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.
Category: Customs (Tariff)
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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.
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China’s Tariffs on U.S. Agricultural Products Take Effect
The action came in response to the higher levies on Chinese imports that President Trump announced last week.
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China Hits Canada With Tariffs in Indirect Riposte to Trump
Beijing, which set steep duties on canola, peas and pork, wants Canada and Mexico to resist U.S. pressure to raise tariffs on Chinese goods.
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Trump’s Tariffs Could Help Tesla, by Hurting Its Rivals More
The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.
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Trump Bows to Economic Reality With Tariff Delays and Exemptions
With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.