tariffs News Updates

President Donald Trump said Jan. 20 that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.   

The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on U.S. allies and rivals alike.

Taiwan President Lai Ching-te said Feb. 14 he would communicate more with the U.S. over President Donald Trump’s concerns over the chip industry and invest more in the U.S.

The European Union’s executive branch on Feb. 14 vowed to “take firm and immediate action” against U.S. President Donald Trump’s imposition of tariffs on steel and aluminum.

World farm machinery leader Deere & Co. said the agriculture economy is finally showing signs of turning around, although looming tariffs could upend the nascent recovery.

Emirates Global Aluminium is planning additional acquisitions of U.S. assets after an initial deal last year as tariffs on metal imports into the country raise prices in that market.

President Donald Trump on Feb. 13 rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering broader confrontation.

Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month.

EU trade chief Maros Sefcovic spoke with three top members of U.S. President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.

The leaders of all Canadian provinces and territories are set to meet up in the U.S. capital  to take their arguments against tariffs to American lawmakers, business groups and labor leaders.