Trump says rare earths to flow in new China trade deal
The US will get magnets and rare earths from China under a new trade deal and tariffs on Chinese goods will go to 55 per cent, President Donald Trump says.
The US will get magnets and rare earths from China under a new trade deal and tariffs on Chinese goods will go to 55 per cent, President Donald Trump says.
US President Donald Trump says negotiations with China have resulted in a deal to get the trade relationship between the two countries back on track.
High-level trade talks between the United States and China have begun in London.
Ahead of a possible meeting between Anthony Albanese and Donald Trump at the G7, the trade minister says he's still optimistic of tariffs being removed.
Donald Trump's decision to grant the UK a tariff exemption offers some hope for Australia as the prime minister prepares for talks with the US president.
In a move that has reignited trade tensions with key allies, United States President Donald Trump has doubled tariffs on steel and aluminium imports.
A letter suggests the US government will evaluate responses of trading partners and offer "a possible landing zone" that could include a reciprocal tariff rate.
Australia has been urged to assertively lobby Donald Trump against a plan to hike tariffs on steel imports, as Labor aims to maintain a calm approach.
The federal government is being urged to protect Australian jobs after US President Donald Trump announced a plan to double levies on foreign steel.
A federal trade court has blocked US President Donald Trump from imposing sweeping tariffs on imports under emergency powers law.
Relief on financial markets has followed a US court ruling that blocks most of President Donald Trump's tariffs, which also adds to global economic uncertainty.
Describing EU trade talks as "going nowhere", US President Donald Trump has threatened to impose a 50 per cent tariff.
The US and China have agreed to slash tariffs for 90 days following talks aiming to end a trade war that's raised fears for the global economy.
Two top US officials will meet with China's top trade negotiator this weekend in the first major talks since President Donald Trump sparked a trade war.
The US and China are locked in a cat-and-mouse game over tariffs with both sides unwilling to be seen to back down or be first to negotiate.
Prime Minister Anthony Albanese plans to call Donald Trump to talk about US tariffs on Australian goods, if Labor wins the election.
"I don't want them to go higher because at a certain point you make it where people don't buy," Donald Trump says of the tariffs he has imposed on China.
Global trade concerns are a key topic of conversation between Australia and Indonesia as US trade tariffs wreak uncertainty among governments and markets.
China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced.
"The US ... threat to escalate tariffs against China is a mistake on top of a mistake ... again exposing the American side's blackmailing nature," China says.
Beijing is slapping levies on all US products in retaliation to President Donald Trump as his tariffs rock world markets and fuel fears of a global downturn.
Markets have tumbled in Wall Street's worst crisis since the COVID-19 pandemic as investors fled after China retaliated against US tariffs.
China's foreign affairs spokesman says the US tariffs are "a typical act of unilateralism, protectionism and economic bullying".
US President Donald Trump says he had an "extremely productive" first call with Canadian Prime Minister Mark Carney, amid an ongoing trade war.
Canada's prime minister says his country's relationship with the United States has changed due to Donald Trump's actions on tariffs.
Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.
Markets are reacting to President Donald Trump's announcement of new import taxes of 25 per cent on cars and car parts coming into the US.
Australia has been warned against relying on Donald Trump as it continues to try to negotiate for an exemption from the US president's trade tariffs.
The government has made another pitch to US officials to gain an exemption from American tariffs on Australian steel and aluminium imports worth $1 billion.
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
Shoppers have been urged to buy locally made goods with extra funding for Australian-made campaigning as US tariffs hit steel and aluminium exports.