May 1, 2026

Trump Tariffs

Starmer dismisses claims he’s been ‘played’ by Trump, and says future trade deal could lessen impact of tariffs – UK politics live | Politics– www.theguardian.com

pgnewser April 1, 2025 0

Starmer dismisses claims he’s been ‘played’ by Trump, and says future trade deal could lessen impact of tariffs – UK politics live | Politics– www.theguardian.com
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Keir Starmer has dismissed claims that he has been “played” by President Trump over tariffs.

In an interview with Sky News this morning, echoing what Jonathan Reynolds said in his morning interview round (see 8.58am), Starmer said that a future trade deal with the US might lead to the UK getting some exemptions from the tariffs coming tomorrow. He said:

We are of course negotiating an economic deal which will, I hope … mitigate the tariffs.

Asked if he had been “played” by US President Donald Trump, Starmer replied:

The US is our closest ally. Our defence, our security, our intelligence are bound up in a way that no two other countries are.

So it’s obviously in our national interest to have a close working relationship with the US, which we’ve had for decades, and I want to ensure we have for decades to come.

He said talks on an economic deal would normally take “months or years” but “in a matter of weeks we have got well advanced in those discussions”.

Starmer also confirmed that it was likely the UK would be affected by the tariffs being announced tomorrow.

We are obviously working with the sectors most impacted at pace on that.

Nobody wants to see a trade war but I have to act in the national interests.

Trump says reciprocal tariffs will target all countries– www.channelnewsasia.com

pgnewser March 31, 2025 0

Trump says reciprocal tariffs will target all countries– www.channelnewsasia.com
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ABOARD AIR FORCE ONE: US President Donald Trump said on Sunday (Mar 30) reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances.

Trump has promised to unveil a massive tariff plan on Wednesday, which he has dubbed “Liberation Day”. He has already imposed tariffs on aluminum, steel and autos, along with increased tariffs on all goods from China.

“You’d start with all countries,” he told reporters aboard Air Force One. “Essentially all of the countries that we’re talking about.”

White House economics adviser Kevin Hassett recently told Fox Business that the administration’s tariffs focus would be on 10 to 15 countries with the worst trade imbalances, though he did not list them.

Trump Fuels Blue Wave By Planning To Hit Americans With Biggest Peacetime Tax Increase In History– www.politicususa.com

pgnewser March 31, 2025 0

Trump Fuels Blue Wave By Planning To Hit Americans With Biggest Peacetime Tax Increase In History– www.politicususa.com
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Excerpt:

Trump trade adviser Peter Navarro said, according to an X post from Jeff Stein of The Washington Post that Trump is planning on imposing $600 billion worth of tariffs per year for ten years:

White House aide Peter Navarro today: Trump’s tariffs will raise $600 billion per year, or $6 trillion over a 10 year period Seems to reflect our reporting that Trump wants to go absolutely enormous on the tariffs, regardless of short-term economic consequences

Video of Navarro:

To put this into context, Trump’s proposed tariffs would be 2.2% of GDP.

Here is a chart from The Tax Foundation of the largest tax increases as a percentage of GDP in US history:

 

Trump’s Tariffs Leave Automakers With Tough, Expensive Choices– www.nytimes.com

pgnewser March 31, 2025 0

Trump’s Tariffs Leave Automakers With Tough, Expensive Choices– www.nytimes.com
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Excerpt:

Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say.

Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of cars they already make here. They can stop selling imported models, especially ones that are less profitable.

But whatever carmakers decide, car buyers can expect to pay more for new and used vehicles. Estimates vary widely and depend on the model, but the increase could range from around $3,000 for a car made in the United States to well over $10,000 for imported models.

Those figures do not take into account additional tariffs that Mr. Trump said he would announce next week to punish countries that impose tariffs on U.S. goods. He has also said he would increase tariffs further if trading partners like Canada and the European Union raise tariffs in response to his auto tariffs, leading to an escalating tit-for-tat trade war.

“It’s going to be disruptive and expensive for American consumers for several years,” said Michael Cusumano, professor of management at the MIT Sloan School of Management.

Trump’s Auto Tariffs Just Got a Huge Endorsement – PJ Media– pjmedia.com

pgnewser March 31, 2025 0

Trump’s Auto Tariffs Just Got a Huge Endorsement – PJ Media– pjmedia.com
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Excerpt:

United Auto Workers (UAW) President Shawn Fain, who backed Kamala Harris in last year’s election, just delivered the most significant endorsement yet of President Donald Trump’s tariffs on foreign-made automobiles. Defying the left’s narrative, Fain called the tariffs a necessary tool to bring manufacturing jobs back to the United States.

