The Globe and Mail criticizes the United States for launching a tariff war
On the 5th, the Globe and Mail, Canada’s most influential national newspaper, published a rare blank space on the front page, only publishing the bold words “Strong and Free” to express its protest against the United States’ launching of a tariff war. The newspaper published an editorial on the same day, calling on other Western […]
Israel announces the cancellation of tariffs on US goods
On the evening of April 1, local time, the Israeli government issued a statement saying that in accordance with the instructions of Israeli Prime Minister Netanyahu, Finance Minister Smotrich and Minister of Economy and Industry Barkat, Israel will cancel the tariffs imposed on all goods imported from the United States so far. The statement said […]
Trump announced a 25% tariff on imported cars
On April 2, local time, US President Trump announced a 25% tariff on imported cars. Trump said that the 25% tariff on cars will take effect on April 3. Earlier, Trump said on March 26 that the auto tariffs would be permanent. He said that if cars are made in the United States, there is […]
Cambodia is included in the list of countries where tariffs are temporarily suspended
Trump said in a post on the social media platform Truth Social that more than 75 countries have contacted the U.S. Department of Commerce, the Treasury Department and the Office of the U.S. Trade Representative (USTR) to negotiate on issues such as trade, trade barriers, tariffs, exchange rate manipulation and non-tariff barriers, and have not […]
The United States imposes 145% tariffs on China
The White House announced on April 10 that the cumulative tariff rate on China has reached 145%. The White House made this statement in an interview with the Nihon Keizai Shimbun. On April 9, Trump said that “tariffs on China will be raised to 125%.” Initially, the White House explained in an interview with the […]
EU discusses cooperation with CPTPP in response to Trump’s tariffs
On April 15, European Commission President von der Leyen held a telephone consultation with Singapore Prime Minister Lawrence Wong to discuss the possibility of cooperation between the EU and the member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). After the consultation, von der Leyen issued a statement saying: “Looking forward to […]
Hong Kong Customs seized about HK$10.25 million worth of drugs
On the 14th, Hong Kong Customs announced that about 21 kilograms of ketamine and about 1.1 kilograms of marijuana were seized at Hong Kong International Airport and Sau Mau Ping on May 12 and 13, with an estimated total market value of about HK$10.25 million. It is reported that a 24-year-old man was arrested during […]
The Trump administration is considering setting tariffs on non-major countries by region
Regarding the reciprocal tariffs set by the Trump administration for trading partners and regions, U.S. Treasury Secretary Benson said on May 18 that it was considering setting tariffs on Central America and Africa by “regional basis”. He was interviewed by CNN. The United States will not conduct trade negotiations with countries other than major countries, […]
The price of rare metal bismuth has risen sevenfold in three months
The price of bismuth, a rare metal used in solder, is rising rapidly. The price has risen sevenfold in the past three months. As part of the retaliation against the tariffs imposed by the Trump administration in the United States, China, the largest producer, has initiated export controls. China’s unprocessed product exports are zero, and […]
Volvo lays off 3,000 employees, accounting for 7% of the global workforce
On May 26, Volvo Cars of Sweden announced that it would lay off 3,000 employees, accounting for 7% of the global workforce, centered on office positions. In addition to the increased costs caused by the tariff policy of US President Trump, the sluggish sales of pure electric vehicles (EVs) have led Volvo to believe that […]