Economist Steve Moore cautioned foreign nations on Tuesday that retaliating against President Donald Trump’s tariffs would harm their own economies. Moore’s warning comes as Trump announced an increase in tariffs on Canadian steel and aluminum in response to Ontario’s 25% tariff on electricity exports to the U.S.
President Trump said he would double the tariffs on steel and aluminum in Canada in response to Ontario's move to impose a 25% surcharge on electricity exports.
Canadian Prime Minister Justin Trudeau announced that Canada will implement 25% tariffs on 155 billion Canadian dollars (approximately $107 billion USD) worth of U.S. goods.
On Tuesday, President Donald Trump announced plans to impose a 25% tariff on imported automobiles, effective April 2. This move aims to address perceived...
Hong Kong has announced plans to file a complaint with the World Trade Organization (WTO) over new U.S. tariffs, arguing that the measures violate global trade rules and disregard Hong Kong’s status as a separate customs territory. Chief Secretary Eric Chan stated, "This is absolutely inconsistent with WTO rules. Of course, they have totally disregarded Hong Kong as a separate customs territory." The move escalates trade tensions between the U.S. and Hong Kong, which have worsened since China's imposition of a national security law on the city in 2020.
President Donald Trump announced Monday that he will pause planned tariffs on Canada and Mexico for 30 days after both countries agreed to increase border security efforts. The move comes after negotiations with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum to address drug trafficking and organized crime.
