Tag Archives: tariffs

NEW YORK, the United States | Xinhua | For many Americans, the day doesn’t begin without a cup of coffee. But a new round of tariffs on coffee imports may soon make that daily ritual cost more. Coffee prices in the United States jumped 14.5 percent in July from a …

WASHINGTON, the United States | Xinhua | America’s gross federal debt has surged past 37 trillion U.S. dollars, a milestone reached earlier this month and five years sooner than pre-pandemic forecasts. Washington is now adding roughly 1 trillion dollars every five months, swelling a debt snowball that already costs nearly …

  COMMENT | DANI RODRIK | America’s critics have always depicted it as a selfish country that throws its weight around with little regard for others’ well-being. But President Donald Trump’s trade policies have been so misguided, erratic, and self-defeating as to make even the most cartoonish of such descriptions seem …

WASHINGTON, the United States | Xinhua | U.S. President Donald Trump’s tariff stick has pushed up levies on foreign goods to the highest levels in nine decades, imposing heavier costs on American households and businesses. The new customs duties, which took effect in early August, now apply to almost every …

BEIJING, CHINA | Xinhua | Washington has turned tariffs into instruments of coercion — used to extract big money from allies and rivals in exchange for access to the U.S. market. By forcing compliance, showers of ultimatums laid bare Washington’s abuse of threats and coercion as a defining feature of …

WASHINGTON, the United States | Xinhua | U.S. President Donald Trump on Thursday signed an executive order that further modified tariff rates with 69 trading partners, drawing criticism across the world. The order, set to be implemented on Aug. 7, imposes “additional ad valorem duties on goods of certain trading …

NEW YORK | Xinhua | U.S. President Donald Trump sent letters to the leaders of eight countries Wednesday, notifying them that tariffs ranging from 20 percent to 50 percent will be charged on goods imported from these countries starting Aug. 1. Trump first posted letters to seven countries — the …

NEW YORK | Xinhua | U.S. President Donald Trump said Monday on social media that 25-percent tariffs will be imposed on imports from Japan and the Republic of Korea (ROK), respectively, beginning Aug. 1. In his letters addressed to the leaders of the two countries, Trump said the new tariffs …

BEIJING, CHINA | Xinhua | The U.S. Senate narrowly passed President Donald Trump’s “One Big Beautiful Bill Act” Wednesday in a 51-50 vote. Though touted as delivering broad prosperity, the sweeping tax and spending package disproportionately benefits the wealthiest Americans. At the heart of the bill is an unprecedented series …

LONDON, UK | Xinhua | Americans are planning to spend less money this summer due to the impact of U.S. President Donald Trump’s trade tariffs, The Independent has said, citing polling, surveys and media reports. In a survey by personal finance company WalletHub, 45 percent of respondents said tariffs are …