Global Tariffs - LeadStory

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China extends probe into EU dairy products

China has extended its anti-subsidy investigation into European Union dairy imports by six months, showing little sign of let up in a two-front trade war with Brussels and Washington.

Reuters

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Who is paying the high cost of tariffs?

Economic indicators this week have showed new effects of President Donald Trump's tariffs. For American consumers, there could still be price hikes ahead, from groceries to clothing to vehicles.

Scripps News

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Chinese tariffs on Canadian canola have farmers bracing for the worst

A new Chinese tariff of over 75 per cent on Canadian canola seed takes effect today, effectively closing Canada’s biggest export market for the product. The tariffs are an escalation in a mounting trade dispute between the two countries.

CBC News

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EU and U.S. closer to finalizing trade deal text

The technical details of the tariff exemptions are long overdue, but the European Commission is optimistic that the text will be finalized soon as Washington has sent back suggestions.

Euronews

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How are Trump's tariffs impacting the economy right now?

The Producer Price Index, which shows the wholesale cost of goods, is set to be released Thursday with economists saying it will give better insight into how President Trump's tariffs are impacting the U.S. economy. Constance Hunter, chi...

CBS America

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U.S. seeing rolling pockets of inflation, says Schwab's Sonders

Liz Ann Sonders, chief investment strategist at Charles Schwab says to expect to see a wider range of dissent within the Federal Reserve going forward. She also discusses the effects of the implementation of the Trump administration's ta...

Bloomberg

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Bessent dismisses China investing in U.S. for a trade pact

Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact. He said his "sense is no" to China making pledges worth billions of dollars like Japan, South Korea and the EU...

Bloomberg

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U.S. seeking political deal with EU ahead of potential trade agreement

The Trump administration’s latest trade proposal to the EU seeks to strike an agreement in principle, with the aim of formalizing the deal into a full trade agreement down the line, according to three sources familiar with the matter. As...

CNBC

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China imposes new duty on Canadian canola

On top of existing tariffs on Canadian canola oil, China has imposed a new duty on canola seeds after a year-long anti-dumping investigation, but farmers say they’re paying the price for ongoing geopolitical tensions.

CBC News

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What the latest CPI data says about tariff impact

New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet.

CBS America

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Consumer prices rise 2.7% annually in July

CNBC's Rick Santelli joins 'Squawk Box' to break down the July CPI data, which came in less than expected amid tariff worries.

CNBC

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U.S. and China agree to 90-day trade truce extension

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to an executive order signed by President Donald Trump on Monday.

CNN

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U.S. and China extend tariff truce by 90 days

The United States and China extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.

Reuters

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Trump extends China tariff deadline by 90 days

President Donald Trump has signed an executive order that will prevent high U.S. tariffs on Chinese goods from snapping back into effect for another 90 days, a White House official told CNBC.

CNBC

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African nations hopeful to re-negotiate Trump tariffs

New trade tariffs imposed by US president Donald Trump came into effect on Thursday. Countries like South Africa and Lesotho are also hard-hit and are still hoping to re-negotiate the tariffs in the face of potentially dire consequences ...

Africanews

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TSMC to escape unscathed from Trump's tariffs: Analyst

Rolf Bulk, Equity Research Analyst at New Street Research, says TSMC's substantial investment in the US will be enough to exempt it from Trump's semiconductor tariffs. He adds that TSMC may invest more in the US in the future – but will ...

CNBC

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Indian restaurant owner reacts to Trump's tariffs

The owner of Curryosity, an Indian restaurant in South Park, says the high tariffs on good from India will hurt his bottom line.

Scripps Local

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African nations hopeful to re-negotiate Trump tariffs

New trade tariffs imposed by U.S. President Donald Trump came into effect on Thursday. Countries like South Africa and Lesotho are also hard-hit and are still hoping to re-negotiate the tariffs.

Africanews

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'Unfair, unjustified, and unreasonable': India faces tariff pressure

Within minutes of President Trump’s announcement of an additional 25% tariff — raising the total levy on Indian imports to 50%, one of the highest he has imposed on any country — India condemned the move as “unfair, unjustified, and unre...

France 24

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Trump's tariff war puts Japan's auto industry on uncertain ground

As the country's largest export, Japan's auto industry is a source of national pride. But in recent months, it has been rocked by President Trump's tariffs. Anna Coren reports.

CBS News

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Brazil faces some of the highest U.S. tariffs on goods

Brazil’s tariffs of up to 50% on certain goods rank among the highest the U.S. has imposed on any trading partner. Economists believe these tariffs won’t derail Brazil’s economy, but concerns remain, and Brazil has appealed to the WTO to...

France 24

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India faces U.S. tariff pressure

Within minutes of President Donald Trump’s announcement of an additional 25 percent tariff — raising the total levy on Indian imports to 50 percent, one of the highest he has imposed on any country — India condemned the move as “unfair, ...

France 24

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Maersk raises profit outlook amid global trade war

Maersk CEO Vincent Clerc’s company reported strong results despite U.S. tariffs.

CNN

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Trump's tariffs take effect as economists warn of inflation possibilities

About 90 countries, including the European Union, are now facing tariffs of 15% or higher as President Trump's sweeping levies go into effect. Erica Brown reports.

CBS News

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Ramaphosa, Trump agree to further trade talks amid U.S. tariffs

The call comes against the backdrop of a 30% U.S. tariff imposed on South African imports, which has triggered serious economic concerns at home.

Africanews

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Longview Global: China is clear, it will not be bullied on trade talks with U.S.

China and the U.S. are still negotiating a trade deal as President Trump's tariffs on many countries go into effect. Dewardric McNeal, Longview Global, joins 'Closing Bell Overtime' and says China will not be bullied during talks.

CNBC

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Higher U.S. tariffs officially take effect

U.S. President Donal Trump officially began levying higher import taxes on dozens of countries on Thursday (August 7), just as the economic fallout of his months-long tariff threats was beginning to create visible damage to the U.S. econ...

CBS News

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Why small businesses could fold under tariff pressure

True Places, which manufactures outdoor gear, cannot afford to import its own products due to President Trump’s tariffs, despite relocating manufacturing from China to Cambodia.

CNBC

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South Africa braces for job losses as U.S. tariffs kick in

South Africa fears significant job losses, especially in the farmers and automobile industries, due to a 30% U.S. tariff on its imports after failing to secure a trade deal before President Trump's deadline.

France 24

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India's PM vows no compromise on agriculture amid U.S. tariff war

U.S. President Donald Trump has escalated levies on Indian goods to 50 per cent beginning August 28. India's prime minister has vowed not to compromise.

Africanews