الوسم: tariffs

China and US Slash Tariffs in Major Trade War De-escalation
Flags of the United States and China.
- Trump claims Washington has a strong trade agreement framework with China.
- China retaliates with tariffs, raising costs on both sides to over 100%.
- US tariffs on Chinese products to decrease to 30%, while China reduces its tariffs to 10%.
BEIJING: On Wednesday, the United States and China agreed to significantly reduce tariffs on one another’s products for a period of 90 days, following a temporary truce in their contentious trade war that has shaken global markets and disrupted international supply chains.

After crucial discussions in Geneva over the weekend, officials from both nations reached a consensus to cut down on exorbitant tariffs.

President Trump stated that the U.S. now has a blueprint for a “very, very strong” trade deal with China, which he believes will allow for greater access for American businesses into the Chinese market. This statement was made during an interview on Fox News that aired on Tuesday.

“We have laid the groundwork for a very robust agreement,” he said while traveling aboard Air Force One. “The most appealing aspect of this deal is opening China up to U.S. businesses.”

Trump’s administration previously imposed extensive tariffs that particularly impacted China, prompting retaliatory actions that drove tariffs on both sides to over 100%.

After significant losses in the stock market and pressure on businesses, negotiations began in Geneva aimed at breaking the deadlock.

The agreed terms include the U.S. reducing its tariffs on Chinese goods to 30%, while China will lower its tariffs to 10%, marking a decrease of more than 100 percentage points.

This reduction took effect shortly after midnight Washington time, signaling a major easing of trade tensions that had seen U.S. tariffs climb as high as 145% and even 245% for specific products.

As a result of the tariffs suspension, financial markets experienced a boost.

Chinese officials have been relatively reserved, presenting themselves at a recent summit in Beijing with Latin American leaders as stable advocates of globalization.

“There are no true winners in trade wars,” President Xi emphasized during the summit, while his foreign minister criticized a “major power” that operates under the belief that “might makes right.”

‘Risks of Renewed Tensions’

Despite the agreement, underlying issues persist — the U.S. retains a higher tariff rate than China due to a 20% charge linked to complaints over China’s exports of chemicals associated with fentanyl production.

Washington has long accused Beijing of ignoring the fentanyl crisis, a claim that China refutes.

While the U.S. sees potential for addressing the issue, China cautioned on Tuesday for the U.S. to “stop deflecting blame” towards it.

Experts warn that the potential for tariffs to resume after the 90-day period adds a layer of uncertainty. “Making further tariff reductions will be a challenge, and the risk of renewed conflict remains,” said Yue Su, a principal economist at The Economist Intelligence Unit.

Trump’s fluctuating tariff policies have significantly disrupted U.S. companies that rely on Chinese manufacturing, with the temporary reduction expected to offer only partial relief.

Moreover, Chinese officials have admitted that their economy, already struggling due to a lengthy property crisis and reduced consumer spending, is also impacted by the trade uncertainty.

“Both nations have experienced considerable economic hardship, and may still endure a bit more,” commented Dylan Loh, an assistant professor at Singapore’s Nanyang Technological University.
مايو 14, 2025
2025 U.S.-China Tariffs: 30% on China, 10% on U.S. Imports
Overview of Recent U.S.-China Trade Developments

In a notable change in the ongoing trade tensions between the United States and China, both countries have announced significant tariff reductions. These changes come on the heels of negotiations held in Geneva and aim to ease the economic strain characterized by previous high tariffs. This blog delves into the details of the tariffs, their background, and the implications of this trade adjustment.

Background of the Trade War

The trade war between the U.S. and China escalated sharply over the previous years, leading to tariffs on billions of dollars’ worth of goods. Initially, U.S. tariffs on Chinese imports reached an astonishing 145%. In retaliation, China imposed tariffs that were as high as 125% on American products. These tariffs, once implemented, had significant ripple effects across global supply chains, affecting businesses and consumers alike.

Recent Tariff Changes

Following the 2025 negotiations in Geneva, both nations are set to lower tariffs significantly. Starting Wednesday, tariffs on Chinese goods imported into the U.S., which were as high as 145%, will be reduced to a more manageable 30%. Concurrently, Chinese tariffs on U.S. imports will decrease from 125% to merely 10%. This reduction marks a crucial shift in the trade dynamics between these two economic giants.

Current Tariff Landscape

While these adjustments are a relief for many stakeholders, it’s important to understand the current status of tariffs:
- U.S. Tariffs on Chinese Imports: Now sitting at 30%, these tariffs remain elevated compared to historical levels but represent a sharp contrast to the previous figure of 145%.
- Chinese Tariffs on U.S. Imports: The new 10% duty reflects a significant reduction from the previous 125%, yet still poses a burden on American export markets.
These figures signify a marked transformation in trade relations, albeit one that continues to impose challenges.

Economic Implications and Future Outlook

With the pause of heightened tariffs, the short-term economic outlook appears to stabilize following a volatile few months in global markets. Still, the new baseline tariffs are considerably high compared to pre-trade war levels. The reality is that even at 30% and 10%, the tariffs are an obstacle that can lead to increased prices for consumers and reduced exports.

The negotiating teams from both nations have announced intentions to continue discussions. Future meetings between President Biden and Chinese President Xi Jinping are anticipated, which could lead to further changes in trade policies.

Monitoring Trade Dynamics

It is crucial for both businesses and policymakers to monitor the evolving trade dynamics closely. The establishment of a mechanism for ongoing discussions indicates a willingness from both parties to address trade disputes constructively. However, the elevated tariff environment suggests that significant hurdles remain before a normalized trade relationship can be established.

