Tag Archives: tariffs

“What is the goal of all of this? Seriously, I don’t understand. What is the goal? I want President Trump to succeed. If President Trump is to succeed, we need a thriving economy. Declaring a trade war on Canada under the terms of the USMCA, which he himself negotiated in Trump term one, is not going to be a productive …

NBC News reports: Canada on Wednesday announced new trade duties on some $21 billion worth of U.S. goods in response to President Donald Trump implementing universal steel and aluminum tariffs. America’s northern neighbor is the largest foreign supplier of steel and aluminum to the U.S., and experts have warned Trump’s duties would be passed on to consumers. In a news …

ABC News reports: The European Union responded on Wednesday to the Trump administration’s metals tariffs, saying member states would place countermeasures on some 26 billion euros, or about $28 billion, worth of U.S. goods. The U.S. at midnight began imposing 25% tariffs on all steel and aluminum imports from all trading partners, with no exceptions or exemptions, the White House …

Canada’s Global News reports: Ontario “won’t back down” after U.S. President Donald Trump called for a further tariff hike in response to the province’s 25 per cent export tax on electricity. Premier Doug Ford delivered that remark in an interview with MSNBC Tuesday morning, within an hour after Trump said he’ll add an additional 25 per cent tariff to Canadian …

The Washington Post reports: Chinese tariffs on a wide array of U.S. agricultural products took effect Monday as Beijing remains defiant in the face of U.S. pressure — while urging Washington to come to the negotiating table. China’s decision to impose tariffs of up to 15 percent on products including corn, soybeans and beef starting Monday targets some of the …

Politico reports: Former Vice President Mike Pence is breaking with his former boss, criticizing the Trump administration’s tariffs strategy and calling for free trade to lower the cost of goods. Pence responded to comments from Secretary of the Treasury Scott Bessent defending the tariff policy despite the possibility of it causing economic disruptions. “Access to cheap goods is not the …

Semafor reports: Canada’s new Prime Minister Mark Carney delivered fighting talk in his acceptance speech after being elected Liberal Party leader Sunday night, vowing to resist US threats of annexation and to maintain tariffs on US imports until “America shows us some respect.” “Canada never, ever, will be part of America in any way, shape or form,” Carney said. “We …

The CBC reports: Sen. Patrick Brazeau wants to punch Donald Trump in the face. Not the U.S. president, but his son, Donald Trump Jr. The Quebec senator took to social media on Thursday to challenge the younger Trump to a charity boxing match. “In light of these bogus tariffs … I challenge you to a fight to raise money for …

From the Wall Street Journal editorial board: President Trump delayed his Mexico-Canada tariffs again on Thursday—this time for another month. He’s treating the North American economy as a personal plaything, as markets gyrate with each presidential whim. It’s doubtful Mr. Trump even has the power to impose these tariffs, and we hope his afflatus gets a legal challenge. The Constitution …

The New York Times reports: President Trump said on Thursday that he would allow both Mexico and Canada to avoid tariffs on most exports to the United States for one month, saying he would exempt products that are traded under the rules of the U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term. The move came a day …

CNBC reports: It has been a week of retaliatory actions, warnings of price hikes from businesses and wild price swings in the markets. Investors and business leaders, on edge about an escalating trade war, continue to monitor fast-paced headlines from the Trump administration. President Donald Trump said he’s pausing tariffs for Mexican goods and services covered by the North American …

Reuters reports: U.S. retail gasoline prices are set to climb in the coming weeks as new tariffs imposed by the administration of President Donald Trump raise the cost of energy imports, according to traders and analysts. The outlook underscores an unintended consequence of Trump’s protectionist trade policies, which are meant to boost the U.S. economy but could instead lead to …

“This is where President Trump does have to walk very carefully. Inflation killed Joe Biden’s presidency. If you wish to see President Trump be successful, he needs a booming economy. He cannot have a recessionary economy. “If tariffs continue to drive up prices and if wages do not increase sufficient to meet those prices, you’re going to be in exactly …

CBNC reports: Shoppers will likely see produce prices increase in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday. Cornell said Target relies heavily on Mexican produce during the winter months, and the tariffs could force the company to raise prices on fruits and vegetables as soon as this week. “Those …

The Associated Press reports: Mexico President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own retaliatory tariffs on U.S. goods. Sheinbaum said she will announce the products Mexico will target on Sunday in a public event in Mexico City’s central plaza, perhaps indicating Mexico still hopes to de-escalate the trade …

From the Wall Street Journal editorial board: President Trump likes to cite the stock market when it’s rising as a sign of his policy success, so what does he think about Monday’s plunge? The Dow Jones Industrial Average took a 650-point header after he announced that he’ll hit Mexico and Canada on Tuesday with 25% tariffs. Mr. Trump said at …

NPR reports: Canadian Prime Minister Justin Trudeau said Ottawa would impose immediate 25% tariffs on more than $20 billion worth of U.S. imports. Tariffs on an additional $86 billion worth of products will take effect in 21 days. “Our tariffs will remain in place until the U.S. trade action is withdrawn,” Trudeau said, adding his government was looking into non-tariff …

The Guardian reports: Donald Trump has ordered that swathes of America’s forests be felled for timber, evading rules to protect endangered species while doing so and raising the prospect of chainsaws razing some of the most ecologically important trees in the US. The president, in an executive order, has demanded an expansion in tree cutting across 280m acres (113m hectares) …

The Associated Press reports: President Donald Trump said Monday that 25% taxes on imports from Mexico and Canada would start Tuesday, sparking renewed fears of a North American trade war that already showed signs of pushing up inflation and hindering growth. “Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters in the Roosevelt …

Bloomberg News reports: Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. The cost to build a crossover utility vehicle will rise by at least $4,000, while the increase would be three times that for …