Almost all automakers are going to feel a pinch from the new tariffs imposed by President Trump on Saturday on goods imported from Canada, Mexico and China. Auto manufacturers ship tens of billions of dollars worth of finished automobiles, engines, transmissions and other components each week across the U.S. borders with Canada and Mexico. Billions…
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, invoking emergency economic powers to do so while citing a “major threat” from illegal immigration and drugs. Canadian and Mexican exports to the United States will face a 25 percent tariff, although energy resources from Canada will have a…
President Donald Trump moved forward Saturday with his plans for tariffs on Canada, Mexico and China, ending a guessing game about how aggressively he would move to penalize America’s three largest trading partners. The tariffs — as Trump has promised since after his election win — will be 25% duties on Canada and Mexico and…
President Trump on Saturday ordered 25 percent tariffs on all Mexican exports to the United States and a similar levy on all Canadian goods, except for a 10 percent tariff on Canadian energy. His move sent shock waves through both nations, whose leaders have warned that the tariffs will harm all three countries and disrupt…
(Bloomberg) — Canada is set to introduce escalating retaliatory counter-tariffs to try to turn Americans against President Donald Trump’s 25% levies on Canadian goods, a threat that’s causing the country to rethink its dependence on its southern neighbor. Most Read from Bloomberg “You will find when we do respond, at least initially, that we will…
Open this photo in gallery: A commercial truck with a Canada, United States and Mexico flag on its side is seen crossing over the Ambassador Bridge into Windsor, Ont. from Detroit on Aug. 29, 2018.Rebecca Cook/Reuters The federal government has been informed that the United States will impose across-the-board tariffs of 25 per cent on…
Consumers express thoughts on tariffs against Mexico, Canada, China – CBS Chicago Watch CBS News Gas Buddy experts say a 25% tariff on Canadian imports could add 30 to 40 cents a gallon at the pump. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn…
PALM BEACH, Fla. (AP) — New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25% tariffs against the two…
Trump to impose tariffs on Mexico, Canada, China – CBS Chicago Watch CBS News President Trump will enact 25% tariffs on imports from Mexico and Canada starting Feb. 1, as well as a 10% tariff on imports from China, according to White House spokeswoman Karoline Leavitt Be the first to know Get browser notifications for…
When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with Mexico. Now, nearly a billion dollars of commerce and more than 15,000 trucks roll over the line every day just a quarter mile from his office, binding the economies of…