Trump says US prices ‘could go up’ as he threatens new tariffs on trade partners
President says US will impose ‘reciprocal’ duties but no new specific tariffs are announced
Donald Trump threatened to ramp up his economic assault on some of America’s biggest trading partners on Thursday, vowing to impose new tariffs on countries that target products made in the US within weeks.
The US will impose “reciprocal” duties, the president announced. “We want a level playing field,” he declared in the Oval Office, pledging to roll out a “beautiful, simple system” of new US import duties that match those imposed by other countries.
Continue reading...
Read more at The Guardian
Topics
-
Trump signs memo to determine reciprocal tariffs on US trading partners
Trump signed a memo calling on his administration to determine "the equivalent of a reciprocal tariff with respect to each foreign trading partner."ABC News - 1h -
Trump threatens reciprocal tariffs in bid to "ensure fairness" on trade
America's trading partners keep their markets to closed to U.S. exports, White House says in ordering up plan to impose global tariffs.CBS News - 2h -
Donald Trump plans reciprocal tariffs on US trading partners
White House says levies will first target countries that the US has the highest trade deficits withFinancial Times - 3h -
Trump threatens U.S. trading partners and allies with reciprocal tariffs
President Donald Trump signed a memorandum Thursday calling for "fair and reciprocal" trade tariffs on all major U.S. trading partners, including longtime allies.NBC News - 3h -
Mitch McConnell says Trump's trade war will raise prices: 'Tariffs are bad policy'
Mitch McConnell and Donald Trump have had a rocky relationship since their falling out over Trump's loss to Joe Biden in the 2020 presidential election.CNBC - 1d -
Trump's steel tariffs could trigger broader trade war as EU threatens 'proportionate countermeasures'
European Commission President Ursula von der Leyen said U.S. tariffs "will not go unanswered."CNBC - 2d -
How Trump’s tariffs could impact the price of gold
Tariffs aren’t necessarily bullish for the yellow metal.MarketWatch - 3d -
Trump says he will announce new tariffs on aluminum, steel imports on Monday
President Trump also said he would announce "reciprocal tariffs" on Tuesday or Wednesday.CBS News - 3d
More from The Guardian
-
Pete Hegseth says ‘everything is on the table’ to end Ukraine war
US defence secretary suggests cutting number of American troops in Europe could even be part of a deal with Russia. The US defence secretary, Pete Hegseth, has said “everything is on the table” to ...The Guardian - 3h -
Israel says it will stick to agreed hostage demands after Trump causes confusion
Government says it will follow ceasefire agreement as long as Hamas releases three hostages on Saturday. The Israeli government has signalled it intends to stick to the hostage release schedule ...The Guardian - 5h -
Just a fluke: whale spits out kayaker in incident captured on camera
‘I thought I was dead,’ said the kayaker, who was let go by humpback off the Chilean coast after a few seconds. A humpback whale briefly scooped a kayaker into its mouth off the Chilean ...The Guardian - 4h -
Elon Musk says he’ll drop his $97bn bid for OpenAI if it remains a non-profit
Billionaire’s lawyers say offer will be withdrawn if firm he helped found a decade ago ‘preserves the charity’s mission’. Elon Musk says he will abandon his $97.4bn offer to buy the non-profit ...The Guardian - 2h -
Mexican president blasts US for harboring drug cartels
Claudia Sheinbaum gives riposte to Trump’s accusation of ‘intolerable alliance’ between Mexican government and gangs. Mexico’s president has accused the US of harboring drug cartels and American ...The Guardian - 1h
More in World
-
Tropical Cyclone Zelia Heads Toward Australia’s Pilbara
The storm is expected to make landfall Friday afternoon, with wind gusts of up to 180 miles per hour. A port crucial to the global economy has shut down.The New York Times - 12m -
Trump Says Ukraine Will Not Be Sidelined in Peace Talks With Russia
Asked whether Ukraine would be part of the negotiations, the president said on Thursday, “Of course they would.” A day earlier, he had suggested otherwise, and appeared ready to make concessions ...The New York Times - 25m -
U.S.S. Harry S. Truman Carrier Collides With Commercial Ship Off Egypt
The U.S.S. Harry S. Truman, which had launched airstrikes against the Houthis in Yemen, struck a commercial vessel near Port Said on Wednesday, Navy officials said.The New York Times - 33m -
FirstFT: Narendra Modi visits Washington as Trump threatens new tariffs
Also in today’s newsletter, Alibaba says it will be Apple’s AI partner in China, and Europe frets over Trump-Putin talksFinancial Times - 38m -
The heartlessness of the deal: how Trump’s ‘America first’ stance sold out Ukraine
The US president does not care who controls east Ukraine, so long as he can access the rare earth minerals underneath. In Donald Trump ’s world, everything has its price.. There is no place for ...The Guardian - 43m