It could also reduce some import tariffs, with officials drawing up a list of likely products, such as bourbon whiskey and farm goods like pecan nuts, they said
The threat of tariffs along with the Federal Reserve's stated measured approach to rate cuts this year have lifted Treasury yields and the dollar
Trump has threatened 25 per cent tariffs on all products from Canada and Mexico unless they address his complaints on border security
Trudeau, who said Jan 6 he'll resign as prime minister and Liberal Party leader, will remain in the country's highest political office until members of his party choose his successor on March 9
Trump says he will impose 25 per cent tariffs on all Canadian imports unless Ottawa boosts border security
Investors have been pricing in a scenario where the implementation of widespread tariffs could boost US inflation, potentially limiting the Federal Reserve's ability to cut interest rates
The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs
The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors
The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the US Trade Representative's office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following a review of Chinese trade practices. The tariff increases announced today will further blunt the harmful policies and practices by the People's Republic of China," USTR Katharine Tai said in a statement. "These actions will complement the domestic investments made under the Biden-Harris Administration to promote a clean energy economy, while increasing the resilience of critical supply chains. Last week, Washington tightened restrictions on Chinese access to advanced semiconductor technology. Beijing responded by banning exports to the US of certain critical minerals needed to make computer chips, such as gallium,
Trump's proposals for tariffs of 10 per cent to 20 per cent on all imports and a 60 per cent or more tariff on goods from China have added to retailers' anxiety
Canadian Prime Minister Justin Trudeau said on Monday said Americans are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them. Speaking at an event put on by the Halifax Chamber of Commerce, Trudeau also said dealing with Trump will be a little more challenging than the last time because Trump's team is coming in with a much clearer set of ideas of what they want to do right away than after his first election win in 2016. The US president-elect has threatened to impose a 25 per cent tax on all products entering the US from Canada and Mexico unless they stem the flow of migrants and drugs. Trump got elected on a commitment to make life better and more affordable for Americans, and I think people south of the border are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive," Trudeau said. On the
It might be difficult to achieve it fully because tens of billions of dollars worth of goods will probably escape those import taxes due to loopholes and undercounting
LeBlanc was one of a handful of Canadian officials who attended the dinner with Trump and Trudeau, where the two leaders discussed a wide range of issues
Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. There's going to be a lot more tariffs, I mean, he's pretty clear, said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25 per cent tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop ill
Mexican President Sheinbaum and US President-elect Trump spoke by phone later on Wednesday, with the two discussing topics at the top of Trump's agenda
Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official has said. Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25 per cent tax on all products entering the US from Canada and Mexico as one of his first executive orders. A Canadian government official said on Wednesday that Canada is preparing for every eventuality and has started thinking about what items to target with tariffs in retaliation. The official stressed no decision has been made. The person spoke on condition of anonymity as they were not authorized to speak publicly. When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of
President-elect Trump's tariff threats against Canada, Mexico, and China have unsettled global markets, raising questions about how these moves might impact India's trade and economic interests
Trump's gambit risks setting in motion a standoff between the world's two biggest economies following an election campaign that already brought fears over a new wave of protectionism
The Commerce Department imposed a dumping margin of 29 per cent on Nippon Steel for selling hot-rolled steel in the US
Tariffs will affect the exchange rate, it will affect China's capital flow, and also will affect how much China will buy US Treasury bills, said Zhu