Understanding these nuances is vital for all stakeholders engaged in international trade, as the ramifications of these tariffs will affect pricing strategies, production costs, and ultimately, consumer behavior on both sides of the Pacific.
مايو 13, 2025
US and China Strike Deal to Cut Trade Tariffs
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US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer at a press conference after discussions with China in Geneva, Switzerland, on May 12, 2025. — Reuters
- Bessent announces a reduction in tariffs by over 100 percentage points to 10%.
- Bessent emphasizes that both countries effectively represented their national interests.
- The tariff dispute has caused nearly $600 billion in bilateral trade to come to a halt.
GENEVA: On Monday, the United States and China reached an agreement to significantly reduce reciprocal tariffs while working to resolve a trade conflict that has shaken global markets and impacted economic forecasts.

After conversations with Chinese representatives in Geneva, US Treasury Secretary Scott Bessent informed the media that both nations have consented to a 90-day suspension of recent trade measures, reducing tariffs by over 100 percentage points to 10%.

“Both countries have done a commendable job of representing their national interests,” Bessent remarked. “We share a mutual interest in maintaining balanced trade, and the US will strive toward that goal.”

Bessent spoke alongside US Trade Representative Jamieson Greer after discussions over the weekend, during which both parties noted progress in bridging their differences.

These meetings mark the first direct engagement between senior economic officials from the US and China since US President Donald Trump assumed office and initiated an extensive tariff campaign, particularly targeting Chinese imports.

Since January, Trump has increased tariffs on goods from China to 145%, in addition to the tariffs he applied during his first term and those imposed by the Biden administration.

In response, China has enacted restrictions on exports of certain rare earth elements critical for US manufacturers in technology and defense sectors, while raising tariffs on American goods to 125%.

This tariff contention has effectively frozen nearly $600 billion in bilateral trade, straining supply chains, heightening fears of stagflation, and leading to some layoffs.

Financial markets have been keenly watching for signs of relief from the trade conflict. Following the latest discussions, Wall Street stock futures rose, and the dollar strengthened against safer currencies, as optimism grew about potentially avoiding a global recession.
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مايو 12, 2025
US, China Report ‘Significant Progress’ in Geneva Trade Talks

U.S.-China Trade Talks Show Signs of Progress

GENEVA: During a series of discussions held over the weekend in Geneva, U.S. Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer announced notable advancements in efforts to relieve trade tensions between the United States and China, which have escalated due to President Donald Trump’s aggressive imposition of tariffs.

The ongoing conflict between Washington and Beijing has destabilized financial markets and ignited concerns over a potential global economic downturn, alongside worries of rising inflation in the U.S.

“We’ve made significant headway in these crucial trade negotiations,” Bessent informed reporters on Sunday as the discussions wrapped up. He opted not to take questions but assured a comprehensive briefing would be delivered on Monday regarding the outcomes.

In an official statement released by the White House, a "new trade deal" with China was praised, though specifics were scant.

Chinese Vice Premier He Lifeng echoed Bessent’s optimism, stating that the negotiations had resulted in "substantial progress" and described the atmosphere of the talks as "open, in-depth, and constructive." He remarked, “This represents an important first step,” indicating plans for a joint communique to be disseminated on Monday.

Both delegations agreed to establish a joint communication mechanism focusing on “regular and irregular discussions regarding trade and commercial issues,” according to China’s international trade representative, Li Chenggang.

When questioned about whether the communique would be available before financial markets opened, Li remarked, “If the results are satisfying, timing is secondary. Whenever it is released, it will be significant, positive news.”

This weekend’s meetings were the first high-level face-to-face trade discussions since Trump imposed steep tariffs on China, with some reaching a staggering 145%. In retaliation, China responded with substantial tariffs on U.S. goods, hitting as high as 125%.

“This significant progress could bode well for the future,” stated World Trade Organization head Ngozi Okonjo-Iweala after her own meeting with He Lifeng. She emphasized that this progress is vital not only for the U.S. and China but also for the global community, especially the most vulnerable economies.

Optimism Amid Challenges

Wendy Cutler, Vice President of the Asia Society Policy Institute, expressed encouragement after the more than 15 hours of discussions took place. She noted, “That’s a considerable amount of time for a meeting between two countries, which I interpret positively.”

Before the talks, Trump hinted at a possible reduction in tariffs, suggesting on social media that “an 80% Tariff on China seems right!” However, White House Press Secretary Karoline Leavitt later clarified that any tariff reductions would not be unilateral; concessions from China would also be required.

Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, pointed out that while the fact that negotiations are occurring is a positive sign for businesses and markets, he remained skeptical about a return to normal trade relations, indicating that even a tariff of 70-80% could reduce bilateral trade significantly.

Cutler highlighted, “The success of these discussions will depend on the specifics. The details are crucial to evaluating whether these talks were effective.”

Looking Ahead

Chinese Vice Premier He Lifeng entered the negotiations with optimism following positive news on Friday regarding China’s exports, which unexpectedly rose last month despite the ongoing trade conflict. Experts attribute this shift to a re-routing of trade flows through Southeast Asia to navigate U.S. tariffs.

This meeting in Geneva followed Trump’s announcement of a trade agreement with Britain, marking the first deal made since the introduction of global tariffs. The non-binding five-page agreement reassured markets that Washington is willing to consider sector-specific relief from recent duties, although a 10% levy on most British goods remains in place.

In a post on Truth Social, Trump declared that the talks had made “GREAT PROGRESS!!” He added, “For the benefit of both China and the U.S., we aspire to see increased opportunities for American businesses in China.”

