Is the escalating U.S.-China trade war isolating America while bolstering China’s global influence? This article dives into the complexities of current trade policies,examining how recent decisions could reshape the global landscape. Learn about the potential consequences of this trade conflict and what it means for international relations. “`html Trade War Tensions Rise: U.S. Faces Isolation … Read more
Main Points Donald Trump abruptly cut US tariffs to 10% for 90 days – except for China, which is hit with 125% The EU will pause the reciprocal tariffs against the US, European Commission president Ursula von der Leyen said. Taoiseach Micheál Martin said the Government had “all along” been advised “not to over-react” but … Read more
Tánaiste Simon Harris will tell US commerce secretary Howard Lutnick in the US today Ireland and the EU are willing to find a solution to the escalating trade crisis. Mr Harris has travelled to Washington, DC, for a meeting with Donald Trump’s commerce secretary days after the US slapped “reciprocal” tariffs of 20 per cent … Read more
Trump rejects EU’s ‘zero-for-zero’ tariff offer Trump is rejecting the European Union’s offer of “zero-for-zero” tariffs with the U.S. for industrial goods. “No, it’s not,” Trump said in the Oval Office when asked if the deal, which European Commission President Ursula von der Leyen floated earlier Monday, was enough. “They’re screwing us on trade,” Trump … Read more
Main Points EU trade ministers are meeting to devise its response to the 20% US tariffs on goods from the bloc European stock markets plunged in early trading, following stock market falls across Asia overnight Israeli prime minister Binyamin Netanyahu will meet Donald Trump today, which will give world leaders a sense of how willing the … Read more
US President Donald Trump has no plans to delay his latest round of tariffs despite mounting financial chaos across the world, according to Commerce Secretary Howard Lutnick. Speaking on CBS’s Face the Nation on Sunday, Lutnick said, “There is no postponing, they are definitely going to stay in place for days and weeks. That is … Read more
Tánaiste Simon Harris had a “constructive and engaging” call with the US secretary of commerce Howard Lutnick on Monday night. They both hope to meet in person soon and exchanged views on trade policy and the transatlantic economic relationship between Ireland and the US, a spokesperson for Mr Harris said this morning. “The Tánaiste took … Read more
Enterprise Minister says Ireland ‘absolutely not’ a tax scam after US Commerce Secretary claim TheJournal.ie US Commerce Secretary says Ireland ‘favourite tax scam’ RTÉ News Donald Trump’s imperial presidency is a throwback to a greedier, pernicious age | Simon Tisdall The Guardian The Sunday Independent’s View: If we’re on US president Donald Trump’s ‘dirty 15’ list we should … Read more
Donald Trump has captured the world’s attention with his new policy on tariffs. What is a tariff and who pays it? A tariff is a type of tax charged on something imported into a country. So when the US imposes tariffs these apply to goods that it is importing from another country. A tariff is … Read more