Despite slapping a 15% tariff on American energy, a major Chinese company just locked itself into a two-decade commitment to buy U.S. liquefied natural gas, a striking testament to the global demand for American energy resources.
American milk, steel, and everyday goods like T-shirts and carpets now face tariffs as high as 50% after Canada's retaliatory measures kicked in just after midnight on Tuesday, escalating tensions between the two longtime trading partners.
Trade tensions between the United States and Canada erupted into full-scale economic warfare this week after Ottawa announced sweeping retaliatory tariffs targeting roughly 700 American products, some reaching as high as 50%.
Generic drugs from other nations will face a 100% tariff beginning August 2028 unless production is moved to the United States, President Trump warned.
The Trump administration unveiled proposed tariffs of at least 10% on 60 countries Tuesday night, invoking a 1974 trade law to rebuild the president's tariff framework months after the Supreme Court struck down his earlier duties.