reciprocal tariffs

Trump’s tariff war: Tech giant Philips cuts forecast losses after U.S.-EU deal

Dutch tech conglomerate Philips said it expects lower losses tied to U.S. tariffs next year, adjusting its projected costs down to €150 million–€200 million. The revision follows fresh trade agreements between the United States and both the European Union and China, Dutch outlet NOS reported on July 29.

30 July 2025, 11:20 AM

U.S. tariff pause ends July 9 — what’s next for the global economy

The global economy, rattled by Donald Trump’s unpredictable tariff policy, is bracing for a pivotal moment. A 90-day freeze on the president’s so-called “reciprocal” tariffs will expire on July 9, opening the door for a new wave of trade measures that could reshape international commerce, Bloomberg reported on July 6.

7 July 2025, 11:24 AM

Trump’s trade war heats up: EU warns of mirror tariffs on U.S. goods

The European Union is preparing to impose retaliatory tariffs on American goods — including Boeing aircraft — if U.S. President Donald Trump maintains even a baseline 10% tariff on European exports, Bloomberg reported on June 24.

25 June 2025, 01:10 PM

Trump says he will announce new tariffs in two weeks

U.S. President Donald Trump plans to send letters to trade partners within one to two weeks outlining unilateral tariff rates ahead of the July 9 deadline for reimposing higher tariffs on dozens of countries, Bloomberg reported on June 11.

12 June 2025, 01:25 PM

EU to continue trade talks with U.S. beyond Trump’s July 9 deadline

The European Union believes trade talks with the United States may continue beyond the July 9 deadline set by President Donald Trump, despite the recent acceleration of negotiations, Bloomberg reported on June 11, citing sources familiar with the matter.

11 June 2025, 02:45 PM

Historic import drop drives sharp decline in U.S. trade deficit as Trump tariffs take hold

The United States posted a record drop in its trade deficit, marking the sharpest decline since records began, Bloomberg reported on June 5.

6 June 2025, 10:58 AM

Trump’s tariffs aren’t policy. They’re provocation.

Donald Trump’s latest tariff proposal may energize his political base, but it represents a perilous escalation of economic nationalism with global consequences. Rather than addressing the complexities of trade imbalances or modern manufacturing, the plan relies on blunt force: a 10% tariff on all imports, with steeper penalties on specific nations — including a 60% rate on Chinese goods and 20% on European imports.

4 April 2025, 12:39 PM

IMF flags Trump tariffs as global growth threat

The International Monetary Fund sees the new tariffs announced by US President Donald Trump as a serious threat to the global economy, said IMF Managing Director Kristalina Georgieva in a statement, according to Ukrinform.

4 April 2025, 10:16 AM

Trump’s trade storm hits Asia and beyond: No economy spared

U.S. President Donald Trump’s trade war, described by Reuters on April 3 as a “battle of one against all,” has within just 10 weeks of his presidency imposed reciprocal tariffs that hit China with a 34-percentage point increase, raising total new duties on exports from the People’s Republic by 54 percentage points.

3 April 2025, 12:26 PM

Kyiv downplays U.S. tariffs' impact, eyes better trade terms

President Donald Trump’s 10% tariffs on Ukrainian exports to the U.S. are challenging, but not critical, Economy Minister Yulia Svyrydenko wrote on Facebook on April 3, comparing them to 31% duties imposed on goods from neighboring Moldova and 20% for the European Union.

3 April 2025, 11:44 AM

reciprocal tariffs