Tariffs News
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Ottawa -
Canadian Finance Minister Jim Flaherty announced over the weekend that the federal government will eliminate 70 tariff items to help the nation's manufacturing base. This reduction in tariffs will equal to approximately $32 million.
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Adhering to his promise to 'crack down' on imports that unfairly undermine American industries, President Obama authorizes stiff tariffs on tires from China. The move comes just two weeks ahead of the G20 summit in Pittsburgh.
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Large U.S. food companies said the country could "virtually run out of sugar" unless the Obama administration eased import curbs, the Wall Street Journal said.
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Mexico assigned tariffs to numerous U.S. exports in a public protest to the decision by U.S. President Obama and Democratic lawmakers to end a test program that allowed Mexican truckers access to U.S. roads. The move ultimately threatens NAFTA.
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Obama said he wants to send “price signals” to change behavior. In other words, Obama wants the government to raise prices with regard to energy in order to change human consumption behavior.
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As Kevin Rudd completes four months of his regime, grand gestures and token manoeuvres continue to screen intensified globalisation and moves to further reduce jobs, pays and conditions for Australian workers. The public relations coup continues.
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Australia's Prime Minister, Kevin Rudd, confuses observers as he talks left and centre, while he lurches evermore sharply to the right.
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Tariffs Headlines
The small energy supplier Ovo is putting up some of its tariffs in response to higher wholesale gas prices.
The US suspends preferential tariffs for Argentina, saying the country has failed to pay penalties it owes US companies.
The United States has imposed a tariff on Chinese solar panels saying Chinese firms are unfairly benefiting from export subsidies.
The US says it will impose import tariffs of about 30% on Chinese solar companies, saying China is flooding it with subsidised products.
Energy company EDF will give a refund to vulnerable elderly customers who are not on its cheapest tariff.
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