Category Archives: Trump tariffs

Trump temporarily spares carmakers from US tariffs on Canada and Mexico

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After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffs

Donald Trump has temporarily spared carmakers from sweeping US tariffs on goods from Canada and Mexico, one day after an economic strike on the US’s two biggest trading partners sparked warnings of widespread price increases and disruption.

The US president extended his aggressive trade strategy at midnight on Tuesday by targeting the country’s two closest neighbors with duties of 25%.

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Trudeau condemns ‘dumb’ Trump trade war as Canada strikes back with tariffs

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Canada’s prime minister says the US president wants to usher in the ‘complete collapse’ of the Canadian economy

Justin Trudeau has claimed the aim of a “dumb” trade war launched by Donald Trump is to usher in the “complete collapse” of the Canadian economy and make it easier for the United States to annex Canada.

Speaking hours after the US slapped 25% taxes on Canadian and Mexican goods – and a 10% levy on Canadian energy exports – the prime minister announced retaliatory tariffs on US exports and said his country would remain defiant against the aggression.

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Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada

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Announcement leads to sharp sell-off on Wall Street as Trump also vows tariffs on farm products starting in April

The US will press ahead with steep tariffs on Canada and Mexico from Tuesday, Donald Trump has said, setting the stage for a trade war with his country’s two largest economic partners.

Hours before his administration was due to hit America’s closest neighbors with sweeping import duties, the US president claimed there was “no room left” for a deal to avoid their imposition. The announcement led to a sharp sell-off on Wall Street.

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Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’

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US president’s plan could prove to be an economic shock to both blocs, German thinktank says

Donald Trump’s threatened 25% tariffs on EU imports could trigger “economic turmoil”, sharply push down growth and send inflation soaring, according to a German thinktank.

The Kiel Institute said the US president’s promise on Wednesday that he would impose the levies “very soon” was a profound moment in the postwar relationship between Washington and Brussels and could prove to be an economic shock to both parties.

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Trump threatens China with additional 10% tariff in escalation of trade war

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US president also insists delayed tariffs on imports from Canada and Mexico will go into effect on 4 March

Donald Trump has threatened China with an additional 10% tariff on its exports to the US, setting the stage for another significant escalation in his trade war with Beijing.

The US president also claimed that he plans to impose tariffs on Canada and Mexico starting next Tuesday, having delayed their imposition last month following talks with his counterparts.

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Donald Trump orders new tariff investigation into US copper imports

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President opens new front in assault on global trade norms as advisers claim China moving to dominate copper market

Donald Trump on Tuesday opened yet another front in his assault on global trade norms, ordering a new investigation into possible tariffs on copper imports to rebuild US production of a metal critical to electric vehicles, military hardware, semiconductors and a wide range of consumer goods.

Trump, looking to thwart what his advisers see as a move by China to dominate the global copper market, signed an order directing commerce secretary Howard Lutnick to start a new national security investigation under Section 232 of the Trade Expansion Act of 1962, the same law that Trump used in his first term to impose 25% global tariffs on steel and aluminum.

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Trump policies make US ‘scary place to invest’ and risk stagflation, says Stiglitz

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Uncertainty created by tariffs and contempt for rule of law will deter investment, says top economist

Donald Trump’s tariff threats have made the US “a scary place to invest” and may unleash stagflation, the Nobel prize-winning economist Joseph Stiglitz has said.

“It risks the worst of all possible worlds: a kind of stagflation,” Stiglitz said in an interview with the Guardian.

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Canada and Mexico tariffs risk inflating US housing crisis, Trump is warned

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Exclusive: Dozens of congressional Democrats urge president to reconsider threatened import duties on US’s two largest trading partners

Pressing ahead with steep tariffs on Canada and Mexico risks exacerbating the US housing crisis and threatening the broader economy, dozens of congressional Democrats have warned Donald Trump.

The US president, after threatening to hit imports from the US’s two biggest trading partners with a 25% tax, is weighing how to proceed after approving a one-month delay.

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Trump’s disdain for South American allies is China’s gain

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The US is targeting its own allies and its withdrawal from the region has left a power vacuum for China to fill in

While Donald Trump and his Colombian counterpart, Gustavo Petro, were engaged in a very public row over the deportation of migrants last month, China’s ambassador to Bogotá was enthusiastically tweeting that diplomatic relations between China and Colombia had reached their “best moment”.

After Petro refused to receive a plane from the US carrying handcuffed deported Colombians, Trump retaliated by doubling tariffs and revoking visas for Colombian government officials.

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