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Trump’s Tariffs On China, Canada And Mexico Kick In: What To Know

02 Feb 2025

President Donald Trump on Saturday signed new tariffs on goods entering the United States from Canada, Mexico, and China, a move that heightens the risk of a trade war with the nation's closest trading partners. The decision could lead to higher prices for a wide range of products, including automobiles...

What are Tariffs? Import Duties Trump Is Unleashing On Mexico, Canada And China

01 Feb 2025

President Donald Trump is set to announce a new wave of tariffs on imports from three of the United States' closest trading partners: Mexico, Canada, and China. The new tariffs come as part of Trump's ongoing trade strategy, despite the widespread criticism tariffs face from economists. What Are Tariffs? Tariffs,...

‘Make Your Products in America Or Pay Tariffs’: Trump Urges Businesses to Manufacture in the US

23 Jan 2025

US President Donald Trump addressed global business leaders on Thursday, urging them to manufacture their products in the United States. Speaking remotely to the World Economic Forum in Davos, Switzerland, Trump emphasized the benefits of moving production to America, while warning of tariffs for those who choose otherwise. This was...

Trump’s Threat Prompts Canada To Examine Retaliatory Tariffs On US Products

28 Nov 2024

Canada is preparing for the possibility of retaliatory tariffs against the United States if President-elect Donald Trump follows through on his threats to impose sweeping tariffs on Canadian goods. This warning comes after Trump's statement that he intends to levy a 25% tax on all products entering the U.S. from...

‘Stop Illegal Immigration’: Donald Trump Threatens 25% Tariff On All Canadian Goods

26 Nov 2024

The Canadian government is bracing for intensified measures to combat illegal immigration and drug trafficking following U.S. President-elect Donald Trump’s renewed threats to impose a 25% tariff on imports from Canada and Mexico. The warning has raised stakes for bilateral relations as both countries grapple with shared border security challenges....

Trump’s Second-Term Tariff Plan Could Trigger Major Global Economic Shifts

15 Nov 2024

Donald Trump's economic agenda in his second term is heavily built on the policy of trade and focuses largely on targeting China. The President-elect has threatened to impose tariffs on a myriad of imports, which are seen to cut China hugely. However, even the United States' allies will not be...

Trump’s Second Term: A Tariff War With China Could Be Imminent

07 Nov 2024

As Donald Trump returns to the White House, his second term poses a significant challenge for China, with the potential for renewed tensions over tariffs, Taiwan, and technology. Here’s a breakdown of what’s at stake for US-China relations under Trump’s leadership. Looming Tariff War: A New Economic Battle? One of...

IMF’s Gita Gopinath Warns ‘Potential’ Global Trade War Could Slash World Economy by 7%

24 Oct 2024

The International Monetary Fund (IMF) has issued a stark warning regarding the possible economic fallout of a global trade war. According to IMF Deputy Managing Director Gita Gopinath, the world economy could contract by up to 7%, an economic loss equivalent to the combined economies of France and Germany, if...

China Imposes Tariffs on European Brandy, Sparking Trade Dispute with the EU

09 Oct 2024

China has introduced new taxes on imports of European brandy, a move France views as retaliation for the European Union's (EU) recent decision to impose heavy tariffs on Chinese-made electric vehicles (EVs). The European Commission criticized China's move, labeling it an "abuse" of trade defense measures and promising to challenge...

Canada To Impose 100% Tariff On Chinese-Made Electric Vehicles: Trudeau

26 Aug 2024

Canadian Prime Minister Justin Trudeau has announced that Canada will introduce higher tariffs on Chinese-made electric vehicles (EVs) and Chinese steel, as reported by Canada-based Global News. He made the announcement while speaking to reporters in Halifax on Monday. During the Liberal cabinet retreat, Trudeau stated, "Shortly, we will be...