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tariff

Trump ends tariffs on Scotch whisky after King Charles visit

(The Center Square) – President Donald Trump said he will remove the 10% tariff on Scotch whisky imports and lift restrictions on the barrel trade between Scotland and Kentucky, a move the industry called a "significant boost" that ends months of economic losses. Trump made the announcement in a

Blockbuster EU-Mercosur trade deal enters into force

Blockbuster EU-Mercosur trade deal enters into force

The European Union's mammoth trade deal with South American bloc Mercosur provisionally enters into force Friday, despite a pending court ruling on its legality. The agreement to create one of the world's biggest free-trade zones was sealed in January after more than 25 years of

Trump says lifting Scottish whisky tariffs to 'honor' King Charles

Trump says lifting Scottish whisky tariffs to 'honor' King Charles

US President Donald Trump said Thursday he was removing tariffs on Scottish whisky in honor of Britain's King Charles III and Queen Camilla as they wrapped up their state visit. Trump's announcement as the royal couple ended their four-day trip to the United States represents

Tariff refund boosts Ford results as it eyes higher metal costs

Ford raised its full-year profit forecast Wednesday after reporting stronger than estimated first quarter results based partly on $1.3 billion in tariff refunds. The big US automaker sold fewer autos compared with a year ago but pointed to robust demand for higher-priced trucks and sport utility vehicles

Whitmer announces 40 jobs in Adrian; Trump administration claims credit

(The Center Square) – An announcement from Michigan Gov. Gretchen Whitmer on Tuesday about a manufacturing expansion in Lenawee County quickly drew a response from the Trump administration over who deserves credit for the growth. Whitmer said the Michigan Strategic Fund Board approved support for Adrian Steel Co. to expand its

Sellers in China trade hub seek tariff reprieve from Trump visit

Sellers in China trade hub seek tariff reprieve from Trump visit

Labourers sweated as they wheeled bags of clothes, shoes and accessories to a sprawling wholesale market in southern China, where shop owners hoped an upcoming visit by Donald Trump would see an easing of tariffs hitting their exports. Factories in Guangdong province, China's production heartland, have borne the

Trump's tariff revival sparks business pushback

(The Center Square) – Businesses worldwide are urging caution as the U.S. Trade Representative's Office prepares for key hearings central to President Donald Trump's renewed push for higher import taxes, an effort aimed at rebuilding a protectionist tariff wall. Trump could implement the higher tariffs as