The president-elect’s vow to impose 25 percent duties on Canadian imports could ravage Canada’s auto industry and decimate Windsor, a city deeply tied to the U.S.
Category: Customs (Tariff)
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What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.
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Defending Michigan’s Auto Industry, Whitmer Warns of Tariff Risks
Gov. Gretchen Whitmer addressed the Detroit Auto Show, saying that tariffs should not be used “to punish our closest trading partners,” like Canada.
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China’s $1 Trillion Trade Surplus: What to Know as Trump Takes Office
Only a third of China’s trade surplus was with the United States, and only a third of the U.S. deficit was with China. That makes for tricky math for the president-elect.
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Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
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U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
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Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.
The companies have found plenty of new channels to the U.S. market — demonstrating the potential limits of the tariffs Donald Trump has promised to impose.
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Mexico, Betting Trump Is Bluffing on Tariffs, Sees an Opportunity
Business leaders in Mexico say the incoming U.S. administration will enhance the appeal of their factories as an alternative to plants in China.
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U.S. Takes Aim at China’s Production of Essential Chips
The older-style chips are crucial for a wide array of appliances and other machinery, including weaponry.
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Trump Tariffs? Europe Braces but Has No Clear Strategy
The incoming president promised “tariffs all the way” unless Europe bought more U.S. oil and gas. European officials have no clear strategy for avoiding a trade war.