President Donald Trump signaled early plans to use tariffs on imported goods as a key weapon in relations with the United States’ three top trading partners, saying the first new taxes on foreign products could be announced Feb.
US President Donald Trump had threatened 60% tariffs on Chinese goods on his campaign trail.
Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.
President Donald Trump told reporters hours after taking office that he was considering levying a blanket duty on Mexico and Canada on Feb. 1.
Trump didn't immediately impose tariffs, but he proposed tariffs on products from Canada and Mexico and China, which could cause retaliation, affecting Nebraska’s agricultural industry.
President Donald Trump on Tuesday warned that even more tariffs could be coming as soon as next week: This time China was his target, as Trump threatened to unleash a wave of higher taxes on imports from America’s second-biggest trading partner.
As President Trump entered his second term, the trade war he started with China and which former President Biden kept in place suggests taming the deficit to
Canada wants its allies to explore a pricing floor for critical minerals to address what it views as market interference from China, the dominant supplier of metals key to the energy transition.
Tesla will increase prices for all its cars in Canada starting February 1, with notable hikes for the Model 3 by as much as C$9,000. Prices for Model Y, Model S, and Model X will also rise. The reason for the increase remains undisclosed.
The executive order entitled America First Trade Policy set up a new department to try to deal with the fact that tariffs are not paid for by foreign corporations, but by US firms and consumers.
Following the fascist spectacle of Trump’s inauguration, New Zealand’s politicians are pitching to “work with” Washington as closely as possible.