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Tariffs News

Trump's tariffs on $200 bn of Chinese imports kick in

Washington - Donald Trump's threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world's top two economies that is clouding the global outlook.

China announces tariffs of 10 percent on 5,000 U.S. items

Beijing - It is turning into a tit-for-tat game as China announced on Tuesday it will impose additional tariffs on U.S. products worth 60 billion U.S. dollars starting Sept. 24 in response to the newly announced U.S. tariffs on Chinese goods.

Apple escapes China tariff hit for now, but threats loom

Washington - The latest round of tariffs that US President Donald Trump has imposed on China appeared to largely spare Apple and other consumer electronics makers but they face increasing threats from the deepening trade war between the two economic giants.

Trump accuses China of election meddling in trade war

Washington - US President Donald Trump on Tuesday accused China of seeking to influence knife-edge midterm congressional elections, by taking aim at his political support base in the economic giants' rapidly escalating trade war.

Trump poised to make major China trade announcement

Washington - US President Donald Trump was poised to ratchet up his trade dispute with China, with a major announcement promised later Monday that could see hundreds of billions in goods subjected to fresh import duties.

US to impose tariffs on $200 bn in Chinese goods: reports

Washington - US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported.

Ford Motors: Trump is wrong about making the Focus in the U.S.

Washington - Ford Motor Co. had a quick and firm response Sunday to a Tweet by President Donald Trump that tariffs on Chinese goods would force the automaker to build its Focus Active crossover in the U.S.

Ford Focus may not be the last casualty of Trump trade war

Ford has announced that it’s abandoning plans to sell the Focus Active — which the company makes in China — in the United States because of tariffs imposed by the Trump administration.

China ditches cheap U.S. coal for domestic supply as tariffs loom

China and the U.S. resumed trade talks this week, the same week new tariffs on each other's goods are set to take effect. Some Chinese coal traders are already preparing to source coal supplies domestically - shutting out US coal imports.

As Trump promotes his tariffs, companies are laying off workers

The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn't show signs of slowing down, forcing many U.S. companies to make some hard decisions about where to cut costs.

Trump threatens to raise tariffs on Chinese goods to 25%, up from 10%

Washington - The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday.

US may raise tariffs on $200 billion in Chinese goods to 25%: officials

Washington - The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday.

Auto industry pleads against new Trump tariffs

Washington - The auto industry pleaded Thursday with US President Donald Trump's administration to reject tariffs on vehicle imports, which they say could cripple domestic manufacturing and cause job losses.

Canada is ready to get tough with Trump on trade

Canadian Prime Minister Justin Trudeau announced a reshuffle of his Cabinet on Wednesday. As part of the reshuffle, Trudeau said Jim Carr would become minister of international trade diversification.

French automaker PSA confirms plans to re-enter US market by 2026

Detroit - French automaker PSA confirmed Thursday its plan for a gradual return to the US market even if Washington follows through on a threat to impose tariffs of up to 25 percent on auto imports.

U.S. investigating uranium imports as Canada holds its breath

In the latest use of the 1962 trade law to scrutinize imports, the U.S. Commerce Department is opening an investigation into whether imports of uranium — the chemical element that fuels nuclear power — pose a risk to national security.

PSA eyeing Canada amid Trump auto tariff threat

Detroit - French automaker Groupe PSA may turn to Canada rather than entering the US market if Washington follows through on threats to impose blanket tariffs on auto imports, the company's regional chief said Tuesday.

Bank of Canada raises benchmark interest rate to 1.5 percent

Ottawa - The Bank of Canada raised its benchmark interest rate Wednesday by 1.5 percent, fully behind an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.

New Tesla factory in China will crank out 500,000 cars a year

Shanghai - Tesla CEO Elon Musk sealed a crucial agreement Tuesday to start building its second car assembly plant in Shanghai, except, he left out one crucial detail - how much it’s all going to cost.

Tesla raises prices on two models after Chinese tariff increase

Beijing - According to Electrek and the Wall Street Journal Tesla has raised the price of its cars in China because of the country's retaliatory tariffs directed against the U.S. as a trade war between the two countries begins.

Merkel says open to international talks on slashing car tariffs

Berlin - German Chancellor Angela Merkel said Thursday she would back opening talks with trading partners on lowering automobile tariffs, in what appeared to be an olive branch to US President Donald Trump as the EU battles to dissuade him from imposing hefty l...

Merkel says open to international talks on slashing car tariffs

Berlin - German Chancellor Angela Merkel said Thursday she would back opening talks with trading partners on lowering automobile tariffs, as US President Donald Trump threatens hefty levies on car imports from the European Union.

Stephen Harper making 'secret' visit to White House next week

An interesting development has come to light - Former prime minister Stephen Harper of Canada is planning a trip to the White House next week, and hasn’t notified the current Canadian government of his visit.

China's answer to trade war — Farmers told to plant soybeans

U.S. President Donald Trump may have bitten off more than he can chew - especially if he thinks the U.S. can beat China in a tit-for-tat trade war. Beijing has previous trade war experience and a lot of tactics at its disposal.

EU will launch retaliatory tariffs against U.S. exports on Friday

Brussels - The European Union triggered the first phase of retaliation against the U.S. over import tariffs imposed for national-security reasons. Making good on its threat to hit the U.S. with retaliatory tariffs, the 'First Phase of Retaliation' begins on Friday.

China imposes equal tariffs on US imports in retaliation

Bejing - China Friday swiftly retaliated by imposing "equal" tariffs on US products following a decision by Donald Trump to slap duties on $50 billion of Chinese products.

Trump slaps tariffs on China, triggering swift retaliation

Washington - US President Donald Trump on Friday announced 25 percent tariffs on tens of billions in Chinese imports, sparking immediate retaliation from Beijing and bringing the world's two largest economies to the brink of an all-out trade war long feared by mark...

'Tit-for-Tat' as Canada hits back against Trump tariffs

Ottawa - Canada is imposing dollar-for-dollar tariff “countermeasures” on up to $16.6 billion worth of U.S. imports in response to the American decision to make good on its threat of similar tariffs against Canadian-made steel and aluminum.

Op-Ed: 'A bad day for world trade' as key allies ready for trade war

The Trump administration's announcement that tariffs on steel and aluminum would go into effect at midnight tonight has already angered key allies who have spent the last few days in talks with U.S. officials — but to no avail.

Trump hits Canada, Mexico and EU with tariffs on steel, aluminum

President Trump has announced he will impose tariffs on steel and aluminum coming from Canada, Mexico and the European Union.
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