Trump Tariffs

While addressing a press briefing, Press Secretary Karoline Leavitt said that US President Donald Trump believes in reciprocity and wants to have fair and balanced trade practices

The share of China in US aluminium imports fell from 9.36 per cent in 2017 to 4.52 per cent in the 12 months ending November 2022

Beijing and Washington have been embroiled in a 17-month trade war that has disrupted global grain flows, rattled markets and weighed on world economic growth

While Trump said in a speech that a phase-one trade deal was close, the market focused on his comments about raising tariffs on Chinese goods

The Trump administration last year imposed tariffs on imported steel and aluminum to shield US producers from overseas competition and protect jobs

Companies in sectors such as technology, clothing and footwear are exporting more goods from emerging giants including Vietnam and Malaysia

The report recommended a 25% customs duty on car imports from all countries except Canada and Mexico

Trump's rhetoric against cars made in Germany, Japan and Mexico was common on the campaign trail and continued early on in his presidency