The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.
Tag: International Trade and World Market
Philippines’ Leader Meets With Trump to Clinch Trade Deal
President Trump announced that he had secured a deal with the country that will leave a 19 percent tariff in place, though no details were immediately available.
U.S. Is Missing the Century’s ‘Greatest Economic Opportunity,’ U.N. Chief Says
In a speech on renewable energy, António Guterres cited “clear market distortion” in favor of fossil fuels by President Trump and others but called the transition to cleaner energy economically inevitable.
Chinese Car Giants Rush Into Brazil With Dreams of Dominating a Continent
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
China’s Hardball Tactics Set Tone for Difficult Summit with Europe
Beijing is betting that economic pressure and diplomatic defiance will force concessions, but its stance could put more strain on its ties with Europe at a crucial time.
As Trump Courts a More Assertive Beijing, China Hawks Are Losing Out
The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.
K-Beauty Fans Stock up on Cosmetics After Trump’s Tariff Threat
American consumers of Korean cosmetics and skin-care products are bulk buying, as President Trump threatens 25 percent tariffs on imports.
Trump Has Promised More Tariffs on Mexico. What Happens Next?
President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.
Carney Moves to Reduce Canada’s Chinese Steel Imports in Response to Trump’s Tariffs
Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.
Trump Announces ‘Great Deal’ on Trade With Indonesia
President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week. Indonesia’s president called Mr. Trump a “tough negotiator.”