Trade Policy
Trump signs 10% global tariff after supreme court ruling
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The US Supreme Court ruled that President Donald Trump's tariffs imposed under the 1977 IEEPA law were unlawful. Hours later, Trump signed an executive order imposing a 10% global tariff on all countries under Section 122 of the 1974 Trade Act. The tariff will take effect almost immediately and last for 150 days.
Beijing renewed import licences for hundreds of US beef plants during US President Donald Trump’s visit to meet Chinese leader Xi Jinping. Brazil nears its annual beef export quota to China and is seeking alternative markets.
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China has firmly rejected the European Union's designation of it as a high-risk country and its move to restrict funding for projects using Chinese inverters, calling the steps groundless and discriminatory.
US President Donald Trump has announced new 25 percent import tariffs on medium- and heavy-duty trucks from abroad, effective from November 1. The measure aims to protect national security and shield domestic manufacturers from unfair competition. Vehicles from Mexico will be particularly affected.
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The United States is pressuring Taiwan to shift 50% of its semiconductor production to US soil or risk losing military protection. This demand accompanies proposals for tariffs to balance foreign chip reliance. The policies aim to bolster domestic manufacturing amid global tensions.