مايو 12, 2025
US Officials Announce Trade Deal to Reduce China Deficit, Details Monday
US and China Reach Trade Agreement in Geneva

Members of the Chinese delegation exit a residence where trade discussions with US officials took place in Geneva, Switzerland, on May 10, 2025. — Reuters
- Geneva talks heralded as ‘significant advancement’.
- USTR Greer refers to the outcome as ‘a deal we’ve made’.
- Details on China talks to be revealed by Bessent and Greer on Monday.
In a significant development, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced on Sunday that they have reached a deal with China to reduce the US trade deficit. They characterized the two days of negotiations in Geneva as yielding "substantial progress," although specific details were not shared, according to Reuters.

Bessent informed reporters that the complete information will be disclosed on Monday, noting that President Donald Trump was fully briefed on the "productive discussions" with Chinese Vice Premier He Lifeng and two other Chinese vice ministers.

However, Bessent and Greer did not address the possibility of lowering the hefty US tariffs of 145% on Chinese products, nor the 125% tariffs China imposes on US goods. They did not take questions from the media.

Previously, the US Treasury chief has described these tariffs as being akin to a trade embargo between the two largest economies and emphasized the need for "de-escalation."

Greer described the conclusion of the Geneva talks as "a deal we made with our Chinese counterparts," aiming to decrease the US trade deficit, which amounts to $1.2 trillion in global goods.

"This was, as the Secretary noted, an incredibly constructive two days," Greer remarked. "It’s crucial to recognize how quickly we reached an agreement, indicating that perhaps the differences weren’t as vast as we previously believed." He commended Vice Premier He, along with Vice Commerce Minister Li Chenggang and Vice Finance Minister Liao Min, as "tough negotiators."

This meeting marked the first in-person dialogue between senior economic officials from the US and China since Trump assumed office, during which he initiated a global tariff campaign by declaring a national emergency regarding the US fentanyl crisis, which included a 20% tariff on Chinese imports in February.

Trump also introduced a 34% "reciprocal" tariff on Chinese goods in April, and the subsequent escalations pushed tariffs into triple digits, bringing nearly $600 billion in bilateral trade to a halt.

China had previously demanded any discussions include a reduction in tariffs. On Friday, Trump suggested an 80% tariff on Chinese goods "seems appropriate," marking a notable reduction target proposal.

Greer mentioned that substantial groundwork had been laid prior to the Geneva discussions over the weekend, suggesting the agreement would address the national emergency declared by Trump over increasing trade deficits.

"We are confident that the arrangement we’ve established with our Chinese partners will aid us in addressing that national emergency," Greer stated. A press release from the White House reiterated Bessent’s and Greer’s comments but didn’t provide additional details, headlined: "US Announces China Trade Agreement in Geneva."

Chinese officials were expected to brief the media in Geneva later that evening.

‘Very Eager’ to Engage

Prior to this, White House economic advisor Kevin Hassett noted that the Chinese were "very, very eager" to engage in discussions and realign trade relations with the US. He also mentioned on Fox News’ Sunday Morning Futures program that more trade agreements with various countries might be forthcoming, following last week’s limited trade deal with the UK, which retained 10% US tariffs on many British products.

Hassett said he received updates from US Commerce Secretary Howard Lutnick about two dozen pending agreements being developed with USTR Greer. "They all resemble the UK deal, but each one is unique," he added.

Overnight, Trump conveyed a positive outlook on the talks, characterizing the exchanges as "a total reset… in a friendly, yet constructive, manner." He expressed a desire to see "an opening up of China to American business for the good of both nations," proclaiming "GREAT PROGRESS MADE!!!" on his Truth Social platform.

Negotiation Venue

The negotiating teams convened at a gated villa owned by Switzerland’s UN ambassador, located on the picturesque shores of Lake Geneva in the serene suburb of Cologny. The site was selected after Swiss officials engaged with both Chinese and American representatives during recent visits.

The US aims to diminish its $295 billion goods trade deficit with China and to urge China to abandon what the US views as a protectionist economic strategy while encouraging it to enhance its contributions to global consumption—an adjustment that would demand sensitive domestic reforms.

China’s state-run Xinhua News Agency criticized the US for its "reckless abuse of tariffs" that it claims has destabilized the global economic environment, yet acknowledged that the negotiations represented "a constructive and essential step to resolve disputes and avert further tension."

With entrenched distrust on both sides, there was a mutual understanding to avoid appearing vulnerable, resulting in cautious expectations surrounding potential breakthroughs.
مايو 12, 2025
Trump Celebrates Trade ‘Reset’ with China After Initial Talks

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مايو 11, 2025
US, China Wrap Up First Day of Geneva Talks Post-Trump Tariffs

U.S. Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer participate in a meeting with Swiss officials in Geneva, May 9, 2025. — Reuters

GENEVA: The United States and China concluded the first day of crucial trade negotiations in Geneva on Saturday. This was their first direct encounter since President Donald Trump imposed a new set of significant tariffs on Chinese imports.

The private meetings took place at the residence of the Swiss ambassador and reflect both nations’ tentative willingness to ease one of the most intense trade disputes seen in recent years.

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng at the ambassador’s residence, which Chinese state media described as an “important step” toward reducing tensions.

According to a source familiar with the talks, discussions are set to continue on Sunday.

Currently, Trump’s tariffs on Chinese goods average 145%, with some items facing as high as 245%. China has retaliated with tariffs of 125% on American products, putting both nations on the brink of a near-total trade halt.

On Friday, Trump suggested online that an “80% Tariff on China seems right!” However, his press secretary, Karoline Leavitt, later clarified that any potential reduction would hinge on concessions from China, indicating that both parties must contribute to any resolution.

