Category: International Trade

In yet another escalation amid tense international trade negotiations, former U.S. President Donald Trump has threatened Japan with tariffs as high as 35%, accusing Tokyo of exploiting the United States and undermining trade balances. His statement, made just three days before the scheduled imposition of increased tariffs on July 9, sent shockwaves through markets, with…

The global trade landscape is shifting dramatically as countries and international markets enter unprecedented trade tensions. Just hours after Donald Trump’s announcement, European Commission President Ursula von der Leyen emphasized that the EU will respond to the new US tariffs. She warned that millions, especially the most vulnerable, will suffer. In a statement this morning…

Wednesday evening (02.04.25). The trade war has begun. The mammoth measures have become reality. International markets are ‘frozen.’ Donald Trump has opened the ‘Pandora’s box,’ radically changing the rules that have governed global trade for decades, targeting both allies and friendly countries of the U.S., as well as America’s ‘enemies.’ The trade war is expected…

Italian Prime Minister Giorgia Meloni has criticized the imposition of tariffs by the U.S. on the European Union, stating it is a wrong measure and not beneficial for either side. In her post, Meloni emphasized that efforts will be made to work towards an agreement with the U.S. to prevent a trade war that would…

With bated breath but not without plans for its own response, the EU awaits announcements regarding the imposition of ‘no exceptions’ tariffs today (2.4.25). The first collective processing of Trump’s tariffs against the EU, as well as Brussels’ response to them at the EU level, is expected on April 7-8, 2025, when the European Trade…

“Europe will respond proportionally to the potential imposition by US President Donald Trump, but will not escalate tensions under any circumstances,” stated today (April 2, 2024) France’s Industry Minister, Marc Ferracci. “Europe always stands for negotiation and calming spirits because trade wars, as you know, have only losers,” the French Industry Minister declared regarding the…

Five years since President Xi Jinping signed his first trade agreement with Donald Trump, officials are set to voice their opinions on China’s compliance with the deal during a high-stakes week that could escalate tensions. American officials have until today (April 1, 2025) to submit a biannual review of the ‘Phase One’ agreement, which committed…

The European Union (EU) has announced a wide range of options to retaliate against potential US tariffs on imports and measures targeting global tech companies. Ursula von der Leyen, the President of the European Commission, stated on February 1, 2025, that the EU would use countermeasures if President Donald Trump enacts his threat to impose…

All countries – particularly 10 to 15 states – will be affected by retaliatory tariffs, according to a statement made yesterday (March 30, 2025) by the President of the USA. Trump has promised to present the tariff plan on April 2, 2025, which he dubbed ‘Liberation Day.’ He has already proceeded with the imposition of…

The European Commission is preparing a ‘timely, robust, and carefully balanced’ response to the 25% car tariffs announced by U.S. President Donald Trump. ‘We regret it, but we are preparing for all of this,’ said the Commission representative. It is understood that next week, a new series of measures from the U.S., described as reciprocal…

The European Union is deeply disappointed by President Trump’s decision to impose a 25% tariff on European vehicles imported into the U.S., as stated today (27.03.2025) by Ursula von der Leyen, head of the European Commission. “I deeply regret the American decision,” noted von der Leyen in an X (formerly Twitter) post, adding that Brussels…

The negative impact on economies will be significant for the US, as other countries impose retaliatory measures on American products, according to Chinese media reports. Beijing is reportedly considering further actions against the United States. Since his return to the White House, President Donald Trump has sparked a trade war with China, Canada, Mexico, and…

The plan will restore trade justice, even as major partners announced retaliatory tariffs on the new U.S. steel and aluminum tariffs, said U.S. President Donald Trump today (March 12, 2025), speaking to reporters at the White House during a meeting with Irish Prime Minister Micheál Martin. The Republican initially accused Ireland of using its tax…

The list of American products targeted by the EU as retaliation for the 25% tariffs imposed by U.S. President Donald Trump on steel and aluminum was announced on Wednesday (12.03.25). It includes meat, poultry, fruits, vegetables, alcoholic beverages, chips, tobacco products, nicotine patches, and women’s lingerie. As Politico reports, the inclusion of clothing, appliances, tools,…

In a defensive move against the new American tariffs on steel and aluminum, the EU Commission announced this morning (12.3.25) that starting in April, additional EU tariffs will be imposed on imports of American products such as whiskey, motorcycles, and boats. President Donald Trump’s 25% tariffs on all steel and aluminum imports went into effect…

Following threats of tariffs that sent markets into a sharp decline on Tuesday (March 11, 2025), Canadian Trade Minister Howard Lutnick and Ontario Premier Doug Ford announced they would meet Thursday to renegotiate the USMCA trade agreement. Ontario agreed to suspend its planned 25% increase in electricity exports to Michigan, Minnesota, and New York. Earlier…

In retaliation against Trump’s tariffs, Canada has imposed a 25% tax on $30 billion worth of U.S. imports, as announced by Prime Minister Justin Trudeau on March 4, 2025. This immediate measure follows President Donald Trump’s announcement the previous day (March 3, 2025) imposing a 25% tariff on imports from Mexico and Canada. Trudeau described…

Canadian Foreign Minister Mélanie Joly described the tariffs announced by Donald Trump as an ‘existential threat’ to Canada. It is recalled that U.S. President Donald Trump announced on Clean Monday (03.03.2025) that 25% tariffs on Canada and Mexico would come into effect on Tuesday (04.03.2025), with reciprocal tariffs starting from April 2. As Trump stated,…

President Trump is set to impose tariffs on Mexico and Canada this Tuesday, March 4, 2025, but the levels are still under consideration, according to Commerce Secretary Wilbur Ross. Both Mexico and Canada have taken significant steps to address Trump’s concerns about border crossings, but not enough regarding the ‘fentanyl deaths in America,’ Ross stated…

Tensions continue to rise between the US and China following Donald Trump’s decision to impose tariffs on imports. Chinese Trade Envoy He Lifeng expressed ‘serious concerns’ over Trump’s new tariffs on Chinese imports during a phone call with US Treasury Secretary Scott Bessent. According to CCTV, Lifeng criticized the recent restrictive measures, particularly the increased…