Trump, tariffs and Trade Tensions
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Reuters |
Mexico and Canada were the exceptions, potentially putting them in a position to benefit from the higher costs of other nations' goods, particularly in Asia.
Seattle Times |
President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars.
U.S. News & World Report |
Countries across the world, including some of America's closest allies, condemned President Donald Trump's announcement of reciprocal tariffs and some pledged counter-measures while hoping the White H...
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19hon MSN
Mexico celebrated Thursday having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world, but was also quickly reminded that in a global economy the effects of uncertainty can’t be entirely avoided.
Sweeping tariffs imposed by U.S. President Donald Trump on Wednesday are set to increase prices of cannabis products in the country, as many firms rely on Asia for manufacturing. The latest levies will stack up on any duties imposed earlier on countries like China, Canada, Mexico and the EU.
The relief in Mexico, which has a free-trade deal with the United States and Canada, was tempered by concern over the 25-percent levies Trump slapped on foreign-made imported vehicles.
"We are going to fight these tariffs with countermeasures," Canadian Prime Minister Mark Carney said Wednesday.
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Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
Donald Trump's latest round of tariffs had two notable omissions: Mexico and Canada. But the two nations are still subject to preexisting tariffs.
"The tariffs will not impact us as much as we can always cross to Mexico to buy goods such as tortillas, cheese, or snacks," Mayor Jose Grijalva told Newsweek.
Nissan Motor Co. decided to stop selling a pair of Mexican-built Infiniti SUVs in the US market, in response to President Donald Trump’s sweeping tariffs on car imports.
By Kalea Hall, David Shepardson, Nora Eckert DETROIT (Reuters) -Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada,