Trump tariffs Financial News
27.11 / 16:41
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trump tariffs
After previous Trump tariffs, here’s the list of goods Canada hit back on
tariffs once Donald Trump takes office, the question remains on if the federal government would issue retaliatory tariffs like they did during the previous trade spat between the two countries.In 2018, Trump imposed a 25-per cent tariff on steel and 10-per cent tariff on aluminum products amid ongoing negotiations of a new North American Free Trade Agreement (NAFTA).In response, Canada released a list of retaliatory tariffs on items imported from the U.S.
27.11 / 04:29
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Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs
Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants acros...
27.11 / 02:09
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Trump tariffs would harm all involved, US trade partners say
Trump's threat of hefty tariffs on goods would harm the economies of all involved, cause inflation to spike and damage job markets. Trump's pledge announced on Monday roiled currency, bond and equity markets on Tuesday, as the three countries are the United States' largest trading partners. Mexico and Canada are particularly intertwined in U.S. auto production and energy output thanks to decades of trade agreements between the North American neighbors. Trump's plan to impose a 25% tariff on Canadian and Mexican imports on his first day in office does not exempt crude oil as industry executives had hoped, two sources familiar with the plan told Reuters on Tuesday.
26.11 / 18:13
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Trump Tariffs proposal impact explained: Will Americans end up paying huge extra money?
On Monday, Trump sent shockwaves across the nation's northern and southern borders, vowing sweeping new tariffs on Mexico, Canada, as well as China, as soon as he takes office as part of his effort to crack down on illegal immigration and drugs, AP reported. In a pair of posts on his Truth Social site Trump railed against an influx of illegal migrants, even though southern border apprehensions have been hovering near four-year lows.
14.11 / 00:09
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A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse
Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic
11.11 / 14:25
10.11 / 18:19
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Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals could worsen long-term inflation if global trade partners were to strike back.
06.11 / 12:19
06.10 / 05:39
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EU, US seek interim steel deal to avoid return of Trump tariffs - Bloomberg News
(Reuters) — Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday.
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