President Donald Trump has announced the US will double its current tariff rate on steel imports from 25% to 50%. Speaking at a rally in Pittsburgh, Pennsylvania, Trump said the move would help boost the local steel industry and the national output, while decreasing reliance on China. Trump also said that $14bn would be invested...
Talk about a tariff last hurrah. America rushed to import goods in the first quarter of 2025 in advance of Donald Trump’s “Liberation Day,” and that was enough to put the economy into negative territory. Today’s GDP report shows the Q1 result at an annualized -0.3% rate of growth, but the import data buried otherwise...
Watch: Is the US heading into a recession? Three warning signs to watch Chinese officials are calling on US President Donald Trump to “completely cancel” his so-callled reciprocal tariffs, as a trade war between the world’s two biggest economies grinds on. This week, Trump announced a 90-day pause for a host of global tariffs he...
President Donald Trump has unveiled plans for sweeping new import taxes on all goods entering the US, in a watershed moment for global trade. The plan sets a baseline tariff on all imports of at least 10%, consistent with a proposal Trump made on the campaign last year. Items from countries that the White House...