U.S. Sanctions Iran, Canada Retaliates With Tariffs
#IranSanctions #USTariffsThe U.S. will announce new economic pressure on Iran, prompting threats of retaliation. Canada will impose retaliatory tariffs on U.S. imports starting Sept. 8. A federal judge struck down a visa ban affecting 75 countries. read more
US, Canada race to avert 50% tariff deadline crisis
#TradeWar #USTariffsU.S. and Canadian negotiators race to avert Trump's 50% tariffs on $20 billion in Canadian goods by Wednesday's deadline, amid intense talks and strained bilateral relations over trade and annexation rhetoric. read more
US, Canada race to avert 50% tariffs on $20 billion
#USTariffs #CanadaTradeUS and Canada hold last-minute talks to avert 50% tariffs on $20 billion of Canadian goods, escalating tensions over trade disputes and Trump's annexation remarks. Both sides seek an off-ramp amid renegotiations. read more
Colombias President Asks Trump for Tariff Relief After Quake
#ColombiaEarthquake #USTariffsColombian President de la Espriella urged Trump to suspend tariffs aiding earthquake recovery after a 7.4 quake killed 289. He seeks relief for businesses amid devastation, while U.S. pledged $26.5 million in emergency support. read more
Trump visits Michigan amid Canada tariff feud
#TrumpMichigan #USTariffsTrump visits Michigan amid tensions over new Canada tariffs, which hurt the state's economy. He touts economic record at a GM facility, but local businesses struggle with inflation and rising gas prices. Early voting begins for August primary. read more
New US-Canada bridge opens amid Trump tariff tensions
#GordieHoweBridge #USTariffsTraffic begins on the Gordie Howe International Bridge, a $6.4 billion Detroit River crossing boosting U.S.-Canada trade. Canada celebrated its completion, but U.S. officials skipped amid Trump’s new 50% tariffs on Canadian imports, casting a shadow. read more
US tariffs on allies spark global backlash over forced labor
#USTariffs #TradeDisputesPresident Trump's latest tariff hikes on 60 economies, citing forced labor concerns, drew sharp objections from trading partners like Australia and New Zealand. They called the 10-12.5% duties unjustified and harmful, while experts noted lower rates may reduce disruption. read more
US imposes 25% tariffs on Brazilian imports
#USTariffs #BrazilTradeThe U.S. will impose 25% tariffs on Brazilian imports starting July 22, citing unfair trade practices like lax anti-corruption enforcement. Exemptions include coffee, beef, and aerospace parts. Brazil’s president blamed politics, but officials deny this. read more
Tariffs Triple for US Midsized Firms
#USTariffs #TradePolicyTariffs paid by midsized U.S. firms tripled last year, JPMorganChase Institute analysis shows. The costs, borne by American businesses, disrupt operations and may shift supply chains from China. This counters administration claims that foreign entities pay the tariffs. read more
US Tariffs on Canada and Mexico May Not Reach 25%
#USTariffs #CanadaMexicoTradeUS tariffs on Canada and Mexico set for Tuesday may not be at the proposed 25% level, as confirmed by commerce chief Howard Lutnick. Trump will determine the final tariff percentage. The decision marks a shift from the initial threat. . read more