Category: International Trade

The negative impact on economies will be significant for the US, as other countries impose retaliatory measures on American products, according to Chinese media reports. Beijing is reportedly considering further actions against the United States. Since his return to the White House, President Donald Trump has sparked a trade war with China, Canada, Mexico, and…

The plan will restore trade justice, even as major partners announced retaliatory tariffs on the new U.S. steel and aluminum tariffs, said U.S. President Donald Trump today (March 12, 2025), speaking to reporters at the White House during a meeting with Irish Prime Minister Micheál Martin. The Republican initially accused Ireland of using its tax…

The list of American products targeted by the EU as retaliation for the 25% tariffs imposed by U.S. President Donald Trump on steel and aluminum was announced on Wednesday (12.03.25). It includes meat, poultry, fruits, vegetables, alcoholic beverages, chips, tobacco products, nicotine patches, and women’s lingerie. As Politico reports, the inclusion of clothing, appliances, tools,…

In a defensive move against the new American tariffs on steel and aluminum, the EU Commission announced this morning (12.3.25) that starting in April, additional EU tariffs will be imposed on imports of American products such as whiskey, motorcycles, and boats. President Donald Trump’s 25% tariffs on all steel and aluminum imports went into effect…

Following threats of tariffs that sent markets into a sharp decline on Tuesday (March 11, 2025), Canadian Trade Minister Howard Lutnick and Ontario Premier Doug Ford announced they would meet Thursday to renegotiate the USMCA trade agreement. Ontario agreed to suspend its planned 25% increase in electricity exports to Michigan, Minnesota, and New York. Earlier…

In retaliation against Trump’s tariffs, Canada has imposed a 25% tax on $30 billion worth of U.S. imports, as announced by Prime Minister Justin Trudeau on March 4, 2025. This immediate measure follows President Donald Trump’s announcement the previous day (March 3, 2025) imposing a 25% tariff on imports from Mexico and Canada. Trudeau described…

Canadian Foreign Minister Mélanie Joly described the tariffs announced by Donald Trump as an ‘existential threat’ to Canada. It is recalled that U.S. President Donald Trump announced on Clean Monday (03.03.2025) that 25% tariffs on Canada and Mexico would come into effect on Tuesday (04.03.2025), with reciprocal tariffs starting from April 2. As Trump stated,…

President Trump is set to impose tariffs on Mexico and Canada this Tuesday, March 4, 2025, but the levels are still under consideration, according to Commerce Secretary Wilbur Ross. Both Mexico and Canada have taken significant steps to address Trump’s concerns about border crossings, but not enough regarding the ‘fentanyl deaths in America,’ Ross stated…

Tensions continue to rise between the US and China following Donald Trump’s decision to impose tariffs on imports. Chinese Trade Envoy He Lifeng expressed ‘serious concerns’ over Trump’s new tariffs on Chinese imports during a phone call with US Treasury Secretary Scott Bessent. According to CCTV, Lifeng criticized the recent restrictive measures, particularly the increased…