EU imposes new tariffs on $23 billion in U.S. goods
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The Wall Street Journal |
Imported steel and aluminum already subject to a 25% tariff will be excluded from the new tariffs President Trump announced Wednesday.
U.S. News & World Report |
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.
U.S. News & World Report |
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
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China, Trump and tariff
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The New York Times |
The rapid changes in tariffs have caused significant confusion for importers, many of whom depend on Chinese products, including major retailers as well as small businesses.
U.S. News & World Report |
The trade war between the world's two largest economies is escalating as China on Friday slapped a 125% tariff on U.S. goods in response to President Donald Trump's 145% tariff on Chinese products.
ABC |
China's Ministry of Finance announced Friday that Beijing will increase tariffs on all U.S. goods from 84% to 125%, in response to the U.S. "imposition of abnormally high tariffs on China."
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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.
Canada’s government has made its intentions known regarding its 25% reciprocal tariff on US auto imports implemented April 9.
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.
The European Union approved tariffs to hit around €21 billion ($23.2 billion) of US goods in retaliation for the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports.