Doubled Tariff on Canadian Metals Abruptly Called Off
President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America’s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now.
US-Canada trade war heats up as Trump doubles metals tariffs, then backs off
President Donald Trump reversed course on Tuesday afternoon on a pledge to double tariffs on steel and aluminum from Canada to 50%, just hours after announcing the higher tariffs, in rapid-fire moves that scrambled financial markets.
Mr. Trump spent much of his social media post on Tuesday essentially cajoling Canada to become part ... tariffs on foreign cars as well as “reciprocal” tariffs on foreign nations on April 2.
Major US tariffs against Canada and Mexico are now in effect, kickstarting retaliatory measures and escalating fears of a ...
Jerome Powell, as expected, declined to be drawn into a dispute between President Trump and Democrats on whether tariffs were good for the U.S. economy. "It's not the Fed's job to make or comment ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback