Monday, June 16

Tag: Donald Trump

13Mar By AdminsNo Comments

Canada and EU swiftly retaliate against Trump’s steel and aluminium tariffs

Major trade partners have swiftly hit back at US President Donald Trump's increased tariffs on aluminium and steel imports, imposing stiff new taxes on US goods including products from textiles and water heaters to beef and bourbon. Canada, the largest steel supplier to the US said on Wednesday (early Thursday AEDT) it would place 25 per cent reciprocal tariffs on steel products and also raise taxes on a host of items: tools, computers and servers, display monitors, sports equipment, and cast-iron products. Across the Atlantic, the European Union will raise tariffs on American beef, poultry, bourbon, motorcycles, peanut butter and jeans Across the Atlantic, the European Union will raise tariffs on American beef, poultry, bourbon, motorcycles, peanut butter and je...
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13Mar By AdminsNo Comments

US official labels Australia a ‘dumper’ of aluminium as tariff fallout continues

US Commerce Secretary Howard Lutnick has labelled Australia as a "dumper" of under-priced aluminium as domestic politicians scramble to push for an exemption on steel and aluminium tariffs. "You've got dumpers in the rest of the world. Japan dumps steel, China dumps steel," he told Fox Business. "We're going to stop that nonsense and bring steel here. "We're not going to stand for China dumping, Japan dumping, Australia does a lot of aluminium at below cost." Trump refused to grant Australia an exemption. (Getty) Lutnick said Trump was "protecting America". Australia's steel and aluminium exports to the US amount to about 0.2 per cent of the national total export value. This morning, opposition leader Peter Dutton promised to "get a deal done" with U...
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13Mar By AdminsNo Comments

Steel and aluminum are central to American life. These are the industries and products that will be impacted by new tariffs

Steel and aluminum are ubiquitous in Americans' lives. A stainless steel refrigerator holds aluminum soda cans. A stainless steel drum tumbles inside an aluminum washing machine. They're the metals used in cars and airplanes, phones and frying pans, skyscrapers and zippers. That's why President Donald Trump's 25 per cent tariffs on all steel and aluminum imports, which went into effect yesterday, could have widespread impact on manufacturers and consumers. Here are some of the industries and products that rely on aluminum and steel: Construction The construction industry uses about one-third of all US steel shipments, more than any other industry, according to the Council on Foreign Relations. The industry depends on a global supply chain...
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8Mar By AdminsNo Comments

Judge orders Trump administration to speed up payment of USAID and State Department debts

A federal judge on Thursday ordered the Trump administration to speed up its payment on some of nearly $US2 billion in debts to partners of the US Agency for International Development and the State Department, giving it a Monday deadline to repay the nonprofit groups and businesses in a lawsuit over the administration's abrupt shutdown of foreign assistance funding. US District Judge Amir Ali described the partial payment as a "concrete" first step he wanted to see from the administration, which is fighting multiple lawsuits seeking to roll back the administration's dismantling of USAID and a six-week freeze on USAID funding, which has forced US-funded organisations to halt aid and development work around the world and lay off workers. Ali's line of questioning in a four-hour h...
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8Mar By AdminsNo Comments

Donald Trump ‘strongly considering’ sanctions and tariffs on Russia until ceasefire with Ukraine is reached

US President Donald Trump says he is "strongly considering" sanctions and tariffs on Russia in hopes of forcing a settlement to the war in Ukraine. He said in a post on Truth Social on Thursday (early Friday AEDT) that they could remain in place until a ceasefire and "final settlement agreement on peace" were reached. The post came as Trump faced criticism for increasing pressure on Ukraine to reach a deal while downplaying or even denying Russia's responsibility for starting the war with its invasion three years ago. Trump said he is "strongly considering" sanctions and tariffs on Russia in hopes of forcing a settlement to the war in Ukraine. (60 Minutes) The post came as Trump faces criticism for increasing pressure on Ukraine to reach a deal while downplaying or ev...
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8Mar By AdminsNo Comments

Trump backflips on tariffs yet again, threatens immense new tax on Canadian dairy, lumber

A day after offering Canada a one-month reprieve on punishing, virtually across-the-board 25 per cent tariffs, President Donald Trump has threatened new tariffs as soon as Friday on Canadian lumber and dairy products. It's yet another twist in a serpentine trade policy that seems to shift on an hourly basis. "Canada has been ripping us off for years on lumber and on dairy products," Trump said in an Oval Office address, citing Canada's roughly 250 per cent tariff on US dairy exports to the country. Trump said America would match those tariffs dollar-for-dollar. "We may do it as early as today, or we'll wait until Monday or Tuesday," Trump said. "We're going to charge the same thing. It's not fair. It never has been fair, and they've treated our farmers badly." Donald T...
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