Trump, Philippines and Tariffs
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U.S. President Donald Trump has initiated a global trade war through widespread tariff impositions. These tariffs target various international products and countries, affecting steel, aluminum, and auto parts.
The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.
Berner agrees that higher copper tariffs will bring up prices for U.S. homebuilders. This would leave them with two options: pass on the additional costs to homebuyers or build less, a move that is likely to exacerbate the country's ongoing shortage.
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Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a U.S.-led trade war, in the event that Washington's 50% tariff on imports of the metal persist in the medium term,
India revises its WTO proposal for retaliatory duties against the US over increased tariffs on steel and aluminum, impacting billions in trade.
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NEWS10 ABC on MSNNine Pin talks tariff impacts on business operationsPresident Donald Trump’s administration continues to announce new tariffs. But local business owners said the tariff increases already announced have started to have tangible impacts on how
Many U.S. manufacturers believe the threat of reciprocal tariffs is the only way to level the playing field of global trade and compete in foreign markets.
Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald Trump's tariffs, government data shows.
President Trump released letters threatening more tariffs on other countries. He said the tariffs would begin Aug. 1, unless they reach a trade agreement.