Tag: Tariffs

China lifts heavy tariffs on Australian wine as ties improve

FILE – Visitors wearing face masks walk past a display of Australian wines and other agricultural products at the China International Import Expo (CIIE) in Shanghai, China, Nov. 5, 2020. China on Thursday, March 28, 2024, said it would lift tariffs placed on Australian wine over three years ago, in a sign of improving ties […]

EU Commission proposes to impose tariffs on imports of grain from Russia

BRUSSELS (AP) — The European Commission, the executive arm of the European Union, is proposing to member countries to impose tariffs on grain imports from Russia and Belarus, commission President Ursula von der Leyen said Thursday. Speaking at the end of the opening day of a summit of EU leaders in Brussels, Von der Leyen […]

Trump says tax cuts could offset 10% tariffs, eyes entitlements

WASHINGTON (Reuters) -Donald Trump laid out some of his financial priorities on Monday and defended his planned 10% across-the-board tariffs, saying any resulting price increase for families could be offset by tax cuts and calling for his 2017 tax cuts to be extended. The Republican U.S. presidential candidate, speaking in an interview on CNBC, also […]

Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says

WASHINGTON — The sweeping tariffs that former President Donald Trump imposed on China and other American trading partners were simultaneously a political success and an economic failure, a new study suggests. That’s because the levies won over voters for the Republican Party even though they did not bring back jobs. The nonpartisan working paper examines […]

Australia Says China’s Wine Tariffs Could End Early Next Year

(Bloomberg) — The crippling tariffs that China’s government imposed on Australian wine exports almost three years ago could be lifted shortly, Australia’s trade minister Don Farrell said on Sunday. Most Read from Bloomberg China started reviewing the sanctions in late November and that process was “well and truly underway,” Farrell said in an interview with […]