Speaking on CBS’s “Face the Nation,” Fain agreed with Trump trade adviser Peter Navarro’s assessment that American auto plants are operating at only 60% capacity, which leaves plenty of room to ramp up production domestically.

“He’s spot on,” Fain said, citing the example of Stellantis, which recently laid off 2,000 workers in Warren, Mich., after shifting Ram truck production to Mexico. “They could shift that work back in very short order and be producing Ram trucks right back there and put those people back to work.”

China Deserves the Trump Tariffs– www.dailysignal.com

pgnewser March 31, 2025 0

China Deserves the Trump Tariffs– www.dailysignal.com
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This January, when President Joe Biden was serving his last weeks in office and turning over the presidency to Donald Trump, the United States ran a $31.7 billion trade deficit with China.

That was the largest trade deficit the United States ran that month with any nation—and it continued a long-standing pattern.

In 2024, according to data published by the Census Bureau, America’s annual trade deficit with China was $295.402 billion. That was not only the largest trade deficit the United States ran with any country, it was also larger than the trade deficit the United States ran with the entire European Union ($235.571 billion).

In 2023, the United States ran a $279.107 billion trade deficit with China. In 2022, it was $382.133 billion; in 2021, it was $352.806 billion; in 2020, it was $310.263 billion; and in 2019, it was $344.312 billion.

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Trump warns of greater EU, Canada tariffs if they plan “economic harm” against US– seekingalpha.com

pgnewser March 27, 2025 0

President Trump has suggested that the expected new round of tariffs on April 2 will not be as severe as initially planned. He said, “I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people.”

He has followed through with his 25% tariff on all imported vehicles, as well as issuing a new round of threats to the EU and Canada that if they plan “economic harm” he will raise the tariff rates in response.

Trump warns of greater EU, Canada tariffs if they plan “economic harm” against US– seekingalpha.com
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Excerpt:

U.S. President Donald Trump said on Truth Social on Thursday that his administration would impose greater tariffs on the EU and Canada if they collaborate to do “economic harm” to the country.

“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!” Trump posted.

This marks the latest escalation of Trump’s tariff war with the world.

European Commission President Ursula von der Leyen responded to Trump’s statement, reiterating that “Tariffs are taxes – bad for businesses, worse for consumers equally in the U.S. and the EU.”

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EU. UK Target U.S. Social Media, Tech Companies

pgnewser March 20, 2025 0

The European Union is targeting Google and Apple for Antitrust violations that could force one company, Apple, to alter its product significantly, and Google over 10% of its global revenue. The UK is following suit by threatening to prosecute U.S. social media companies that don’t comply with their soviet and Muslim-compliant brand of censorship.

The Trump administration had previously threatened countries with tariff retaliation that target American companies in the way the UK and the EU just did.

Social media platforms face fines and criminal prosecution in UK – Marketing Tech
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The UK Online Safety Act officially came into force on Monday, March 17, 2025, granting Ofcom extensive new powers to hold social media platforms accountable for illegal content.

Under the landmark legislation, technology companies must take proactive measures to detect and remove harmful material or face penalties of up to £18 million or 10% of their global revenue, whichever is higher.

New enforcement powers target illegal content

Technology firms must do more to tackle illegal content on their platforms as Ofcom begins enforcing the Online Safety Act’s illegal content codes.

From Monday, the regulator has started requiring social media companies to find and remove content such as child sexual abuse material, terrorism-related content, hate crimes, content encouraging suicide, and fraud.

Technology secretary Peter Kyle described the changes as “a major step forward in creating a safer online world.” He added that “for too long”, child abuse material, terrorist content, and intimate image abuse have been “easy to find online.” Still, social media platforms now have a legal duty to prevent and remove such material.

“Platforms must now act quickly to comply with their legal duties, and our codes are designed to help them do that,” said Suzanne Cater, enforcement director at Ofcom. “But, make no mistake, any provider who fails to introduce the necessary protections can expect to face the full force of our enforcement action.”

