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trade war - Latest news GMK Center

Photo – The US and China agree to mutually reduce tariffs for 90 days
The US and China agree to mutually reduce tariffs for 90 days

The parties will continue discussing economic and trade relations

Photo – European Commission starts consultations on possible response to US tariffs
European Commission starts consultations on possible response to US tariffs

The EC is also consulting on possible restrictions on scrap exports

Photo – Trump’s tariff expansion could hit EU goods by another €170 billion
Trump’s tariff expansion could hit EU goods by another €170 billion

The bloc is preparing retaliatory measures in case of failure of negotiations and monitors the risks of import diversion

Photo – EU considers increasing purchases from the US by €50 billion
EU considers increasing purchases from the US by €50 billion

China is evaluating the possibility of negotiations, and Japan aims to reach a trade agreement in June

Photo – Canadian steelmakers call on the future government to protect the industry
Canadian steelmakers call on the future government to protect the industry

The industry association also advocates for countering Trump's tariffs and preventing dumped imports

Photo – Donald Trump eased some tariffs for the auto sector
Donald Trump eased some tariffs for the auto sector

The step is aimed at reducing the overall level of duties, which is formed due to their layering

Photo – The Japanese government has prepared a package of measures to mitigate the effects of US tariffs
The Japanese government has prepared a package of measures to mitigate the effects of US tariffs

US tariffs could significantly harm the auto sector and steel industry

Photo – Tariff war: Trump’s new plans and the world’s reaction
Tariff war: Trump’s new plans and the world’s reaction

A 90-day pause on US “reciprocal” tariffs begins on April 9

Photo – Tariff war: Donald Trump vs. the world
Tariff war: Donald Trump vs. the world

On April 9, the United States announced a three-month pause in mutual tariffs for trading partners other than China

Photo – China increases tariffs on US goods to 125%
China increases tariffs on US goods to 125%

China plans to ignore any further tariff increases by the United States

Photo – US tariff pause will help stabilize the global economy – European Commission
US tariff pause will help stabilize the global economy – European Commission

Earlier, Trump announced a 90-day pause in reciprocal tariffs – with the exception of China

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