Canada and the EU swiftly retaliate against Trump's steel and aluminum tariffs
Canada and the European Union swiftly hit back at increased steel and aluminum tariffs imposed by U.S. President Donald Trump. Canada matched Trump's 25% increase on steel and aluminum and raised tariffs - that is, import taxes - on a slew of other U.S. goods.
Don't Substitute Tariffs for Income Taxes: You'll Get Both | David R. Henderson
In his inaugural address, President Trump repeated his call for an External Revenue Service. At other times, he has talked about replacing personal income taxes with high tariffs on imports. Besides the fact that U.S. tariffs on imports are collected from U.S. importers, not external exporters, this idea would not work and would likely result in a higher tax burden for Americans.
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Trump plans tariffs on Mexico and Canada for Tuesday, while doubling existing 10% tariffs on China
Canadian Prime Minister Justin Trudeau says if the United States imposes tariffs, his country has billion of dollars' worth of U.S. products that'll be subject to tariffs as well.
Protectionism? A Warning from Argentina to the US - FEE
When Argentines go abroad, they usually go shopping. Many of the products they want cannot be bought at home, ranging from clothes to smartphones and all
Ford CEO holds meetings with lawmakers after raising concerns about tariffs
Ford Motor CEO Jim Farley met with U.S. lawmakers on Wednesday after raising concerns this week that 25% tariffs on Mexico and Canada would "blow a hole" in the U.S. auto industry.
Midwest and Resource-Rich States Vulnerable to Canada, Mexico, China Tariffs
Fitch Ratings-New York-05 December 2024: Midwestern U.S. states’ economies could be particularly vulnerable to imposition of blanket tariffs on Canada,
Trump imposes tariffs; Canada, Mexico retaliate; auto industry braces for fallout
Trump put duties of 10% on all imports from China and 25% on imports from Mexico and Canada – America’s largest trading partners – except for a 10% rate on Canadian oil.
Economist: Michigan to feel pain of tariffs earlier, and worse, than many other states
President Donald Trump's imposition of 25% tariffs against Canada, Mexico and China may be sparking a trade war, and Michigan has more to lose than many other states in the U.S
Trudeau Promises ‘Robust’ Response After Trump’s Tariff Pledge
The Canadian prime minister reiterated his willingness to retaliate forcefully against U.S. tariffs—perhaps matching with dollar-for-dollar Canadian tariffs.