Us Tariff Hike
Japan looks forward to talks with Trump that include cutting auto tariffs
US was Japan's biggest export destination in 2023 with cars and auto parts making up a third of shipments, according to Japan's Finance Ministry
 "Japan looks forward to talks with Trump that include cutting auto tariffs")
Trump threatens 100% tariff on Brics nations if they act to weaken dollar
President-elect Donald Trump on Saturday threatened 100 per cent tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the US dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America's dominance of the global financial system. The dollar represents roughly 58 per cent of the world's foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's
 "Trump threatens 100% tariff on Brics nations if they act to weaken dollar")
China urges US to 'immediately' lift all tariffs on Chinese-made goods
US is expected to make its final determination in the coming days after delaying a decision twice
 "China urges US to 'immediately' lift all tariffs on Chinese-made goods")
US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%
The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.
 "US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%")
India drags US to WTO over hefty tariff hike in steel, aluminium
The country has sought consultations with the US under the WTO's dispute settlement mechanism
 "India drags US to WTO over hefty tariff hike in steel, aluminium")
US tariff hike to hit Indian steelmakers as EU, China plan retaliation
Weak domestic demand, international competition to hurt industry
 "US tariff hike to hit Indian steelmakers as EU, China plan retaliation")
China warns of 'necessary response' in event of a trade war with US
Trump's administration has faced growing opposition to the tariffs from prominent congressional Republicans and business officials worried about their potential impact on the economy
 "China warns of 'necessary response' in event of a trade war with US")
Indian industry braces for flood of Chinese steel following US tariff hike
US trade deficit with China is $375 bn, or 46% of its total; If Trump forces his way, China could look at markets such as India to offload its products
 "Indian industry braces for flood of Chinese steel following US tariff hike")