Europe targets Apple and Google in antitrust crackdown, risking fresh Trump tariff clash – Fortune
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Excerpt:

In a move that risks enraging the Trump administration, the European Commission has announced major antitrust enforcement decisions against Google and Apple.

US says ready to confer with China, Canada on WTO disputes – MSN

pgnewser March 19, 2025 0

US says ready to confer with China, Canada on WTO disputes – MSN
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 The U.S. mission told China and Canada it was ready to confer with its officials in Geneva after those two countries filed trade disputes in response to new tariffs, World Trade Organization documents showed on Tuesday.

Canada requested consultations – the first step in a WTO trade dispute – earlier this month in response to “unjustified tariffs” imposed by U.S. President Donald Trump earlier this month.

Trump doubles down on tariffs as stocks sink: ‘not going to bend’– www.cnbc.com

pgnewser March 13, 2025 0

Trump doubles down on tariffs as stocks sink: ‘not going to bend’– www.cnbc.com
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Excerpt:

 

President Donald Trump on Thursday doubled down on his escalating tariff plans, even as his economic agenda continued to rattle investors and contribute to a weekslong stock market sell-off.

“I’m not going to bend at all,” Trump said when asked about his tariff plans during an Oval Office meeting with NATO Secretary General Mark Rutte.

Trump specifically said he would not change his mind about enacting sweeping “reciprocal tariffs” on other countries that put up trade barriers to U.S. goods. The White House has said those tariffs are set to take effect April 2.

Trump’s comments came as major stock indexes continued to tumble Thursday, with the S&P 500 falling 10% from its recent highs and entering correction territory.

Canada Launches WTO Complaint On US Steel, Aluminium Tariffs– www.ndtv.com

pgnewser March 13, 2025 0

Canada Launches WTO Complaint On US Steel, Aluminium Tariffs– www.ndtv.com
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Excerpt:

Canada launched a complaint with the World Trade Organization on Thursday over US President Donald Trump’s across-the-board imposition of 25-percent tariffs on steel and aluminium imports.

The steep levies, which came into force on Wednesday, contained no exemptions despite countries’ efforts to avert them.

“Canada has requested WTO dispute consultations with the United States regarding the imposition by the United States of import duties on certain steel and aluminium products from Canada,” the WTO said.

“Canada claims that the measures, which terminate Canada’s exemption from additional duties on certain steel and aluminium products and increase duties on aluminium articles, and which took effect on March 12, are inconsistent with US obligations,” the global trade body said.

‘Wave of nationalism’: Trump tariffs are good politics in Canada and Mexico – USA TODAY

pgnewser March 13, 2025 0

‘Wave of nationalism’: Trump tariffs are good politics in Canada and Mexico – USA TODAY
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Excerpt:

Approval ratings for Canadian and Mexican leaders are skyrocketing amid popular outrage in those countries over President Donald Trump’s tariff threats − as his own approval ratings have slipped among Americans.

As Trump is poised to slap steep tariffs on America’s northern and southern neighbors − and has floated swallowing up Canada as the “51st state” − leaders in Mexico and Canada are defiant.

On Tuesday, Trump said he would double tariffs on Canadian steel and aluminum from 25% to 50% after Ontario announced a 25% surcharge on the Canadian province’s electricity exports to Michigan, Minnesota and New York. Ontario backed down.

Trump threatens to put 200% tariff on French Champagne and other EU spirits– www.cnbc.com

pgnewser March 13, 2025 0

Trump threatens to put 200% tariff on French Champagne and other EU spirits– www.cnbc.com
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Excerpt:

U.S. President Donald Trump said Thursday he plans to put a 200% tariff on alcohol from France and other European nations in the latest escalation of global trade tensions.

The U.S. tariff comes after the European Union moved to reinstate an import tax on American whiskey.

“The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.,” Trump said on Truth Social.

Trump Doubles Down on Tariff Wars Despite Early Mixed Economic Signals

pgnewser March 11, 2025 0

India won’t budge on its current tariff levels after U.S. tariffs recently took effect. Canada has clawed back some its promised threats but continues to pursue the U.S. legally in world courts.  One potential unexpected cost of the tariffs is the rise in patriotism in both Mexico and Canada, as well as a rise in support for the incumbent leaders in both nations as well.

Europe might yet face more tariffs, with Trump warning, “The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.”

