Canadian, Mexican and American industries react as tariffs take effect North Americans in the auto, agriculture and toy industries shared their reactions to new tariffs. WASHINGTON ― President Donald Trump on Thursday said Mexico won’t be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement on trade, but he did…
Kanishka Singh and Jasper Ward | Reuters How Trump’s tariffs will effect everyday prices With new tariffs on imports, several everyday goods are likely to become more expensive for American consumers. Cars and auto parts, many of which are produced through an integrated North American supply chain, will see price increases as manufacturers adjust to…
President Trump talks 25% tariffs to Mexico, Canada beginning March 4 As for an increase to China tariffs, Trump said “It depends on what they do with their currency. It depends on what they do in terms of retaliation.” Reuters President Donald Trump’s 25% tariffs on Mexican and Canadian imports, along with an additional 10%…
WASHINGTON — The recent U.S. decision to tighten export controls on advanced semiconductors was driven by a fear that China could use artificial intelligence and advanced computing to alter the nature of future warfare, according to analysts. Those concerns have been accentuated by the use of AI in the Gaza and Ukraine conflicts, including Ukrainian drones identifying and…
US president-elect Donald Trump is expected to broaden usage of export-control tools including the foreign direct-product rule against China, possibly generating more friction with American allies, economic analysts warned on Thursday. The incoming Trump administration may want a “much broader decoupling” with China and is “prepared to bear costs” associated with such an act, including…
Washington lawmakers are going after firms that make equipment for semiconductor manufacturing as the Joe Biden administration mulls more export controls to restrict China’s hi-tech advances. On Thursday, the Democratic and Republican leaders of the House select committee on China sent letters to five American, Dutch and Japanese companies, requesting detailed information about the companies’…
TAIPEI — The U.S. is stepping up efforts in Taiwan and elsewhere in Asia to ensure American export controls on Huawei and other blacklisted Chinese companies are enforced. As part of those efforts, the U.S. stationed a regional export control officer in Taiwan for the first time last year to help ensure that companies there,…
A senior American official on Thursday lauded improved cooperation with the Chinese government on export controls meant to prevent the transfer of sensitive technologies to the mainland. Since the end of coronavirus lockdowns in China, mainland authorities have been more helpful in conducting “end-user checks” on companies that buy products sold by US firms, said…