EU imposes new tariffs on $23 billion in U.S. goods
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Imported steel and aluminum already subject to a 25% tariff will be excluded from the new tariffs President Trump announced Wednesday.
From The Wall Street Journal
In the aftermath of this week's tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.
From U.S. News & World Report
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
From U.S. News & World Report
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24/7 Wall St. on MSNWhich Countries Will Get Slammed Worst by US Steel and Alluminum Tariffs?The impending recession, higher prices, lower wages, and economic slowdown are all consequences of Trump's ongoing trade war.
Trump launched a trade war during his first term, taking particular aim at China by putting taxes on most of its goods.
White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to office.
Japan's trade and industry ministry will consider taking action on imports of Chinese steel if any unfair practices are identified under World Trade Organization rules, a ministry official said on Thursday.
The president's global raft of tariffs was dubbed "worse than the worst-case scenario" by experts, but the most alarming parts of the plan were delayed on April 9.
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The 'every man for himself' of the global steel industry facing Trump: "Tariffs threaten to flood Europe with foreign products, disaster is assured"Washington's barriers will push exporting countries with much lower production costs than their European competitors to redirect their production towards the European market. The United States is the country that imports the most steel in the world.
Cruz, a Texas Republican, is another senator who has been opposed to tariffs, saying in a 2018 Senate debate he is "against tariffs," and had made the case opposing them to Trump.
Canada must stand in solidarity with the international community to exert collective pressure on the U.S. A co-ordinated global response could compel Trump to reconsider his unilateral trade policies.