Wednesday, October 28

Tag: Trump tariffs

24Oct By AdminsNo Comments

White House lifts tariffs on some Canadian goods as midterm elections loom

Getty Images Canada and the US are currently locked in a tit-for-tat trade war The Trump administration is lifting some of its 50% tariffs on Canadian goods two weeks before the midterm elections, after a Republican candidate in a key Senate race said she had lobbied for the change. Starting on 30 October, tariffs will be eased on products including "plywood sheets, some paper products, certain machinery and refrigeration equipment," the White House said on Friday. Republican Senator Susan Collins, who is in a tight race to keep her seat in Maine, first announced the exemptions, saying they would help her state's agriculture industry. The US imposed a 50% levy on $20bn (£15bn) of Canadian goods after trade talks between the two countries col...
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4Feb By AdminsNo Comments

Hope and uncertainty as India and US strike long-delayed trade deal

AFP via Getty Images Indian Prime Minister Narendra Modi (left) last met US President Donald Trump in February at the White House, but the two have spoken on the phone several times since then US President Donald Trump's decision to lower reciprocal tariffs on India from 50% to 18% has been met with a sense of relief in Asia's third-largest economy, even as precise details on the agreement remain sketchy. India paid the highest tariffs in the world after Trump raised import duties on Indian goods from 25% to 50% in August last year, saying Delhi's purchase of discounted Russian oil was helping fund Moscow's war effort in Ukraine. After his call with India's prime minister on Monday, Trump claimed Narendra Modi had "agreed to stop buyi...
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27Oct By AdminsNo Comments

Trump raises tariffs on Canadian goods over Reagan advert

Getty Images Trump posted about the tariff increase while flying to Malaysia on Saturday Donald Trump has said he is adding 10% to US tariffs on goods imported from Canada, after the province of Ontario aired an anti-tariff advertisement featuring Ronald Reagan. Calling the advert a "fraud", the US president lashed out at Canadian officials for not removing it ahead of the World Series baseball championship. Prime Minister Mark Carney said in response that Canada was ready "to continue to build on the progress we had been making" in trade talks, but added that it was developing trade relationships with other countries. Canada is the only G7 country to not reach a deal with the US since Trump began seeking to levy steep tariffs on goods from major trading partners. ...
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