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Tariffs News

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.

OECD warns against 'escalation' in trade tensions

Paris - The OECD on Wednesday appealed for an end to the "escalation" in global trade tensions, as the introduction of US tariffs on steel and aluminium imports loomed.

White House moves to finalize China trade sanctions

Washington - President Donald Trump said Tuesday he is moving to finalize trade sanctions against China even as a US delegation is set to travel to Beijing for talks to resolve the dispute.

Are automobile and truck imports a threat to national security?

Are automobile and truck imports a threat to national security? They could be a threat - as the US Department of Commerce launches an investigation into vehicle imports at the request of President Trump.

U.S. moves up to second place in global renewables market

The United States moved up to second place in a ranking of the most attractive countries for renewables investment, after China, a report by UK accountancy firm Ernst & Young showed on Tuesday.

US trade officials to visit China soon, Trump says

Washington - President Donald Trump announced Tuesday that top US trade officials would soon travel to China as Washington and Beijing seek to resolve a trade dispute that has roiled markets and left exporters on edge.

China plans to hit US soybeans, planes as trade war looms

Bejing - China Wednesday unveiled plans to hit major US exports such as soybeans, cars and small aircraft with retaliatory tariffs worth $50 billion in an escalating trade duel between the world's two top economies.

US identifies $50 bn in Chinese imports facing tariffs

Washington - US officials published Tuesday a list of $50 billion in Chinese imports set to be targeted by US tariffs, the latest move in President Donald Trump's simmering trade confrontation with Beijing.

Trump discusses China trade with Merkel, Macron: White House

Washington - President Donald Trump on Tuesday spoke with European leaders about working together to counter China's alleged unfair trade practices, the White House said.

Tough talk on global trade escalates as Trump claims results

Bejing - The US and China's top economic officials agreed by phone Saturday to "continue to communicate" on trade issues, Chinese state media said, as President Donald Trump pledged his escalating trade showdown would get results despite pushback from Europe an...

Trump suspends metal tariffs for key US trade partners

Washington - US President Donald Trump on Thursday authorized the suspension of controversial tariffs on steel and aluminum imports from key trade partners including the European Union.

China threatens US with tariffs, says 'not afraid of trade war'

Bejing - China warned the United States on Friday that it was "not afraid of a trade war" as it threatened tariffs on $3 billion worth of US goods in retaliation over President Donald Trump's moves against Chinese imports.

Trump to impose tariffs on $50 bn in Chinese imports: White House

Washington - President Donald Trump will impose tariffs on about $50 billion in Chinese goods imports to retaliate against the alleged theft of American intellectual property, White House officials said Thursday.
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