Even before the new levies took effect, the industry was worried about prices after President Trump opposed a major merger in the steel sector.
Category: Customs (Tariff)
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Europe Retaliates Against Trump’s Tariffs as Trade Fight Widens
The European Union responded to American steel and aluminum tariffs with its own tariffs on boats and bourbon — and pledges of more to come.
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Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents
The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.
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Investors Thought They Could Control Trump. They Were Wrong.
On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark investors had hoped.
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C.E.O.s Will Meet With Trump Amid Fears About Tariffs’ Fallout
The president is set to meet with corporate leaders on Tuesday, as concerns over his protectionist trade policies weigh on markets and the economy.
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Trump Has Said ‘No Exceptions’ to His Tariffs. Will That Last?
His administration has acknowledged that exceptions undercut the power of tariffs, but it seems hard for the president to resist making deals.
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Trump’s Call to Scrap ‘Horrible’ Chip Program Spreads Panic
The president’s attack on the key tenet of the Biden administration’s industrial policy has set off concerns that he may claw back its funding.
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Stock Markets Down as Recession Fears Rise
Investors fear that tit-for-tat tariffs could raise prices, slow growth and sow uncertainty among businesses.
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Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.