The levies would be tailored to each US trading partner and consider non-tariff factors including value-added tax ( ...

Keir Starmer's government will not 'overreact' but 'wait and see' whether the tariffs actually happen, Pat McFadden said ...

The president announced a new policy of imposing tariffs on a “country-by-country” basis, with Australia potentially in the ...

White House aides confirmed that they expect foreign nations to negotiate down Trump’s reciprocal taxes by lowering their ...

VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to ...

In an escalation of his trade war, President Donald Trump moved to put tariffs on nations that levy taxes and fees that hurt U.S. businesses.

The White House has insisted that its new tariffs would equalize the ability of the U.S. and foreign manufacturers to compete. The European Union, for example, has an average VAT of 21.8 percent, ...

Value-added taxes are common in Europe; President Trump calls them unfair.

Trump slaps down 'the big one' imposing worldwide 'reciprocal tariffs' that target European VAT taxes ...

The US President said he would charge reciprocal tariffs 'for purposes of fairness', which could result in a 21pc levy on ...

The president has initiated a process to establish reciprocal tariffs for all, but plans to apply them specifically to target ...

The president on Thursday signed a measure directing the US Trade Representative and Commerce secretary to propose new levies ...