Commerce Secretary Howard Lutnick stated that Trump is willing to ease tensions but emphasized that any tariff reductions would not come without reciprocal actions from China. “The president is interested in finding a resolution with China,” he noted.

‘The relationship is not good’

According to Bill Reinsch from the Center for Strategic and International Studies, “The relationship is not good. We are facing trade-restrictive tariffs in both directions.”

Nonetheless, analysts view the meeting as a positive indication.

Xu Bin, a professor at the China Europe International Business School, pointed out that the mere fact that the two sides are engaging in dialogue is significant. “China is the only nation that has responded in kind to Trump’s tariffs,” he mentioned.

Bessent clarified that discussions would prioritize “de-escalation” rather than seeking a comprehensive trade agreement.

In contrast, China is pushing for the U.S. to lift tariffs before making significant moves. A commentary from China’s Xinhua news agency cautioned that “trade wars and tariff conflicts yield no winners,” underscoring that both nations are facing economic repercussions.

UK deal provides some optimism

Just two days before the Geneva meetings, Trump finalized a separate agreement with the UK—his first trade pact since initiating global tariffs. This five-page deal offers specific concessions on British steel, aluminum, and automotive products in exchange for increased UK access to U.S. beef and agricultural goods.

A baseline tariff of 10% remains on most UK imports, though Trump hinted that it could be waived “if someone did something exceptional for us.”

Meanwhile, China’s latest export statistics revealed an unexpected rise, aided by a shift in trade towards Southeast Asian markets—potentially a sign that Beijing is seeking alternatives to circumvent U.S. tariffs.

While it’s still early days, the Geneva discussions could signal the beginning of a thaw in relations. For now, both sides are exercising caution while navigating these complex negotiations.

مايو 11, 2025
Trump Advocates Reducing China Tariffs, Calls 80% ‘Right!’

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US President Donald Trump meets with China’s President Xi Jinping at the G20 leaders’ summit in Osaka, Japan, on June 29, 2019 — Reuters

Washington, D.C.: On Friday, President Donald Trump hinted that he might reduce tariffs on imports from China as both countries gear up for trade discussions this weekend.

Trump stated, “An 80% tariff on China seems appropriate!” referring to the potential reduction from the current 145%, with some goods incurring up to a shocking 245% in duties.

He mentioned it’s “Up to Scott B.,” indicating US Treasury Secretary Scott Bessent’s role, as he will be meeting with China’s Vice Premier He Lifeng this weekend in Geneva in an effort to ease the ongoing tensions affecting international markets.

Trump did not clarify whether he believes 80% should be the final tariff rate on Chinese goods post-trade conflict or if it’s only a temporary measure.

In a separate message, Trump exclaimed in all capital letters, “China must open its market to the USA — this would be tremendously beneficial for them!!! Closed markets are no longer effective!!!”

His remarks came a day after he introduced what he referred to as a groundbreaking trade agreement with the United Kingdom, marking the first deal with any nation following his recent declaration of sweeping global tariffs.

Trump emphasized that the UK agreement would be the first of many, expressing his hope that challenging negotiations with both the EU and China could yield fruitful outcomes soon.

A number of countries are seeking to engage in discussions with Washington to mitigate the impact of Trump’s tariffs, which vary significantly — from 10% for many nations to the exceedingly high rates imposed on China, his primary target.

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مايو 9, 2025
Trump Administration Initiates Tariff Talks with China
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US President Donald Trump waves as he walks with Chinese President Xi Jinping. — Reuters/File
- “Washington is reaching out to China through various channels.”
- “The US is the more anxious party,” according to a Beijing-supported news outlet.
- Claims of global supply chain issues point to multiple pressures on the US.
BEIJING: Under President Donald Trump’s administration, US officials have initiated communication with their Chinese counterparts regarding significant tariffs that are impacting markets and global supply chains, according to a news outlet backed by Beijing.

Severe US tariffs, climbing to 145% on many Chinese goods, began in April, while China has retaliated with new 125% tariffs on imports from the United States.

On Thursday, Yuyuan Tantian, a Chinese outlet affiliated with state broadcaster CCTV, reported that Washington is “proactively” reaching out to China through “multiple channels” to discuss the tariffs.

“In terms of negotiation, the US appears to be the more anxious party,” the outlet, which combines news with analysis, stated on Weibo.

“The Trump administration is under various pressures,” it added. AFP has sought comments from China’s foreign ministry.

President Trump has repeatedly asserted that China has expressed interest in discussions about the tariffs.

On Wednesday, he emphasized there is a “very good chance we’re going to reach an agreement.” He noted, “But it must be on our terms and it has to be fair,” during a NewsNation “town hall” meeting.

Meanwhile, Beijing has categorically denied that any talks are currently underway, though it has urged the US to engage in discussions that are “fair, respectful, and reciprocal.”

However, China has also stated its readiness to continue the trade conflict to the end if necessary, with a social media video from its foreign ministry declaring, “We will never bow down!”
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مايو 1, 2025
Trump Praises Bezos as Amazon Abandons Tariff Label Strategy

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President Donald Trump recently commended Jeff Bezos, the founder of Amazon, for putting a stop to a proposed measure that aimed to display U.S. tariff costs alongside product listings, as reported by AFP.

The controversy began after Punchbowl News revealed that Amazon’s Haul store had considered showcasing the additional costs that Trump-imposed tariffs added to imported goods. This sparked a swift backlash from the White House, which described the action as “political.”

Trump, who allegedly spoke directly with Bezos, expressed his approval to reporters, calling the Amazon founder “terrific” and stating he “did the right thing” by halting the initiative.

While Amazon did not explicitly refute the initial report, it clarified that the idea was still under consideration and had never received final approval, meaning it would not proceed.

