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BRICS Trade Tariff

Trump Threatens Extra 10% BRICS Trade Tariff for Aligning with Policies

Trump Warns of 10% BRICS Trade Tariff for Policy Alignment: On July 7, President Donald Trump escalated his trade stance, announcing that any country perceived to “align with the anti‑American policies of BRICS” will be hit with an additional 10% tariff, effective August 1, unless trade deals are secured by July 9. White House Commerce Secretary Howard Lutnick […]

Chinese Companies Surge into U.S. Market Despite Escalating Trade Tensions

In a surprising display of business confidence, a wave of Chinese companies is expanding operations into the United States, brushing aside escalating trade tensions and a challenging geopolitical environment. Despite Washington’s imposition of steep tariffs—now totaling up to 55% on many Chinese goods—companies from the world’s second-largest economy are deepening their foothold across American industries. […]

Steel Stocks Soar as Trump Doubles Tariffs to 50%; Cleveland-Cliffs Leads with 25% Surge

U.S. steel stocks experienced a significant surge following President Donald Trump’s announcement to double tariffs on imported steel and aluminum from 25% to 50%. The tariff increase is framed as a deliberate strategy to reinforce the domestic steel industry and lessen the nation’s reliance on foreign imports. Cleveland-Cliffs Inc. (NYSE: CLF) led the rally, with […]

U.S. Diamond Tariffs Spark Global Industry Turmoil Amid Luxury Market Slowdown

In April 2025, the U.S. government implemented a 10% import duty on polished diamonds, a move that has sent shockwaves through the global diamond industry. This tariff, part of President Donald Trump’s broader trade policy, has particularly impacted countries like India, the European Union, and China, with respective tariffs of 27%, 20%, and 34% imposed […]

U.S. Importers Leverage ‘First Sale Rule’ to Mitigate Tariff Impacts

Facing heightened tariffs imposed by the current U.S. administration, many businesses are turning to the ‘First Sale Rule’ as a strategic way to lower import expenses. This provision allows import duties to be calculated based on the price paid in the first sale of goods destined for the U.S., rather than the final sale price, […]

China Readies Economic Counterstrike as Trump Vows 60% Across-the-Board Tariffs: A Looming Trade War

The Chinese Communist Party’s Economic Committee convened an emergency session today to draft retaliatory measures following former President Donald Trump’s campaign pledge to impose 60% universal tariffs on Chinese imports if reelected. This escalation threatens to reignite the trade war that cost the global economy an estimated $1.7 trillion during Trump’s first administration. Beijing’s Strategic […]

China’s Exports Soar 15% Amid Global Demand Shift, U.S. Tariffs Trigger Import Freefall

China’s export sector delivered a powerhouse performance in April 2025, soaring 15% year-over-year to reach $450 billion, according to customs data released this week. The remarkable growth, fueled by unprecedented demand for electric vehicles (EVs), solar energy systems, and advanced consumer electronics, underscores China’s tightening grip on critical green technology markets even as geopolitical tensions […]

Temu Abruptly Stops Direct China-to-US Shipments as Key Tariff Loophole Closes

E-commerce giant Temu has suspended its ultra-fast direct shipping from China to U.S. consumers following the expiration of the 800 de minimis tariff exemption, a move that could add 15−30 800, directly impacting Temu’s competitive pricing model. Key Impacts: 25 million monthly U.S. orders now subject to customs review Delivery times extended from 10 days to 3-4 […]

IMF Warns: Germany’s Fiscal Stimulus Can’t Offset Eurozone’s Tariff Headwinds

The International Monetary Fund has delivered a sobering assessment of Europe’s economic outlook, cautioning that Germany’s €48 billion fiscal stimulus package will be insufficient to counterbalance the Eurozone’s growing losses from global trade wars. According to the IMF’s latest Regional Economic Outlook, the currency bloc faces a 0.7% GDP drag in 2025 from retaliatory tariffs […]

Trump Proposes 25% Auto Tariff Rate to Boost Domestic Manufacturing

U.S. President Donald Trump has proposed a 25% tariff on imported automobiles as part of his economic policy agenda for 2025. The announcement, made on February 18, 2025, aims to bolster domestic manufacturing and protect American jobs in the auto industry. Trump, who is widely expected to run for president again in 2024, emphasized the […]

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