Tariffs
The Canadian Steel Producers Association (CSPA) has condemned the Trump Administration's latest announcement increasing US steel tariffs to 50 per cent, effectively closing the US market to Canadian domestic steel production. CSPA President and CEO Catherine Cobden called for the Government of Canada to respond immediately by reinstating
Tariffs
The economic and cultural ties binding Detroit and Windsor, Ontario, are being strained due to US President Donald Trump's trade policy. The busy Ambassador Bridge, a symbol of the region's prosperity, has seen a decline in traffic despite being one of the busiest crossings in North
Tariffs
President Donald Trump announced on Friday that he would double steel tariffs to 50 per cent, citing the need to "even further secure the steel industry in the United States." The tariffs will apply to both steel and aluminum imports, following a similar increase in March 2023 when
Tariffs
As the Trump administration plans to double tariffs on steel imports to 50 per cent, Australia's steel industry fears for its future. With the sector exporting over $414 million worth of products to the US in 2024, a failure to secure an exemption could impact 100,000 Australian
Tariffs
The recent doubling of tariffs on foreign steel and aluminum by President Donald Trump's administration could have a significant impact on American consumers, with prices of various household items, including groceries, expected to rise. Experts warn that the increased costs could be felt across multiple industries, from food
Tariffs
The United States plans to increase tariffs on steel and aluminium imports from 25 per cent to 50 per cent, affecting India's metal exports worth $4.56 billion, according to a study by the Global Trade Research Initiative. The hike, set to take effect on June 4, will
Tariffs
The Trump administration's attempt to reduce the U.S. trade deficit through tariffs and a weaker dollar has sparked concerns about the impact on the Canadian dollar, with some economists warning that the loonie is at risk of destabilization. The Bank of Canada has traditionally allowed the exchange
Tariffs
Donald Trump on Thursday accused China of violating the two-week-old tariff truce it had agreed to with the US, threatening to restart the trade war between the world's two largest economies. The US had agreed to temporarily reduce tariffs on Chinese goods in exchange for China removing non-tariff
Tariffs
President Trump has escalated the trade dispute with China, accusing Beijing of violating the terms of a temporary agreement and warning of further confrontation. Trump's comments come as the US and China are in the midst of talks to reach a more comprehensive agreement to avoid an all-out
Tariffs
Karl Rove, a longtime Republican strategist and Fox News contributor, has warned that President Donald Trump's "chaotic trade talk" and tariffs may badly damage the Republican Party in the 2024 midterms. In a column for the Wall Street Journal, Rove noted that Trump is severely underwater
Tariffs
Bank of England policymaker Alan Taylor has dismissed the recent stronger-than-forecast inflation and growth data as one-off factors driving the current upsurge in inflation. He has renewed his call for lower interest rates, citing the drag on growth from uncertainty generated by US President Donald Trump's trade war.
Tariffs
Chinese Premier Li Qiang's message to South-east Asian and Middle Eastern leaders in Kuala Lumpur was clear: at a time of rising protectionism and uncertainty in global trade, Beijing wants to deepen its trade ties with the two regions. The gathering of 10 Asean countries and 6 Gulf