The issue arose as the Trump administration celebrated its first 100 days in office, defending its trade strategies against critics who contend that tariffs inflate costs for American consumers. The president has implemented broad import duties, including a 10% base tariff on various nations and significantly higher rates on China.

In a related development, UPS announced a plan to eliminate 20,000 jobs worldwide, citing a decline in business from Amazon amid changing trade conditions. The delivery service attributed the job cuts to a slowdown in international commerce, a trend many analysts associate with the rise in tariffs.

This incident underscores the delicate nature of Trump’s trade policies and their ramifications for businesses and consumers alike. Although the Amazon labeling issue has been resolved, the ongoing debate regarding who ultimately bears the burden of tariffs—businesses or consumers—continues to be a contentious aspect of U.S. economic policy.

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أبريل 30, 2025
72% of Trump Tariffs Paused Amid Trade Policy Shifts

A Comprehensive Overview of Trump’s Tariff Landscape in 2025

Introduction to Trump’s Tariffs

The landscape of tariffs initiated during President Donald Trump’s administration has seen significant fluctuations, especially as we reach the latter half of his second term. A substantial portion of these tariffs has either been paused or significantly altered, reshaping the metrics of international trade and economic relations.

Tariffs on China: The Exception

The Role of Chinese Tariffs

Despite numerous changes to tariffs imposed on other nations, tariffs on Chinese goods remain predominantly in force. These tariffs are aimed at addressing trade imbalances and unfair trade practices that the Trump administration perceived to exist. As of now, discussions about potential reductions to these tariffs linger, which adds a complex layer to the current economic scenario.

Economic Impact

The large footprint of tariffs on Chinese imports continues to exert a notable impact on nearly $950 billion worth of trade. This suggests a lingering concern regarding the effects of sustained tariffs on the overall U.S. economy and its trading partners.

Status of Other Tariffs

Global Tariff Overview

According to the latest data, around 72 percent of the tariffs implemented during Trump’s term have either been mostly or partially paused by April 2025. This indicates a rapidly evolving economic environment shaped by both domestic pressures and international relations.

Rollbacks on Other Nations

On April 9, 2025, President Trump made headlines by rolling back all country-specific tariffs—ranging from additional 11 to 50 percent—except for those on Chinese goods. This decision was aimed at stabilizing a market that had been thrown into turmoil during the earlier phases of his tariff policy.

The United States-Mexico-Canada Agreement (USMCA)

Changes to Tariffs on Canada and Mexico

The introduction of the USMCA led to significant alterations in the tariff landscape concerning imports from Canada and Mexico. Initially implemented tariffs of 25 percent were quickly declined, leading to exemptions for goods covered under the agreement.

Estimates by the Tax Foundation

The Tax Foundation has indicated that adjustments made under the USMCA have effectively halved the value of imports affected by the additional tariffs for both Canada and Mexico. This change highlights the complexities involved in tariff negotiations and their direct implications on trade volume and value.

Specific Tariffs Still in Place

Auto, Steel, and Aluminium Tariffs

While many tariffs have been altered or paused, a few remain active. Notably, tariffs on automobiles, steel, and aluminum continue to affect imports, contributing to the ongoing tension in international trade discussions.

An Overview of Affected Imports

As mentioned earlier, these remaining tariffs impact nearly $950 billion in imports. This figure not only represents a significant economic concern for trading partners but also showcases the administration’s continued focus on preserving specific industries within the United States.

The Broader Implications of Tariff Adjustments

As the political landscape evolves, the ramifications of tariff changes extend beyond simple economic metrics. Stakeholders, from policymakers to businesses and consumers, must navigate the ongoing uncertainties created by these adjustments.

The Mixed Success of Anti-Trade Initiatives

The fluctuating status of tariffs paints a mixed picture regarding the success and effectiveness of Trump’s anti-trade initiatives. The pausing and alteration of various tariffs suggest an administration grappling with both domestic economic realities and international pressures.

Future Outlook

As discussions of tariff modifications continue, the potential impacts on U.S.-China relations, as well as intercontinental trade agreements, remain pertinent topics for future economic strategies.

Through this detailed exploration, we can see how the intricate web of tariffs affects not just trade relationships, but broader economic health and strategic positioning on the global stage.

أبريل 29, 2025
Carney’s Liberals Triumph in Canada Election, Set for Minority Govt
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Supporters of Canadian Prime Minister Mark Carney react to polling results in Ottawa during the Liberal Party’s election night on April 28, 2025. — Reuters
- Trump’s tariffs and annexation talk boost Carney’s appeal.
- Carney highlights his economic background to counter Trump’s threats.
- The U.S. President reiterates his suggestion for Canada to become the 51st state.
Canadian Prime Minister Mark Carney’s Liberal Party managed to retain power in the election held on Monday, although CTV News foresees they may not achieve the majority government Carney desired to facilitate tariff negotiations with U.S. President Donald Trump.

The Liberal Party aimed to win 172 out of the 343 electoral districts in the House of Commons to secure a governing majority without relying on smaller parties.

As reported by CTV, the Liberals were leading or had been elected in 156 districts, while the Conservatives followed closely behind with 145.

The decision from British Columbia, the westernmost province where polls closed last, might determine whether the Liberals achieve a majority.

Shachi Kurl, president of the Angus Reid Institute, shared insights with Reuters about the essential elements influencing the Liberal victory.

“It was the ‘anybody-but-Conservative’ mentality, the impact of Trump’s tariffs, and the departure of Trudeau that allowed many left-leaning and traditional Liberal voters to return to the party,” Kurl explained, referencing the resignation of the oft-unpopular former Prime Minister Justin Trudeau.

