Canadian trade officials acknowledge that the country’s retaliatory tariffs of up to 50% on $20 billion in American goods are intended to exert pressure on the Trump administration by targeting key U.S. states. Although the negotiators haven’t identified those regions, the tariffs could hit states in the Midwest and Northeast particularly hard, according to economists’ analysis…
President Trump’s 50% tariffs on certain Canadian products could raise their prices in the U.S., but the narrow scope of the levies is unlikely to trigger a broader spike in inflation, trade experts said. After the tariffs, first announced in late June, took effect on Saturday following a breakdown in trade talks, Canada pledged to…
The U.S. was set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. Canada’s leader countered that it would match the tariffs “dollar for dollar.” In a call with reporters late Friday, U.S. Trade…
Washington — The United States and Canada have wrangled for decades over trade, poking each other interminably over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market. Somehow, the two neighbors still managed to remain friends, allies and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11….
Colombia’s new President Abelardo de la Espriella on Saturday called on President Trump to suspend tariffs currently targeting the South American nation, which is reeling after a deadly earthquake. U.S. tariffs on Colombian products rose from 10% to 12.5% in late July, with a few exceptions including coffee and oil. “I asked him to consider…
Sen. Elizabeth Warren is pressing companies entitled to refunds for illegal U.S. tariffs to return the money they are recouping directly to consumers. Warren, a Democrat from Massachusetts, on Friday sent letters to Apple, Amazon, Energizer, Motorola, Nike, Target and Walmart seeking information about the size of the refunds they are receiving for import duties…
A coalition of 25 states on Monday filed a lawsuit against the Trump administration, alleging that it exceeded its authority in imposing a new round of sweeping tariffs last month. The import duties, enacted under Section 301 of the Trade Act of 1974, target 60 economies with rates ranging from 10% to 12.5%. “This is President…
Washington — President Trump campaigned on lower prices for Americans, but his trade war with Canada is pushing prices higher for Americans, Ontario Premier Doug Ford told CBS News in an interview Friday. Earlier this week, Mr. Trump announced 50% tariffs starting next month on a number of Canadian goods, including hockey sticks and alcohol, on…
President Trump’s newly announced tariffs target 60 economies with rates ranging from 10% to 12.5%. They replace Section 122 levies, which expired early Friday morning. The new tariff schedule, announced by the White House Thursday evening, is enacted under Section 301 of the Trade Act of 1974. It places tariffs of up to 12.5% on a…
The Trump administration will impose tariffs of up to 12.5% starting Friday on goods from 60 U.S. trading partners accused of failing to crack down on forced labor, it announced Thursday, a move that will extend the administration’s tariffs on much of the world. Most of the trading partners will face 12.5% tariffs, including Vietnam…
