New Delhi: Escalating a global trade war, US President Donald Trump unleashed a barrage of reciprocal tariffs to match duties put on US goods by other countries. The American commander-in-chief said he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on some of the country’s … Read more
Canada is the biggest foreign supplier of steel and aluminum to the United States. (Representational) Canada will announce C$29.8 bln in retaliatory tariffs on the United States on Wednesday in response to US President Donald Trump’s steel and aluminum tariffs, a Canadian official said. The official declined to be named. Trump’s increased tariffs on steel … Read more
Washington: US President Donald Trump said Tuesday he would “probably” reconsider doubling planned tariffs on Canadian steel and aluminum, hours after announcing the sharp hike. Trump’s step up to 50 percent levies initially came after the Canadian province of Ontario imposed an electricity surcharge on three US states who buy it — but Ontario has … Read more
Canadian Prime Minister Justin Trudeau has vowed to fight back against the United States’ sweeping tariffs on Canadian imports, calling it a “trade war” that will “first and foremost harm American families”. Trudeau emphasised that Canadians are “reasonable” and “polite,” but will not back down from a fight, especially when the country’s well-being is at … Read more
Washington, DC: As US President Donald Trump’s tariff hike for Mexico, Canada, and China kicks in on Tuesday, Ottawa and Beijing are already ready with countermeasures aimed at safeguarding their rights and interests. Canada will slap tariffs on US imports beginning Tuesday in response to levies pledged by America, Prime Minister Justin Trudeau said on … Read more
New Delhi: Stock markets across the globe sank after US President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Trump’s comments made on Monday struck fears of a trade war in North America and sent financial markets reeling. The US stocks tumbled sharply in late afternoon trading, … Read more