EU Retaliates After Trump’s Sweeping Steel, Aluminum Tariffs: Live Updates
President Donald Trump has imposed sweeping 25% tariffs on all imported steel and aluminum, a move aimed at boosting U.S. manufacturing but one that risks higher consumer prices and escalating global trade tensions. The European Union swiftly retaliated with countermeasures on American exports, while Canada narrowly avoided an even steeper tariff hike. What to Know: […]
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Canada Will Stand Firm Despite Trump’s Disastrous Tariffs | Opinion
Tariffs on. Tariffs off. Tariffs on. Tariffs off. Just a day after President Donald Trump imposed long-awaited tariffs on Canada, his administration swiftly granted exemptions for the auto industry until April 2 and effectively removed goods shipped under the U.S.-Mexico-Canada Agreement—amounting to 38 percent of Canadian exports—from the tariff list until next month. Last week […]
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Canada Hit With Major New Retaliatory Tariffs From China
China has announced major new tariffs on Canadian agricultural products in retaliation to tariffs imposed by Ottawa in October on Chinese electric vehicles, steel and aluminum. Newsweek contacted Global Affairs Canada, the Canadian ministry that oversees international relations, and the Chinese Embassy in Canada for comment via email outside regular office hours. Why It Matters […]
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Why Fentanyl Led to Trump’s China Tariffs
President Donald Trump spent this week changing tack on trade tariffs, citing fentanyl as his motivational push to punish China, Canada and Mexico, before turning back on some of those threats. Trump extended his blanket tariff on Chinese goods to 20 percent this week, citing Chinese exports of illicit fentanyl as justification. The president also […]
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Will Chipotle Raise Prices Because of Trump Tariffs? CEO Issues Update
Chipotle Mexican Grill has announced that it does not plan to raise prices in response to tariffs imposed by the Trump administration on Mexican imports. CEO Scott Boatwright stated that the company will absorb the additional costs, even as tariffs could increase expenses for key ingredients like avocados. “It is our intent as we sit […]
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List of Stores to Raise Prices Because of Donald Trump’s Tariffs
Major U.S. retailers including Target and Best Buy are warning consumers of imminent price increases across a range of products. This comes in response to the new tariffs imposed by President Donald Trump on goods from China, Canada and Mexico. These measures, aimed at protecting U.S. industries, are likely to impact consumers nationwide—potentially seeing a […]
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China Strikes Back After US Tariffs Imposed: List of Products Targeted
China has announced additional tariffs on U.S. agricultural products and food items in response to President Donald Trump‘s decision to effectively double tariffs on Chinese imports. Newsweek has contacted the Chinese Embassy in Washington, D.C., for comment via email. Why It Matters The tariffs threaten to increase the prices, putting pressure on Trump, who made […]
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Canada Threatens Retaliation After Trump Tariffs
By Aila Slisco is a Newsweek night reporter based in New York. Her focus is on reporting national politics, where she has covered the 2020 and 2022 elections, the impeachments of Donald Trump and multiple State of the Union addresses. Other topics she has reported on for Newsweek include crime, public health and the emergence […]
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Stocks Plummet After Trump Confirms Mexico, Canada Tariffs to Go Forward
By Katherine Fung is a Newsweek senior reporter based in New York City. She has covered U.S. politics and culture extensively. Katherine joined Newsweek in 2020. She is a graduate of the University of Western Ontario and obtained her Master’s degree from New York University. You can get in touch with Katherine by emailing k.fung@newsweek.com. […]
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NATO Ally Could Be Spared From Trump Tariffs
New Jersey Governor Phil Murphy said the UK could be spared from President-elect Donald Trump‘s proposed tariffs plan, according to Sky News. During an interview on Sunday Morning with Trevor Phillips, Murphy said that he believes Trump will not include allies like Britain in his new tariff plan, but rather target other countries, saying: “If […]
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