recovery period.
The U.S. Federal Trade Court has ruled that the 10% global tariffs imposed by former President Donald Trump are illegal, marking a significant setback for his economic policies. This decision follows the recent annulment of previous tariffs by the U.S. Supreme Court.
Philips and Pandora have announced their intentions to file for tariff refunds following a U.S. Supreme Court ruling that deemed tariffs imposed by former President Trump illegal. This move comes as companies worldwide struggle with the impact of tariffs on their profits.
The U.S. International Trade Court has issued a ruling that partially restricts the global tariffs imposed by President Trump at 10%. This decision follows a Supreme Court ruling that annulled a significant portion of the previous tariffs.
The Syrian government has expressed its dissatisfaction with the new tariffs imposed by Jordan, viewing these measures as contradictory to the spirit of cooperation between the two countries. This comes at a time when coordination between Amman and Damascus is reportedly increasing.
A U.S. court has ruled that President Trump's 10% global tariff policy is illegal, following his unjustified use of the Trade Act of 1974. This decision comes amid ongoing debates about presidential powers in trade matters.
A U.S. federal court has ruled to overturn the global tariffs imposed by former President Donald Trump following his loss in the Supreme Court. This decision comes at a critical time for the U.S. economy and international trade relations.
U.S. President Donald Trump announced that the European Union must officially agree to the current trade deal or face increased tariffs. This statement followed a 'great' call with European Commission President Ursula von der Leyen.
A senior EU official announced that the bloc is seeking trade talks with the United States while being prepared to respond to any threats regarding tariffs. This comes amid rising concerns over escalating trade tensions between the two sides.
The United States has started disbursing refunds to those affected by tariffs that were nullified by the Supreme Court. This decision follows a historic ruling that deemed these tariffs illegal.
EU negotiators have failed to reach a final trade agreement with the United States after prolonged talks, despite threats from President Donald Trump to raise tariffs on cars to 25%. This failure highlights the growing tensions in trade relations between the two parties.
Negotiations between the European Parliament and the Cypriot presidency failed to reach an agreement on eliminating tariffs on American industrial goods. This setback comes amid increasing American pressure on European negotiators.
European Parliament member Bernd Lange announced that President Donald Trump's threat to impose a 25% tariff on European cars seems particularly aimed at Germany, following German Chancellor Friedrich Merz's criticism of U.S. policy towards Iran.
U.S. President Donald Trump has announced new tariffs on the European Union, escalating trade tensions. In response, Europe is considering various options to counter these tariffs.
The European Union has reaffirmed its strong commitment to transatlantic relations despite recent threats from U.S. President Donald Trump regarding new tariffs on European goods. An EU spokesperson indicated that the bloc is addressing these threats with calm and confidence.
The U.S. Customs and Border Protection agency has announced that electronic refunds for tariffs imposed by former President Donald Trump will begin on May 12. This initiative marks a new phase in addressing tariffs that have impacted various sectors.
French President Emmanuel Macron has called on the European Union to activate the anti-coercion mechanism known as 'Bazooka' in response to potential new tariffs on European cars by the United States. This comes amid escalating trade tensions between the two sides.
A recent survey indicates that 58% of Germans believe the current coalition government, led by Chancellor Friedrich Merz, will collapse before its term ends in 2029. This reflects a significant lack of confidence in the government's ability to ensure political and economic stability.
German Chancellor Friedrich Merz stated that the high tariffs planned by President Trump on car imports are aimed at the entire European Union, not just Germany. Merz emphasized Trump's disappointment with the current situation.
Clemens Fuest, president of the Ifo Institute, warns of severe risks threatening the German economy due to escalating trade tensions with the United States. He indicates that a new trade war could lead to an economic recession by 2026.
As tensions rise between the U.S. and its European allies, Washington announces plans to reposition its troops in Germany. This move raises questions about the future of the long-standing Western alliance.
China has announced the abolition of tariffs on all African countries, enhancing trade and investment while increasing the competitiveness of African exports in the Chinese market. This policy took effect in early May, marking a significant step in China's trade relations with Africa.