The economy is producing mixed signals, which include a down stock market, but an unexpected decrease in inflation. President Trump is doubling down, saying “I’m not backing down,” seeming to acknowledge things might get more difficult before they get better, but that, in the end, he said, “I hate to predict things like that. There is a period of transition because what we’re doing is very big, we’re bringing back wealth to America.” Read blurb report

Trump doubles down on tariffs as stocks sink: ‘not going to bend’– www.cnbc.com
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Excerpt:

 

President Donald Trump on Thursday doubled down on his escalating tariff plans, even as his economic agenda continued to rattle investors and contribute to a weekslong stock market sell-off.

“I’m not going to bend at all,” Trump said when asked about his tariff plans during an Oval Office meeting with NATO Secretary General Mark Rutte.

Trump specifically said he would not change his mind about enacting sweeping “reciprocal tariffs” on other countries that put up trade barriers to U.S. goods. The White House has said those tariffs are set to take effect April 2.

Trump’s comments came as major stock indexes continued to tumble Thursday, with the S&P 500 falling 10% from its recent highs and entering correction territory.

India Says “No Commitments” To Tariff Cuts After Trump’s Tax Cut Claim– www.ndtv.com
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Excerpt:

India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to “cut their tariffs way down”.

Only weeks into his second term, Trump has upended global trade, targeting friends and foes alike. He has also blamed all trading partners of “unfair” practices, and has announced reciprocal tariffs on many countries, including India, to begin from next month.

Trump once again railed at India’s “massive tariffs” last week.

“You can’t sell anything into India, it is almost restrictive,” Trump said.

“They have agreed, by the way, they want to cut their tariffs way down now because somebody is finally exposing them for what they have done,” he added.

But the Indian government told a parliamentary panel that “no commitments had been made to the US on the issue,” a report in The Times of India newspaper said Tuesday.

The government “has sought time until September to address the issue that is being repeatedly flagged by the American president,” it added.

Trump dodges recession talk as global markets plunge– www.dailykos.com
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Excerpt:

 President Donald Trump has refused to rule out that his economic policies could trigger a recession and pushed for a “period of transition” that global markets have already responded to negatively.

In an interview that aired on Sunday, with Fox Business conspiracy theorist Maria Bartiromo, Trump was asked if he expected a recession.

“I hate to predict things like that. There is a period of transition because what we’re doing is very big, we’re bringing wealth back to America,” Trump said.

Trump’s statement is false. He has repeatedly throughout his political career predicted economic calamity, usually in the context of attacks against his Democratic rivals like former President Joe Biden and Sec. Hillary Clinton.

Donald Trump’s tariffs hurting US business, Republican lawmakers warn – US politics live | Donald Trump– www.theguardian.com
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Excerpt:

US president Donald Trump has not treated Greenlanders with respect since expressing his renewed interest in acquiring the vast, mineral-rich Arctic island, Greenland’s prime minister was quoted on Monday as saying.

Trump reiterated his interest in acquiring the island during his address to Congress last Tuesday, painting a picture of prosperity and safety for the “incredible people” of Greenland, an autonomous territory of the kingdom of Denmark, Reuters reported.

Trump reaffirmed that message in a Truth Social post early on Monday, writing: “We will continue to keep you safe, as we have since World War II. We are ready to invest billions of dollars to create new jobs and make you rich.”

Greenland’s prime minister Mute Egede told Danish public broadcaster DR in an interview aired on Monday: “We deserve to be treated with respect, and I don’t think the US president has done that recently since he took office.”

“I think that the recent things the American president has been doing means that people don’t want to get as close to (the US) as they might have wanted in the past,” he added.

“We need to draw a line in the sand and put more effort into (cultivating relations with) the countries that show us respect for the future we want to build,” said Egede, in comments aired a day before Greenland holds a general election.

Trump threatens to put 200% tariff on French Champagne and other EU spirits– www.cnbc.com
Source Link
Excerpt:

U.S. President Donald Trump said Thursday he plans to put a 200% tariff on alcohol from France and other European nations in the latest escalation of global trade tensions.

The U.S. tariff comes after the European Union moved to reinstate an import tax on American whiskey.

“The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.,” Trump said on Truth Social.

‘Wave of nationalism’: Trump tariffs are good politics in Canada and Mexico – USA TODAY
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Excerpt:

Approval ratings for Canadian and Mexican leaders are skyrocketing amid popular outrage in those countries over President Donald Trump’s tariff threats − as his own approval ratings have slipped among Americans.

