Trump doubles steel tariffs
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Xi, China and Trump
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Added levy on metal imports could drive up U.S. prices for construction projects, automobiles, appliances and more
Ontario Premier Doug Ford joins 'Money Movers' to discuss the U.S. new tariffs on steel and aluminum and the impact on Canada and Americans.
President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo.
The findings come as tensions with China and other key trading partners ratcheted up again after President Trump threatened to double steel and aluminum tariffs. Also on Tuesday, the OECD warned ...
The increase in U.S. metals tariffs applies to all trading partners except Britain, the only country so far to strike a preliminary trade agreement with America during a 90-day pause on a wider array of Trump tariffs.
President Trump is complicating negotiations with China and the European Union as he made two moves Wednesday to call out Chinese President Xi Jinping on social media and boost tariffs on steel and aluminum.
On Wednesday, a US auto parts group, MEMA, the Vehicle Suppliers Association, has urged immediate action over China's tighter controls on rare earth exports, warning the move could soon disrupt car production.
Anticipating increased prices on refrigerators, vacuums and more, experts say to act quickly and look for deals to mitigate the impact of tariff-driven hikes.