trade dispute news and archive

New US tariffs against India over Kremlin dealings in effect

New US tariffs on imports from India due to its oil trade with Russia have come into effect. As of Wednesday, the United States is imposing an additional tariff of 25 percent on products from the South Asian country, according to a document in the US Federal Register. Former US President Donald Trump ordered the move in early August. This...

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Walmart on Trump tariffs: our costs are rising every week

US President Donald Trump's import tariffs are increasingly affecting supermarket giant Walmart. Chief executive officer Doug McMillon stated in a conference call following the release of quarterly figures that Walmart's costs have been increasing "every week" when replenishing stock. He expects this trend to continue in the current quarter and...

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US and China trade talks: Tariff increases suspended

The planned tariff increases in trade between the US and China remain suspended for the time being. US President Donald Trump signed a decree postponing the implementation until 00:01 (Washington time) on November 10. The Beijing Ministry of Commerce also confirmed the new deadline shortly afterwards. The United States intends to continue talks...

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Swiss exports face collapse: US tariffs threaten jobs and GDP

US tariffs have sent shockwaves through Switzerland: US President Donald Trump has imposed a 39 percent tariff on Swiss imports. “Everyone's prosperity is at risk,” warns Swissmem, the industry association for the tech industry. While importers and US consumers pay the tariffs, this makes "Made in Switzerland" so expensive that orders are likely...

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New tariffs will not take effect until August 7

New US tariffs on imports will not take effect until August 7, according to a government official, and not this Friday as previously indicated. The US government official confirmed to the German Press Agency on Thursday evening (local time) that this also applies to the 15 percent tariff on imports from the EU. US President Donald Trump had...

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US economy shows stronger than expected growth in spring

The US economy grew more strongly than expected in the spring. In the second quarter, gross domestic product (GDP) rose by an annualised 3 percent compared to the previous quarter, according to initial estimates released by the Department of Commerce in Washington on Wednesday. Economists had on average only expected an increase of 2.6 percent....

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Customs uncertainty pushes Adidas share price down

Customs uncertainty and uncertain end markets are impacting Adidas' performance and putting pressure on the sportswear manufacturer's share price. Shares fell by more than seven percent in the DAX after the release of the company's quarterly figures. The group did not raise its forecast for operating profit (EBIT) this year, according to...

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EU prepares retaliatory tariffs on US goods amid trade dispute

The European Union has agreed on a multi-billion pound list of potential retaliatory tariffs of up to 30 percent in the trade dispute with the US. If negotiations fail, countermeasures could quickly be imposed on US exports to the EU worth more than 90 billion euros. The Deutsche Presse-Agentur learned this from EU sources. The retaliatory...

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EU-US trade deal: Trump hints at tariff reduction if EU opens markets

US President Donald Trump has offered to lower tariffs on the import of European products if the European Union opens its market further to the US. At an AI event, Trump said of the ongoing negotiations: "If they agree to open the Union to American companies, then we will levy a lower tariff." He added that serious negotiations were underway....

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Trump announces 'massive' trade agreement with Japan, citing reciprocal tariffs

President Donald Trump has announced a "massive" trade agreement with Japan, as stated on his platform Truth Social. Trump indicated that the two nations have agreed upon "reciprocal" tariffs of 15 percent, a reduction from his previous demand of 25 percent. This announcement reportedly led to a sharp rise in the Tokyo stock market. Trump...

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China criticises politicisation of global trade

Following the latest tariff threat from Washington, China indirectly criticised the US in the ongoing trade dispute. Vice premier He Lifeng, speaking at the opening of the supply chain expo in Beijing, said, "Currently, some countries, under the guise of risk reduction, are intervening in the market. They are imposing tariffs and enacting...

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EU Postpones retaliatory tariffs on US products until mid-July

In the trade dispute with the US, the EU suspended the application of planned special tariffs on US products until July 14. With the corresponding publication in the EU Official Journal, the EU is implementing an announcement by European Commission President Ursula von der Leyen. She announced last week that the measure, which was originally...