US President Donald Trump on Wednesday announced a 90-day pause on higher-band tariffs with the exception of China, imposing a 125% tariff on Chinese goods. The White House has said the change of course was all part of the president’s plan to leverage for negotiations, but it initially took many by surprise. The BBC’s Bernd...
BBC There has been a historic upheaval in American trade policy. The announcement of Donald Trump’s so-called “reciprocal tariffs” on 2 April – what he called “liberation day” – sent a shockwave through the global trading system and financial markets. And the President’s 90-day pause on some of these tariffs on 9 April set off...
US markets shot up like a rocket on Wednesday after US President Donald Trump issued a 90-day pause on the implementation of higher tariffs, meaning a “universal 10%” levy will be in place for most countries. But the US president hit China with even higher tariffs of 125% due to “their insistence on escalation”, according...
President Trump’s reciprocal tariffs went into effect at midnight last night and this morning the president had a simple message for the country who were feeling nervous about his moves.              As discussed yesterday, countries around the world seem to be heeding Treasury Secretary Bessent’s advice not to retaliate immediately but to see this as...
Jaguar Land Rover has announced it will “pause” all shipments to the US as it works to “address the new trading terms” after tariffs were imposed earlier this week. A 25% levy on car imports came into force on Thursday, one of several measures announced by US President Donald Trump which have sent shockwaves through...
