Steel and aluminium products are more than tripled to 25%. Tariff hikes and other products including semiconductor chips are set to take into effect over the next two years. The increases which impact a relatively small amount of us imports come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mrtrump clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports while ms harris has said his proposal would raise prices for the american people. Raise prices for the american eo le. . , ,. , raise prices for the american eole. . . , , people. The european union is also considering people. The european union is also considering tariffs people. The european union is also considering tariffs on also considering tariffs on china made electric vehicles and negotiations are ongoing. The block was meant to vote on the taxes earlier this week that has since been delayed. We will bring you a
Aluminium products will more than tripled to 25 . Tariffs hiked one of the products including Semiconductor Chips are set to come into effect in the next two years. The Impact Effect a relatively small amount of us imports and, as Kamala Harris and Donald Trump have clashed over tariffs on the campaign trail. And come as Kamala Harris. Trump wants sweeping duties on all imports, while she says that would raise prices for american people. The Euro Ean prices for american people. The European Union is also considering tariffs on chinese electric vehicles. Negotiations are ongoing. The block was meant to vote on the tariffs this week but that has been delayed. We will bring you up to date as we hear anything. In other news, us Stock Markets Rose on thursday with the S P 500 closing at a record high for the third time this week. Sharesjumped by almost for the third time this week. Shares jumped by almost 15 for the third time this week. Sharesjumped by almost 15 in micron after they posted
my colleagues and i are acutely aware that high inflation poses significant hardship, especially on those least able to meet the higher cost of essentials, like food, housing and transportation. we are highly attentive to the risk the higher inflation poses to both sides of our mandate and we are strongly committed to restoring price stability. the rise in us interest rates hasn t done much to change the value of the dollar on the international markets it s slipped down a little. but us stock markets rose the dow was up nearly 3% and it s also worth noting that while this was happening, the european commission s proposal to ban imports of oil from russia saw the price of a barrel of brent crude go up by almost 4%. we ll have much more on all of this in asia business report coming up after newsday for some of our viewers around the world. for years hong kong managed to control the spread of covid i9. but the omicron variant overwhelmed the healthcare system. the city recorded the