
US Tariff Hikes Could Push Up to 875,000 Americans into Poverty
U.S. tariff hikes could push up to 875,000 more Americans below the poverty line by raising prices and eroding real incomes, deepening the uneven toll of trade policy.
My Global News: Voices of a New Era
🌍 Stay Ahead, Stay Global 🚀
U.S. tariff hikes could push up to 875,000 more Americans below the poverty line by raising prices and eroding real incomes, deepening the uneven toll of trade policy.
US tariffs, particularly from the Trump era, are fuelling higher grocery bills and inflation that squeeze American households’ budgets, spotlighting the real cost of trade policy at the kitchen table.
OECD’s John Drummond tells CGTN that global cooperation, multilateralism and rules-based systems are vital to curb unfair trade practices worldwide.
Mexico’s 2026 budget includes tariff hikes on 1,500 products from the Chinese mainland and other Asian nations without trade deals, sparking Beijing’s opposition.
China will impose temporary anti-dumping measures on EU pork imports from September 10, with deposit rates ranging from 15.6% to 62.4% to protect domestic industry.
President Trump signs an executive order to implement the U.S.-Japan trade deal, lowering auto tariffs, expanding market access, and unlocking $550 billion in Japanese investments.
President Trump is asking the Supreme Court to review his authority to impose sweeping tariffs after an appeals court ruled he exceeded his power.
China’s Ministry of Commerce will extend anti-dumping duties to cut-off shifted single-mode optical fiber imports from the United States, effective September 4.
Canada lifts many retaliatory tariffs on the U.S. on Sept. 1. Explore how this move may reshape US-Canada trade ties, ease business costs, and signal a new chapter in cross-border relations.
At the SCO Tianjin Summit, leaders issued a joint statement backing open markets and a rules-based multilateral trading system amid shifting global commerce trends.