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ICYMI: A rich soup with everything – texture, comfort, flavour – all rounded off with the satisfying, savoury crunch of toasted breadcrumbs and chorizo This smooth, comforting soup is a great winter warmer. Roasting intensifies the natural sweetness of both the squash and the garlic, the cumin and smoked pimentón add a lovely, smoky, aromatic depth, […]
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Salmon baked in twin marinades of garlic and red tandoori sauce, with a refreshing, garlicky yoghurt dip on the side Today’s fish tikka is one of the standout dishes on the menu of our new restaurant, Ambassadors Clubhouse in Mayfair, where we celebrate the rich culinary traditions of undivided Punjab. Lasooni essentially means garlic, which […]
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ICYMI: Trade experts hail ‘new era of protectionism’ with targeted countries retaliating with their own tariffs
* US politics – live updates
Donald Trump’s threat to impose steep tariffs on goods imported into the US has set the stage for a bitter global trade war, according to trade experts and economists, with consumers and companies warned to brace for steep costs.
The president-elect announced on Monday night that he intends to hit Canada, Mexico and China with tariffs on all their exports to the US – until they reduce migration and the flow of drugs into the country. Continue reading…
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ICYMI: Donald Trump says he will sign executive order imposing 25% tariff on products coming into the US from Mexico and Canada with additional tariff for China
* Two-thirds of Americans think tariffs will lead to higher prices, poll says
* Trump’s talk of tariffs raises fears of hit to economies worldwide
Donald Trump has used the fentanyl crisis gripping the US to support his ambition to impose trade tariffs on China. It gives the incoming US president an opportunity to both appear to be addressing the narcotics emergency, while also reinforcing one of his key aims in terms of US trade.
China is the dominant source of chemical precursors used by Mexican cartels to produce fentanyl, while Chinese money launderers have also become key players in the international drug trade, US authorities say.
Trump has said that, as soon as he gets into office, he will impose a 25% tariff on “ALL products coming into the United States” from Mexico and Canada.
He says the tariffs will remain in place until both countries clamp down on migrants and drugs crossing the border into the US.
Trump also says he will impose a further 10% tariff “above any additional tariffs” on all products coming into the US from China.
It was not entirely clear what this would mean for China as Trump has previously pledged to end China’s most-favoured-nation trading status and slap tariffs on Chinese imports in excess of 60% – much higher than those imposed during his first term.
The reasons for the China tariff, Trump said, was their failure to curb the supply of drugs into the US. China is a major producer of the chemicals used to manufacture fentanyl. Continue reading…
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ICYMI: Donald Trump says he will sign executive order imposting 25% tariff on products coming into the US from Mexico and Canada with additional tariff for China
Trump’s threatened new tariffs could violate the terms of the US-Mexico-Canada Agreement (USMCA) on trade, Reuters report. The deal, which Trump signed into law, took effect in 2020 and continued the largely duty-free trade between the three countries.
During the rancorous talks leading to the USMCA, Canada and the United States at one point imposed sanctions on each others’ products. Trump will have the opportunity to renegotiate the agreement in 2026, when a “sunset” provision will force either a withdrawal or talks on changes to the pact.
“President-elect Donald Trump has promised to implement sweeping new tariffs aimed at protecting American industries, promoting domestic manufacturing, and reducing reliance on foreign imports.
“However, tariffs imposed during the first Trump term – and continued and extended under Biden – did not achieve all of the promised outcomes. Furthermore, our research shows that if the new tariffs are fully passed on, they could increase inflation and cost American consumers up to $2,400 per capita annually. Continue reading…
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