Carney has pledged a firm stance with Washington regarding tariff impositions, asserting that Canada must invest significant funds to decrease its dependence on the U.S. However, the right-leaning Conservatives expressed considerable strength, calling for change after more than nine years under Liberal governance.

Typically, minority governments in Canada last no longer than two and a half years.

The Canadian Broadcasting Corporation predicted a win for the Liberals but did not immediately indicate whether it would be a majority or minority government.

This election result marks a noteworthy resurgence for the Liberals, who were trailing by 20 points in the polls back in January, prior to Trudeau announcing his resignation and Trump launching tariff threats.

Trump’s warnings instigated a wave of nationalism, enhancing support for Carney, a political newcomer with prior leadership experience at two G7 central banks.

In a recent campaign statement, Trump indicated he might impose a 25% tariff on Canadian vehicles, claiming that the U.S. doesn’t want those imports. Earlier, he had suggested utilizing “economic force” to persuade Canada to accept statehood as the 51st state.

Carney has stressed that his extensive experience with economic matters positions him as the top candidate to handle Trump effectively, while Conservative leader Pierre Poilievre has focused on issues surrounding the cost of living, crime, and a housing crisis.

On social media, Trump reiterated his call for Canada to join the U.S. as the 51st state, expressing, “Good luck to the great people of Canada! Elect the man who has the strength and wisdom to cut your taxes in half and enhance your military power, free of charge, to the highest level in the world. Your Car, Steel, Aluminum, Lumber, Energy, and all other businesses can QUADRUPLE in size with NO TARIFFS OR TAXES if Canada becomes the cherished 51st state of America. No more artificially drawn lines from the past.”

Conservative Disappointment

Tensions with the U.S. propelled supporters from two smaller parties, the left-wing New Democratic Party and the separatist Bloc Quebecois, to align with the Liberals.

The last party to secure four consecutive elections in Canada was the Liberals back in 2004.

This election outcome represents a significant setback for Poilievre, who centered his campaign on domestic issues and asserted that the Liberals had “broken” the country.

Neither Carney’s nor Poilievre’s team provided immediate comments regarding the forecasts from CTV and CBC.
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أبريل 29, 2025
China mulls tariff exemptions for select goods from the US
A panoramic view of a container terminal in Hong Kong, China, April 23, 2025. — Reuters
- Beijing is set to introduce tariff exemptions for eight semiconductor-related products.
- China is considering these exemptions in light of weak demand and deflation worries.
- The exemptions could alleviate some pressure on U.S. markets and provide relief for the White House.
China is contemplating lifting its 125% tariffs on certain U.S. imports and is soliciting businesses to submit lists of products that might qualify for relief. This marks a significant indication that Beijing is concerned about the potential negative impacts of its trade war with the U.S.

According to a source who requested anonymity, a task force from the Ministry of Commerce is gathering proposals for which items could be exempt from tariffs. Reports from financial publication Caijing suggest that eight semiconductor-related goods, excluding memory chips, are under consideration for exemptions.

A widely circulated list on social media and amongst businesses and trade organizations features 131 product categories that could be eligible for exemption. However, Reuters has not confirmed the accuracy of this list, which includes items ranging from vaccines and chemicals to jet engines.

Repeated inquiries to China’s customs department went unanswered, and neither the customs department nor the Ministry of Commerce responded to faxes seeking clarification.

Bloomberg initially reported on Friday that China was evaluating potential tariff exemptions.

The proposed exemptions signal, much like in Washington, that Beijing is genuinely worried about the economic hardships spreading throughout the country as China and the U.S. drift apart economically.

While U.S. officials have expressed that the current situation is untenable and have already extended tariff exemptions to select electronic goods, China has consistently indicated its readiness to endure until the U.S. withdraws its tariffs.

However, despite this tough stance, China’s economy appears to be nearing a state of deflation, grappling with weak demand and sluggish consumer spending and confidence that have yet to fully rebound since the pandemic.

The Chinese government is urging exporters affected by tariffs to shift their focus to domestic markets. Yet, firms report that profit margins are declining, demand remains weak, and customers are increasingly unreliable.

Implementing exemptions could provide a significant relief gesture, as it would allow for a degree of resumed trade, reducing the economic strain on the U.S. and easing burdens on the White House.
أبريل 25, 2025
Trump Advocates for ‘Fair’ China Agreement Amid Tariff Stalemate

Title: Trade Negotiations Between the U.S. and China Remain Stalled

Image Caption: U.S. President Donald Trump — Reuters/File

Washington, D.C. – President Trump has expressed his desire for a "fair" trade agreement with China, although the timeline for resolving the ongoing tariff standoff remains uncertain.

During a press conference in Washington on Wednesday, Trump confirmed that discussions with Beijing are actively taking place, indicating that a potential agreement might be within reach. However, senior U.S. officials did not provide specific details regarding the reduction of existing tariffs.

When questioned about the status of U.S.-China negotiations, Trump stated that the U.S. would secure a "fair deal," asserting that efforts to communicate with Beijing are consistent and ongoing. He noted that the timing for any tariff reductions "depends on them," referring to Chinese leaders. Despite these tensions, Trump maintained that he has a "good relationship" with Chinese President Xi Jinping and remains hopeful that an agreement can be achieved soon.

The trade conflict between the world’s two largest economies has intensified as Trump has increased tariffs on imports from China this year. This includes an additional 145 percent levy on numerous products, driven by grievances over practices deemed unfair and related issues.

China has responded with its own tariffs, imposing 125 percent duties on U.S. goods in retaliation.