As Trump is poised to slap steep tariffs on America’s northern and southern neighbors − and has floated swallowing up Canada as the “51st state” − leaders in Mexico and Canada are defiant.

On Tuesday, Trump said he would double tariffs on Canadian steel and aluminum from 25% to 50% after Ontario announced a 25% surcharge on the Canadian province’s electricity exports to Michigan, Minnesota and New York. Ontario backed down.

Canada Launches WTO Complaint On US Steel, Aluminium Tariffs– www.ndtv.com
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Excerpt:

Canada launched a complaint with the World Trade Organization on Thursday over US President Donald Trump’s across-the-board imposition of 25-percent tariffs on steel and aluminium imports.

The steep levies, which came into force on Wednesday, contained no exemptions despite countries’ efforts to avert them.

“Canada has requested WTO dispute consultations with the United States regarding the imposition by the United States of import duties on certain steel and aluminium products from Canada,” the WTO said.

“Canada claims that the measures, which terminate Canada’s exemption from additional duties on certain steel and aluminium products and increase duties on aluminium articles, and which took effect on March 12, are inconsistent with US obligations,” the global trade body said.

Donald Trump’s tariffs hurting US business, Republican lawmakers warn – US politics live | Donald Trump– www.theguardian.com

pgnewser March 11, 2025 0

Donald Trump’s tariffs hurting US business, Republican lawmakers warn – US politics live | Donald Trump– www.theguardian.com
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Excerpt:

US president Donald Trump has not treated Greenlanders with respect since expressing his renewed interest in acquiring the vast, mineral-rich Arctic island, Greenland’s prime minister was quoted on Monday as saying.

Trump reiterated his interest in acquiring the island during his address to Congress last Tuesday, painting a picture of prosperity and safety for the “incredible people” of Greenland, an autonomous territory of the kingdom of Denmark, Reuters reported.

Trump reaffirmed that message in a Truth Social post early on Monday, writing: “We will continue to keep you safe, as we have since World War II. We are ready to invest billions of dollars to create new jobs and make you rich.”

Greenland’s prime minister Mute Egede told Danish public broadcaster DR in an interview aired on Monday: “We deserve to be treated with respect, and I don’t think the US president has done that recently since he took office.”

“I think that the recent things the American president has been doing means that people don’t want to get as close to (the US) as they might have wanted in the past,” he added.

“We need to draw a line in the sand and put more effort into (cultivating relations with) the countries that show us respect for the future we want to build,” said Egede, in comments aired a day before Greenland holds a general election.

Trump dodges recession talk as global markets plunge– www.dailykos.com

pgnewser March 11, 2025 0

Trump dodges recession talk as global markets plunge– www.dailykos.com
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Excerpt:

 President Donald Trump has refused to rule out that his economic policies could trigger a recession and pushed for a “period of transition” that global markets have already responded to negatively.

In an interview that aired on Sunday, with Fox Business conspiracy theorist Maria Bartiromo, Trump was asked if he expected a recession.

“I hate to predict things like that. There is a period of transition because what we’re doing is very big, we’re bringing wealth back to America,” Trump said.

Trump’s statement is false. He has repeatedly throughout his political career predicted economic calamity, usually in the context of attacks against his Democratic rivals like former President Joe Biden and Sec. Hillary Clinton.

Trump says he is suspending tariffs on many Mexican goods for one month – US politics live | Trump administration– www.theguardian.com

pgnewser March 7, 2025 0

Trump says he is suspending tariffs on many Mexican goods for one month – US politics live | Trump administration– www.theguardian.com
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Excerpt:

President Donald Trump has announced that after speaking with Mexican President Claudia Sheinbaum he has agreed that Mexico will not be required to pay tariffs on anything that falls under the US-Mexico-Canada-Agreement until 2 April.

His post reads:

After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd. I did this as an accommodation, and out of respect for, President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!

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Canada Remains Bellicose Despite U.S. Pause on Tariffs

pgnewser March 7, 2025 0

President Donald Trump announced a 30-day pause on newly enacted tariffs on Canada and Mexico but was met with mixed signals from Canada. On one hand, Canada appeared ready to move more aggressively on cutting down fentanyl traffic across the border, but on the other, Canada has not ended all its recently enacted tariffs, only the ones in response to Trump’s latest round of tariffs.

