US threatens EU with $4 billion worth of additional tariffs
The United States could hit European Union products with $4 billion (€3.5 billion) in tariffs according to a statement on Monday.
Trade
Europe Circumvents U.S. Sanctions On Iran
Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running.
Trump says China trade talks ‘back on track,’ new tariffs on hold
The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.
American Delegates Reiterate US ‘Maximum Pressure” Campaign on Iran to Allies, While Iran Agrees to Stay in Nuclear Deal
Acting Defense Secretary Mark Esper met with NATO officials in Brussels Thursday, the same day special envoy Brian Hook was in Paris to drum up support from nuclear deal partners for the US’s position on Iran.
Trump heads to Asia for talks on trade, Iran, North Korea
Heading into what is likely his most consequential overseas trip of the year, President Trump will be forced to grapple with a flurry of international crises, tense negotiations, and a growing global to-do list.
Trump says trade deal ‘possible’ with China’s Xi, tariffs could be lower
U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
Trump May Have Accidentally Imposed ‘Bible Tax’ Through Sanctions On China, Say Christian Publishers
Representatives for major American Bible publishers met with the U.S. International Trade Commission on Tuesday and Wednesday, hoping to apprise the Trump administration of potential effects on Bible manufacture in the US-China trade war.
Mexico first to ratify new North American trade agreement
Mexico has become the first country to ratify the new trilateral trade deal pushed by U.S. President Donald Trump as a replacement for the North American Free Trade Agreement.
Oil tankers hit in fresh ‘attack’ in Gulf of Oman amid Iran tensions
The US Navy said it is helping the crew of two oil tankers after a ‘reported attack’ in the Gulf of Oman, just weeks after the US accused Iran of attacking other oil vessels in the same area.
Trump ready to slap more tariffs on China after G20 meeting
U.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with China’s President at a Group of 20 summit later this month.
US said to mull further Iran sanctions targeting trade with Europe
The Trump administration is reportedly considering sanctions against an Iranian financial body set up to enable humanitarian trade with Europe, a measure that would likely end any possibility of European countries maintaining economic and humanitarian trade with Tehran.
U.S. Payrolls, Wages Cool as Trade War Weighs on Economy
U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.
With Mexico Deal Done, US Urges China to Resume Trade Talks
One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States.
U.S. tightens Venezuela oil sanctions, indicates more actions to come
The U.S. Treasury Department on Thursday tightened its pressure on Venezuela’s state-owned oil company by making clear that exports of diluents by international shippers could be subject to U.S. sanctions.
Trump: ’Not Nearly Enough’ Progress Made in Talks Between Pence and Mexican Foreign Minister on Trade Tariffs and Immigration Crisis
‘Not nearly enough’ progress was made in a discussion between Vice President Mike Pence and Mexican Foreign Minister Marcelo Ebrard Wednesday, according to President Trump, who decided last month to place a 5% trade tariff on all Mexican goods entering the US until Mexico stems the tide of migrants coming through its northern border.
Trump says ‘at least’ $300B in new China tariffs possible
President Trump said Thursday that while trade negotiations remain ongoing with China, his administration was preparing ‘at least’ $300 billion in new tariffs on their goods if the talks fall apart.
US, Mexico officials to begin talks over tariffs, border
Top officials from the U.S. and Mexico will begin talks Monday in a scramble to fend off President Donald Trump’s threat of devastating tariffs on imports from the southern ally and meet his demand for fewer migrants at the border.
Stocks plunge as China trade war and Mexico tariffs fuel a ‘triple hit of bad news’
US stocks fell sharply on Friday after the Trump administration threatened tariffs on all imports from Mexico if the country did not do more to reduce illegal crossings at the southern US border. China’s confirmation that it has planned out how to restrict America’s supply of critical rare-earth metals, and a decline in Chinese manufacturing in May, also weighed on markets.
Man on Motorcycle Appears From Nowhere to Rescue Missionaries from Gun-Toting Crowd
A group of missionaries was spared from a gun-wielding mob of protesters in Haiti following a visitation by a man on a motorcycle who told them “it’s going to be okay.”
U.S.-EU Trade Talks Stumble, Threatening New Trade War Front
Even though President Donald Trump held fire earlier this month on auto tariffs that have the potential to further roil Europe’s struggling economy, a litany of domestic dilemmas on both sides of the Atlantic threaten to frustrate efforts at a trade pact before they’ve even begun.