While the U.S. appears to be striving for a fair resolution, the specifics of any ongoing negotiations continue to be unclear. When asked if there was direct communication regarding trade, Trump replied affirmatively, stating, "Every day."

Nonetheless, U.S. Treasury Secretary Scott Bessent indicated earlier on the same day that the two nations were "not yet" in discussions about lowering tariffs. He emphasized that both sides are likely waiting for the other to take the first step.

Bessent suggested that the exceptionally high tariffs enforced by both nations cannot remain in place indefinitely. "I don’t think either side believes that the current tariffs are sustainable, so I’m not surprised if they decrease mutually," he remarked during an event related to the International Monetary Fund and World Bank meetings in Washington.

He described the current situation as akin to an embargo, asserting that the breakdown of trade relations is counterproductive for both countries. While he noted the strong personal connection between Trump and Xi as a potential blessing, he added that any efforts to de-escalate tensions would not start at the top levels of government.

While Trump has implemented significant tariffs across various sectors and countries, he has also swiftly introduced exemptions for certain products—most recently providing temporary relief for technology items such as smartphones and semiconductor manufacturing equipment.

There are reports that he might further expand these exemptions, possibly including automotive components from tariffs on Chinese imports, in addition to those on steel and aluminum.

In a separate discussion on Wednesday, Trump stated he does not anticipate making changes to U.S. auto tariffs, though he did indicate that tariffs on vehicles imported from Canada could increase.

Bessent also refrained from issuing a clear opinion on whether Trump could dismiss Federal Reserve Chair Jerome Powell, referencing Trump’s earlier remark that the "termination" of Powell could not come soon enough, which he suggested may relate to the conclusion of Powell’s term rather than an immediate dismissal.

Earlier, Bessent pointed out that China’s economy, heavily reliant on exports, is "unsustainable" and detrimental to both China and the global economy. He reiterated U.S. concerns about trade imbalances that the Trump administration aims to address through extensive tariffs, while also emphasizing that "America first does not mean America alone." He argued that the administration’s approach seeks to encourage deeper collaboration and mutual respect among trade partners, while contesting policies from other nations that he believes have weakened U.S. manufacturing and compromised national security.

أبريل 24, 2025
10 Defining Moments from Trump’s First 100 Days

Key Moments in President Trump’s Second Term: The First 100 Days

Since returning to the White House, President Donald Trump has drastically shifted U.S. foreign policy, created turmoil in the financial markets, and turned the Oval Office into a whirlwind of major events. Below, we highlight ten significant moments from the first 100 days of his second term.

January 20: A Surge of Executive Orders
On his first day back, Trump signs an unprecedented 26 executive orders. His actions immediately set a confrontational tone, such as withdrawing the United States from the World Health Organization and granting pardons to individuals who participated in the Capitol riots four years ago.

Trump signs an executive order aimed at overhauling the U.S. electoral process. — AFP

February 4: A Bold Proposal for Gaza
During talks with Israeli Prime Minister Benjamin Netanyahu, Trump suggests that the embattled Gaza Strip might be transformed into "the Riviera of the Middle East" under U.S. control. He proposes a redevelopment plan for the area, indicating hopes of relocating the Palestinian population, prompting widespread condemnation worldwide.

February 12: A Unique Press Conference
In an unusual event, Trump holds a press conference in the Oval Office alongside billionaire entrepreneur Elon Musk and his son. Musk, who heads federal budget-cutting efforts through the newly formed Department of Government Efficiency (DOGE), faces scrutiny over transparency issues, while young X — Musk’s son — adds a peculiar touch to the proceedings with his fidgeting.

Elon Musk’s son, X A-Xii, shares the spotlight with Trump in the Oval Office. — Reuters

February 12: Renewed Relations with Russia
Trump reaches out to Russian President Vladimir Putin, holding a substantial 90-minute phone conversation that breaks years of diplomatic silence. This leads to a second call later in the month and a series of U.S.-Russia meetings exclusive of European nations, resulting in notable prisoner exchanges.

February 14: Vance’s Bold Speech in Munich
Vice President JD Vance delivers a surprising address at the Munich Security Conference, admonishing European leaders for limiting free speech, demanding they enhance their defense efforts, and critiquing their immigration policies. This marks a clear shift in U.S. sentiment toward traditional European alliances.

February 28: Tension with Ukraine’s President
Ukrainian President Volodymyr Zelensky faces harsh criticism from both Trump and Vance during a contentious White House meeting. They accuse him of ingratitude for U.S. assistance, leading Democratic Senate Minority Leader Chuck Schumer to accuse the duo of acting in Putin’s interests via social media.

March 7: Targeting Universities
The Trump administration combats anti-war protests on university campuses by cutting $400 million in federal grants to Columbia University, alleging the school failed to protect Jewish students from harassment. Additionally, the administration freezes $2.2 billion in funding to Harvard University over governance compliance issues.

Demonstrators display Palestinian flags during a rally outside the White House, advocating for a ceasefire in the Israeli-Palestinian conflict. — AFP

March 15: Expulsions to El Salvador
Using a little-known wartime statute, the administration expels over 200 alleged gang members to a high-security prison in El Salvador. The legality of this action is challenged and is now pending in the Supreme Court.

Homeland Security Secretary Kristi Noem speaks during a prison tour in El Salvador. — AFP

March 26: Greenland in Focus
Trump reiterates his desire for the U.S. to take control of Greenland, insisting on its importance for national security. His comments result in sharp protests from Danish leaders and limit the visit of the Vice Presidential couple to mainly military sites on the island.

