Tag #Tariffs

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Trump Doubles Tariffs on Canadian Goods After Ontario Retaliates

On Tuesday, US President Trump doubled tariffs on Canadian aluminum and steel to 50% in response to Ontario imposing a surcharge on electricity exports to the US, causing a stock market drop and prompting condemnation from Canada's incoming prime minister.

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Ford Leads High-Profile Campaign Against Trump Tariffs

Ontario Premier Doug Ford, leveraging his family's political background and brash rhetoric, is leading a high-profile campaign against US tariffs, employing public relations and economic levers to protect Ontario's economy and advocating for renewed trade negotiations, despite initially supporting T...

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theglobeandmail.com
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Trump Threatens to Shut Down Canadian Auto Industry with New Tariffs

On Tuesday, President Trump threatened to impose substantial tariffs on Canadian cars, potentially crippling the Canadian auto industry, following Ontario's brief electricity export surcharge to the U.S., escalating existing trade tensions.

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dw.com
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Trump Threatens, Then Reverses, Tariffs on Canadian Steel and Aluminum

On March 11, 2025, President Trump threatened to double tariffs on Canadian steel and aluminum imports to 50%, citing Ontario's electricity surcharge on exports to the US. Following a conversation between Ontario Premier Doug Ford and US Commerce Secretary Howard Lutnick, Trump reversed the decision...

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china.org.cn
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US Cancels Planned Tariffs on Canadian Steel and Aluminum

On March 11, 2025, the United States canceled plans to increase tariffs on Canadian steel and aluminum after Ontario withdrew its tariffs on electricity exports to Michigan, Minnesota, and New York, averting a potential 50 percent tariff increase.

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forbes.com
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SS United States' Final Voyage Mirrors Retail Sector's Tariff Uncertainty

The decommissioned American vessel, SS United States, began its final voyage on February 19th from the Delaware River, coinciding with increasing uncertainty in the retail sector due to fluctuating White House tariffs, leaving retailers struggling to predict product sourcing and profitability.

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cbsnews.com
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Lutnick Defends Trump's Trade Policies Despite Recession Risk

Commerce Secretary Howard Lutnick defended President Trump's trade policies, stating that even a potential recession resulting from them would be "worth it." He announced that the U.S. would not double tariffs on Canadian aluminum and steel, maintaining them at 25%, and attributed any possible reces...

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Trump's Tariffs Send Markets Plunging

President Trump's new tariffs on steel and aluminum from Canada, announced Tuesday, sent markets plummeting; the Dow dropped 350 points, ending the day down 1.14%. Despite the market's reaction and concerns from Republicans and business leaders, Trump defended his actions, claiming they will ultimat...

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theglobeandmail.com
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Canada Rejects Partial Tariff Exemptions, Demands Full Trade Agreement Restoration

Canadian Energy Minister Jonathan Wilkinson opposes partial tariff exemptions from the U.S., demanding a return to the original trade agreement due to significant economic damage caused by President Trump's threatened tariffs, resulting in retaliatory measures and potential trade diversification by ...

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repubblica.it
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Trump Tariffs to Hike US Car Prices, Further Depressing Market

Trump's threatened tariffs on imported cars would immediately raise US car prices by $4,000-$10,000, impacting a stagnant market; the US imported 150,000 cars in 2023, while Canada exported $38 billion in cars and $19 billion in parts to the US in 2024. Mexico is the largest car exporter to the US.

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smh.com.au
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Record Gold Exports Mask Record US Trade Deficit

In January 2025, Australia recorded a record US\$2.9 billion trade surplus with the US due to a surge in gold exports, while the US experienced a record US\$131.4 billion trade deficit largely because of record imports of gold, driven by uncertainty surrounding potential tariffs imposed by the Trump...

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npr.org
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Trump's New Steel and Aluminum Tariffs Risk Trade War Escalation

President Trump plans to impose a 25% tax on imported steel and aluminum, starting tomorrow, escalating his trade war; past similar tariffs failed to boost domestic manufacturers, instead raising prices and prompting retaliatory measures from other countries.

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Showing 2,953 to 2,964 of 4,150 results