Ontario Premier Doug Ford offered the most bellicose response, announcing plans to increase their electricity fee by 25 percent for Americans in Minnesota, New York, and Michigan. Ford said of Trump’s announced tariff pause, “The only thing that’s certain today is more uncertainty. A pause on some tariffs means nothing. Until President Trump removes the threat of tariffs for good, we will be relentless.”

Trump agrees to pause tariffs on Canada and Mexico after they pledge to boost border enforcement – AP News
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Excerpt:

President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking.

The pauses provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade war that risked crushing economic growth, causing prices to soar and ending two of the United States’ most critical partnerships.

“I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured,” Trump posted on social media. “FAIRNESS FOR ALL!”

Canadian Prime Minister Justin Trudeau posted Monday afternoon on X that the pause would occur “while we work together,” saying that his government would name a fentanyl czar, list Mexican cartels as terrorist groups and launch a “Canada-U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering.”

Canada’s tariffs to remain despite Trump postponing tariffs on many imports– abcnews.go.com

pgnewser March 7, 2025 1

Canada’s tariffs to remain despite Trump postponing tariffs on many imports– abcnews.go.com
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Excerpt:

TORONTO — Canada’s initial retaliatory tariffs against the U.S. will remain in place despite President Donald Trump postponing 25% tariffs on many imports from Canada for a month, two senior Canadian government officials said.

Trump said Thursday that he has postponed 25% tariffs on many goods from Canada and Mexico for a month, amid widespread fears of a broader trade war.

Two senior Canadian governments official told the Associated Press that Canada’s first wave of response tariffs will remain. The officials spoke on condition of anonymity as they were not authorized to speak publicly about the matter.

Canada’s initial $30 billion Canadian (US$21 billion) worth of retaliatory tariffs have been applied on items like American orange juice, peanut butter, coffee, appliances, footwear, cosmetics, motorcycles and certain pulp and paper products.

Trump threatens further tariff hikes after Canada retaliates | Trade War News– www.aljazeera.com

pgnewser March 4, 2025 0

Trump threatens further tariff hikes after Canada retaliates | Trade War News– www.aljazeera.com
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Excerpt:

US president posts warning on social media after Canada PM Trudeau slammed ‘dumb’ trade war.

US President Donald Trump has warned Canada that he will escalate his trade war after Prime Minister Justin Trudeau announced retaliatory tariffs on US goods.

Trump’s 25-percent tariffs on imports from Mexico and Canada took effect on Tuesday, prompting Trudeau to announce retaliatory tariffs on more than $100bn of American goods that will take effect over 21 days.

The US president responded on Truth Social, the social media platform he owns, saying: “Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the US, our Reciprocal Tariff will immediately increase by a like amount!”

Tariff Wars Escalate as U.S. Battles China, Canada, Mexico

pgnewser March 4, 2025 0

President Donald Trump’s promised tariffs on Canada and Mexico have hit after the administration determines they did nothing of significance to ward off the tariffs. Canada has responded with its own 25% tariff, which has triggered another counter-tariff from Trump.

China has announced its own counter-tariffs, which includes 15% tariffs on U.S. farm products like chicken and pork. The CEO of Target is warning Americans the tariff escalation will cause prices to rise “within days.”

Trade wars intensify as US tariffs on Canada, Mexico and China take force– www.channelnewsasia.com
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Excerpt:

WASHINGTON: Mounting trade wars between the United States and its largest economic partners deepened on Tuesday (Mar 4) as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.

Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without the nations striking a deal – a move set to snarl supply chains.

Trade war fears sent markets falling in Asia and Europe on Tuesday in response to what analysts said were its steepest tariffs on imports since the 1940s.

Trump had announced – and then paused – the blanket 25 per cent tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking.

In pushing ahead with the duties, Trump cited a lack of progress in tackling the flow of drugs like fentanyl into the United States.

The duties stand to impact over US$918 billion worth of US imports from both countries.

Trump Tariffs Will Raise Prices ‘Within Days,’ Target CEO Says – MSN

pgnewser March 4, 2025 0

Trump Tariffs Will Raise Prices ‘Within Days,’ Target CEO Says – MSN
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Excerpt:

President Donald Trump’s new tariffs went into effect on Tuesday, rattling businesses and consumers. Target CEO Brian Cornell said on Tuesday that shoppers will see higher prices on the shelves as soon as this week. 

