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Trump Imposes 30% Tariff on EU to ‘Correct’ Trade Deficit
US President Donald Trump has announced that all imports from the EU and Mexico will have a 30% tariff as of August 1. He sent letters to EU President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum informing them of the new rates, which were also posted on his Truth Social account on Saturday.
US Trade Deficit Surges Despite Donald Trump's Tariffs
The deficit continued to widen ahead of Trump's "Liberation Day" slate of tariffs, which introduced reciprocal tariffs against dozens of U.S. trading partners. Those tariffs ranged from 10 percent to as high as 50 percent (which was applied to Lesotho).
European companies are facing increasing pressure due to China's alleged currency manipulation to keep its yuan weak, a study ...
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Morocco’s Trade Deficit Widens to MAD 304.9 Billion in 2024Morocco’s trade deficit widened to 304.9 billion dirhams (MAD) in 2024, marking a 6.8% increase compared to the previous year, according to data released by the Foreign Exchange Office. The trade gap, ...
The U.S. has the highest trade deficit in the world. ... Trump announced at least 10% tariffs for "all" countries, with much higher rates for some countries or trading blocs last week.
A sense of euphoria washed over global stock markets on Wednesday as a U.S.-Japan trade deal and indications of a U.S.-Europe ...
President Donald Trump's focus on addressing the U.S. trade deficit and his past remarks accusing Japan of intentionally ...
Blaming foreigners for the trade deficit, therefore, is like blaming the bank for charging a low interest rate. We have a trade deficit because foreigners willingly charge us low interest ...
U.S. President Donald Trump announced a new 19% tariff rate for goods from the Philippines on Tuesday after what he called a ...
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