US TARIFFS
Automakers hold their breath on Trump's erratic US tariffs
US President Trump's fluctuating trade policies have created uncertainty for carmakers, who are currently navigating tariffs on auto imports. While the immediate impact is buffered by existing inventory, automakers face decisions on absorbing or passing on costs.
'Ball is in China's court, they need our money': Trump wants Beijing to 'make a deal'
Amid rising trade tensions between the United States and China, President Donald Trump has said the onus is now on Beijing to finalise a tariff agreement. White House press secretary Karoline Leavitt read out a message she said was dictated by Trump: “The ball is in China’s court. China needs to make a deal with us. We don't have to make a deal with them.”
US tariff uncertainties to hit these three sectors hardest: Jefferies
A Jefferies report indicates that US tariff uncertainties will significantly affect manufacturing, logistics, and retail sectors due to their global supply chain reliance. The rising possibility of a US recession could lead to rate cuts, negatively impacting the BFS vertical. Sectors like communications, insurance, and healthcare are expected to be the least affected.
How US tariffs will impact NZ’s top exports
New Zealand's exporters face uncertainty as the US, its second-largest market with nearly $9 billion in purchases, grapples with tariff wars. Key exports like meat, especially beef crucial for US blending, dairy, and wine are at risk. While beef might be cushioned by limited US supply, wine faces challenges due to declining global demand.
New Zealand exports hit by US tariffs; industries look to diversify markets
Although retaliatory tariffs have been paused by the US for 90 days, the 10% tariffs on New Zealand, have left industries maneuvering the market. Kiwi businesses which are largely prospective, with New Zealand being a new market economy, the government has raised prices on dairy, chocolates and milk by 3.5%, its core export generating revenue
Taiwan to simulate impact of US tariffs on semiconductor sector
The United States relies heavily on chips imported from Taiwan, a reliance former President Joe Biden sought to end during his term by granting billions of dollars in Chips Act awards to lure chipmakers to expand production in the country. Speaking to reporters outside parliament, Taiwan Economy Minister Kuo Jyh-huei said he would seek to discuss the matter with the United States and ensure "fair competition" for Taiwanese industry.
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Pharma companies may feel heat of US tariffs on China
India's pharmaceutical industry is bracing for potential disruptions due to US tariffs on Chinese goods. Experts warn that China may increase prices for key pharmaceutical ingredients exported to India to offset tariff costs. With India heavily reliant on China for APIs and intermediates, this could lead to higher medicine production costs.
EU tariffs on US goods suspended until July 14
Brussels has postponed retaliatory tariffs on $21 billion worth of US goods until July 14th, aiming to facilitate negotiations with Washington. This decision follows the EU being subjected to a 20% tariff by the US, which was later suspended for 90 days.
China President Xi Jinping announces winner of Tariff war. This will not make Donald Trump happy
Donald Trump has paused some tariffs, he has kept in place 145 per cent duties on China, the world's second-largest economy.
Why this round of tariffs feels so personal
Despite a temporary tariff pause, CEOs anticipate a recession due to unpredictable trade policies. Hobbies, integral to many lives, are significantly impacted. Increased costs are expected for baking, publishing, and pet care. Gamers face potential price hikes, and the board game industry foresees challenges.
Japan says US tariffs cut company profits 'day by day'
Japan's envoy, Ryosei Akazawa, is heading to Washington for crucial tariff talks, as Japanese companies face dwindling profits due to existing US tariffs. Prime Minister Shigeru Ishiba discussed the tariffs' impact with Singapore's leader, highlighting concerns for businesses in Southeast Asia.
China urges USA to take 'big step' as Beijing sends direct tariffs message to Washington. Will President Donald Trump comply?
U.S. President Donald Trump said on Saturday that he will provide an update on his administration's approach to semiconductor tariffs on Monday
China calls on US to 'completely cancel' reciprocal tariffs
China urged the United States to completely eliminate its reciprocal tariffs following Washington's exemptions on consumer electronics and chipmaking equipment. A commerce ministry spokesperson called for the US to correct its mistakes and return to mutual respect.
Phones on, no vacation: China adopts wartime footing to counter Trump's tariff tantrums
China has adopted a wartime footing in response to Donald Trump's tariffs. Government officials are on high alert. They are also seeking international support against the US measures. Beijing is trying to establish communication channels with the Trump administration. They aim to defend their trading relationship. China is also retaliating with tariffs and restrictions.
They’re just a tax on Americans: China has a message for US citizens amid the ongoing trade war
Amid escalating trade tensions, China is directly addressing the American public, warning that increased tariffs imposed by President Trump will ultimately burden US consumers with higher prices. Beijing is challenging the narrative that tariffs solely impact foreign economies, emphasizing the domestic economic consequences. This marks a shift in China's communication strategy.