April 2-9: Tariff Imposition
On April 2, Trump announces an extensive set of tariffs on numerous countries, claiming they take advantage of the U.S. However, by April 9, he backs down slightly, applying a temporary 10% tariff on most imports but imposing significantly higher tariffs on Chinese goods, causing volatility in global markets.

Trump’s announcement on tariffs sends ripples through international markets. — AFP

The past few months have showcased Trump’s determination to reshape American policies and establish a controversial legacy during his second term. As developments continue, the implications of these actions will unfold further.

أبريل 22, 2025
Japan PM Calls for ‘Equity’ in Currency Talks with Trump Admin
A collage featuring Japanese Prime Minister Shigeru Ishiba (left) and US President Donald Trump. — Reuters/File
- PM Ishiba hints at potential purchase of additional US energy.
- Finance Minister to confer on currency policies with US Treasury official.
- Kato dismisses the idea of using US Treasury holdings as negotiation leverage.
TOKYO: Japanese Prime Minister Shigeru Ishiba has emphasized the importance of “fairness” in any discussions with the administration of US President Donald Trump regarding exchange rates. This point arises as bilateral trade negotiations capture international attention amidst Washington’s tariff initiatives.

In a segment on the public broadcaster NHK, Ishiba suggested that Japan might increase its purchases of US energy and hinted at a possible resolution regarding US claims of non-tariff barriers affecting the Japanese automobile sector.

President Trump made a surprise appearance during the initial phase of US-Japan negotiations on Wednesday, declaring that “significant progress” has been made. He reiterated his desire for discussions to include allegations that Japan is purposefully devaluing its currency to unfairly benefit its exporters.

Ishiba stated that detailed conversations regarding currency policy will be conducted between Finance Minister Katsunobu Kato and Treasury Secretary Scott Bessent.

“We must approach this matter from a perspective of fairness,” Ishiba remarked when asked about Japan’s potential response to US requests for cooperation in elevating the yen’s value. He chose not to elaborate further.

Japan has consistently dismissed claims of manipulating the yen. Over the years, it has fought to maintain a robust currency to support its export-driven economy but only last intervened in the foreign exchange market last year to strengthen the yen.

Kato is scheduled to travel to Washington this week for a meeting with G20 finance ministers in conjunction with the International Monetary Fund’s (IMF) spring session. He is expected to engage in bilateral trade discussions with Bessent.

US Energy Imports

Some experts suggest that Japan might leverage its substantial US Treasury holdings—exceeding $1 trillion, the largest globally—as a trade negotiation tool. However, Kato recently ruled out using these assets in such a manner.

“This is founded on mutual trust between our nations, as well as on the stability of the global economy and our own economies,” Ishiba explained when asked about the possibility of referencing US debt holdings during the negotiations.

Although Japan is currently facing a 24% tariff on its exports to the US under Trump’s administration, these tariffs have been temporarily suspended until early July. A universal rate of 10% remains, along with a 25% duty on automobiles, which are crucial to Japan’s economy.

Nikkei Asia reported recently that Japan is contemplating relaxing automobile safety regulations for imports as part of its negotiation strategy with the US. Washington has long claimed that Japan’s safety standards constitute a non-tariff barrier, while the Japanese government and industry experts argue that US automakers do not produce vehicles suited for Japanese roads and driving conditions.

In response to such accusations, Ishiba acknowledged the differences between US and Japanese traffic and safety regulations but emphasized the importance of ensuring Japan’s safety standards aren’t deemed unfair.

He also expressed a willingness to increase Japanese investments in the US, especially in the energy sector.

“Currently, Australia is Japan’s top supplier of liquefied natural gas, with the US ranking fourth. There is certainly potential for increased purchasing. However, the key question is whether the US can provide this energy consistently,” he noted.
أبريل 20, 2025
Trump Hints at Ending China Tariffs; TikTok Deal Stalled
Drone imagery of a cargo ship at Kwai Tsing Container Terminals in Hong Kong, April 16, 2025. — Reuters
- “I don’t want them to increase,” says the U.S. President regarding tariffs.
- Markets reacted sharply to the implementation of higher tariffs on April 2.
- Trump states that China is hopeful about negotiating a deal.
On Thursday, President Donald Trump of the United States hinted at a possible end to the escalating tariff disputes between the U.S. and China, which have caused significant market turmoil. He indicated that any agreements concerning the social media platform TikTok might need to be postponed.

“I don’t want them to go any higher because ultimately you reach a point where consumers pull back,” Trump expressed to reporters during a session at the White House.

“So, I might choose not to escalate further or even maintain the current levels. It’s important to encourage purchasing, and if tariffs go too high, people won’t buy,” he added.

These remarks suggest a waning interest in enforcing broad increases in tariffs across multiple countries, particularly following the market backlash after the tariffs were introduced on April 2.

The Republican leader imposed a 10% tariff on most imported goods but has postponed further increases while negotiations are underway.

Nonetheless, he has raised tariffs on imports from China to an overall rate of 145%, a response to Beijing’s counteractions. China recently announced that it “will not engage in a numbers game with tariffs,” signaling that it does not plan to implement further tariff increases.

Trump stated that China has been in communication since the tariffs were applied and expressed hope for an eventual agreement.

Although both sides are in contact, sources informed Reuters that high-level discussions necessary for a resolution have mostly been absent.

When asked by reporters, Trump refrained from disclosing the specifics of discussions between the nations or if they directly involved Chinese President Xi Jinping.

Trump has continually extended a deadline for China-based ByteDance to divest its American TikTok assets, stating that a resolution regarding the app would likely be postponed until the trade matters are resolved.

“We have a plan for TikTok, but it’s contingent on China, so we’ll delay the agreement until this situation is settled one way or the other,” Trump remarked.
أبريل 18, 2025