Trade war

President-elect Donald Trump has pledged to impose massive tariff hikes on products from Mexico, Canada, and China, starting on his first day in office. This move, he claims, aims to address illegal immigration and drug trafficking into the United States.

U.S. President-elect Donald Trump said that he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war."

In a series of posts to his Truth Social account, Trump vowed to hit some of the United States' largest trading partners with duties on all goods entering the country.

US President-elect Donald Trump has announced plans to impose steep tariffs on imports from Canada, Mexico, and China, raising concerns of potential trade wars with some of the United States' largest trading partners.

Beijing said on Tuesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

China must "adapt its behaviour" to solve an escalating tariff row with Europe, EU chief Charles Michel said Friday, warning of the dangers of the dispute escalating into a full-blown trade war.

EU countries on Friday gave a definitive green light to hefty additional tariffs on electric cars made in China, despite strong opposition led by Germany and fears it will spark a trade war with Beijing.

A 100% increase in tariffs for cine electric cars, a 25% increase for electric vehicle batteries and a 50% increase for age cells was announced by USgovernment, which from 27 September puts in place new tariffs on Chinese products of strategic sectors.

The European Union has warned it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war.

Brussels angered Beijing by launching the investigation last year in a bid to defend European manufacturers in the face of a surge of cheaper Chinese imports.

The United States is hiking tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.

U.S. President Joe Biden urged a tripling of tariffs on Chinese steel and aluminum, citing "unfair competition" as he seeks to win blue-collar votes in November's election.