Trump's tariffs against China major test for Xi Jinping's leadership: Nicholas Burns
Former US Ambassador Nicholas Burns highlights the challenges President Xi Jinping faces due to US tariffs amid China's economic slowdown, property bubble hangover, and declining FDI. Burns suggests Trump's tariffs would be more effective with allied support, noting China's violation of international rules and the potential for economic decoupling if the trade war persists, impacting both economies significantly.
US exempts smartphones, computers from global Trump tariffs
The Trump administration exempted key tech products from harsh tariffs, easing pressure on U.S. firms like Apple and Nvidia amid an escalating trade war with China. The move partially offsets retaliatory Chinese tariffs, but economic tensions remain high, with markets rattled and fears of a global recession growing.
US tariffs could shrink global trade by 3%: UN economist
Tariffs imposed by the US could shrink global trade by three per cent, prompting a shift in export markets from the US and China towards India, Canada, and Brazil. China's retaliatory tariffs of 125 per cent on US imports signal a long-term strategy, potentially halting goods trade between the two largest economies.
Some US semiconductor chip designing firms to escape China's tariffs. Does Nvidia feature in the list?
U.S. chip designers such as Qualcomm and AMD that outsource manufacturing to Taiwanese chipmaking giant TSMC.
What has China done so far? What could China do next?
As trade tensions escalate, China retaliates against US tariffs by raising duties on American goods and targeting specific companies. Beijing is also exploring alternative strategies, including potential currency devaluation and seeking support from other nations. While open to talks, China insists on equality and mutual respect, signaling a firm stance against perceived US pressure.
Despite Trump pause, overall US tariff rate at highest since 1903
Donald Trump's tariff policies significantly impact US trade. New tariffs on China raise the average US tariff rate. Experts estimate the rate is highest since 1903. These tariffs affect a large portion of US imports. Analysts predict shrinking imports from China. The policies may reduce US GDP. Recession is still a possibility.
US suspends additional 26% tariff on India till July 9: White House
The US has temporarily suspended additional tariffs on India for 90 days, until July 9, 2025, offering relief to Indian exporters. This decision provides a window for advancing bilateral trade agreement talks between India and the US. While a 10% baseline tariff remains, exporters are optimistic that diplomatic engagement will mitigate the impact.
Trump's 10% baseline tariff likely to remain: Top economic advisor
Kevin Hassett, top economic advisor, indicated that President Trump's 10 percent tariff, excluding China, is likely to remain in place. This decision follows a temporary pause on higher tariffs for other nations. Trump aims to leverage tariffs to pressure trading partners into addressing long-standing American demands, despite recent bond market fluctuations influencing the timing.
Trump-Xi potential showdown on cards as US targets China alone in tariff war
US President Trump's tariff U-turn isolates China, escalating trade tensions as US tariffs on Chinese imports surge. This move pressures China's economy, prompting revised growth forecasts and defensive strategies from Beijing, including seeking alliances and domestic stimulus. Despite economic pressures and warnings, China remains firm, signaling a long-term shift towards prioritizing security over economic development.
US trying to reset the rules of the trade game with China, says Piyush Goyal
Commerce Minister Piyush Goyal on Wednesday stated that the US is attempting to reset global trade rules with China, signaling a shift in the trade landscape. Speaking at the News18 Rising Bharat Summit 2025, Goyal highlighted the differential tariffs imposed by the US and viewed the US-China trade war as an opportunity for India.
US Plus One: Trump creates a +1 world where US exporters won’t thrive
Trump’s steep tariffs aim to bring manufacturing back to the US, forcing some firms to rethink supply chains. But delinking US firms from global trade flows could marginalise American exports. Meanwhile, China rose by integrating with Asia, offering low costs, and attracting global firms to its vast market.
US tariffs on India: Piyush Goyal to meet exporters on April 9
Commerce and Industry Minister Piyush Goyal will meet with exporters to address concerns arising from the US's imposition of a 26% reciprocal tariff. The discussion will involve commerce ministry officials, EPCs, and FIEO representatives, focusing on the potential impact on Indian exports like shrimp, carpets, and medical devices, given the US accounts for a significant portion of India's trade.
India's domestic demand big magnet amid US trade tariffs: Nirmala Sitharaman
Nirmala Sitharaman highlighted India's economic resilience and strong domestic demand as key factors for continued growth amid global trade challenges and US tariffs. She emphasized India's potential to capitalize on domestic efficiencies and attract FDI, positioning the nation as a significant engine for global growth despite prevailing economic headwinds.
Tariff storm ahead: Indian exports to US may face $5.76 bn setback this year
India's exports to the US from sectors like marine items, gold, and electronics are projected to decline by USD 5.76 billion due to increased American tariffs. Some sectors, such as textiles and pharmaceuticals, might achieve modest gains. The US has implemented additional duties, significantly impacting India's trade dynamics.
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