The Details: Cornell told CNBC in an interview that prices for fresh fruits and vegetables will rise, including avocados, strawberries and bananas imported from Mexico due to the 25% tariff now in place.

Canada’s Trudeau slaps 25% tariff on US imports, calls Trump’s trade war ‘very dumb’– timesofindia.indiatimes.com

pgnewser March 4, 2025 2

Canada’s Trudeau slaps 25% tariff on US imports, calls Trump’s trade war ‘very dumb’– timesofindia.indiatimes.com
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Excerpt:

Canadian Prime Minister Justin Trudeau

Canadian Prime Minister Justin Trudeau declared on Tuesday that Canada will not back down in its escalating trade war with the United States, calling US President Donald Trump’s tariffs a “very dumb thing to do.” In response, Trudeau announced 25% retaliatory tariffs on $30 billion worth of US imports.
“The United States launched a trade war against Canada… Canadians are reasonable. We are polite. We will not back down from a fight,” Trudeau said, emphasizing that while he considers Trump a “smart guy,” his trade policies are reckless.
Trump’s endgame? Trudeau alleges annexation motive

Trump Orders Reciprocal Tariffs

pgnewser February 12, 2025 0

President Donald Trump has enacted reciprocal tariffs on all nations. He called it the “Fair and Reciprocal Plan” and claimed it “will seek to correct longstanding imbalances in international trade and ensure fairness across the board.”

President Donald J. Trump had previously implemented a 25% import tax, or tariff, on all steel and aluminum entering the United States. Trump said, “This is a big deal, the beginning of making America rich again. Our nation requires steel and aluminum to be made in America, not in foreign lands. Ultimately it will be cheaper. It’s time for our great industries to come back to America…this is the first of many.”

Fact Sheet: President Donald J. Trump Announces “Fair and Reciprocal Plan” on Trade – White House Press Release

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Excerpt:

THE “FAIR AND RECIPROCAL PLAN”: Today, President Donald J. Trump signed a Presidential Memorandum ordering the development of a comprehensive plan for restoring fairness in U.S. trade relationships and countering non-reciprocal trading arrangements.

  • The “Fair and Reciprocal Plan” will seek to correct longstanding imbalances in international trade and ensure fairness across the board.
  • Gone are the days of America being taken advantage of: this plan will put the American worker first, improve our competitiveness in every area of industry, reduce our trade deficit, and bolster our economic and national security.

AMERICA WILL NO LONGER TOLERATE UNFAIR TRADE PRACTICES: The United States is one of the most open economies in the world, yet our trading partners keep their markets closed to our exports. This lack of reciprocity is unfair and contributes to our large and persistent annual trade deficit.

  • There are endless examples where our trading partners do not give the United States reciprocal treatment.

    • The U.S. tariff on ethanol is a mere 2.5%. Yet Brazil charges the U.S. ethanol exports a tariff of 18%. As a result, in 2024, the U.S. imported over $200 million in ethanol from Brazil while the U.S. exported only $52 million in ethanol to Brazil.

    • The U.S. average applied Most Favored Nation (MFN) tariff on agricultural goods is 5%. But India’s average applied MFN tariff is 39%. India also charges a 100% tariff on U.S. motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.

    • The European Union can export all the shellfish it wants to America. But the EU bans shellfish exports from 48 of our states, despite committing in 2020 to expedite approvals for shellfish exports. As a result, in 2023, the U.S. imported $274 million in shellfish from the EU but exported only $38 million.

    • The EU also imposes a 10% tariff on imported cars. Yet the U.S. only imposes a 2.5% tariff.

    • A 2019 report found that across 132 countries and more than 600,000 product lines, United States exporters face higher tariffs more than two-thirds of the time.

 

Trump announces 25% tariffs on all steel and aluminium imports– www.bbc.com
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Excerpt:

President Donald Trump has ordered a 25% import tax on all steel and aluminium entering the US in a major expansion of existing trade barriers.

The tariffs, which will increase the costs of importing the metals into the US, come despite warnings of retaliation from some political leaders in Canada – America’s biggest supplier of the metals – as well as other countries.

US businesses dependent on the imports have also raised concerns, but Trump has said his plans will boost domestic production.

He warned there would be no exceptions, saying he was “simplifying” the rules, which are set to come into effect on 4 March.

“This is a big deal, the beginning of making America rich again,” Trump said.

“Our nation requires steel and aluminium to be made in America, not in foreign lands,” he added.