The 25 percent tariff Canada began collecting on cars and trucks imported from the United States early Wednesday is not just the country’s latest act of retaliation against tariffs imposed by President Trump on Canadian exports. The estimated 8 billion Canadian dollars a year, about $5.7 billion, that those levies are expected to generate will…
The European Union voted on Wednesday afternoon to approve its first retaliation measures in response to President Trump’s tariffs, moving closer to placing increased duties on a range of manufactured goods and farm products including soybeans and corn. The new tariffs would take effect in phases starting on April 15, and would affect more than…
A trade war with China during President Trump’s first term hit American farmers hard. This time, it could be worse. On Tuesday, China’s Ministry of Finance said it would add tariffs of as much as 15 percent on a wide range of agricultural imports from the United States, including chicken, wheat, corn and cotton. Beijing’s…
The Canadian government is preparing billions of dollars in retaliatory measures on U.S. exports to Canada if President-elect Donald J. Trump makes good on a threat to impose tariffs on Canadian goods, setting up a potential showdown between two countries that are each other’s largest trading partners. Canada is assembling a list of measures, including…
Canada is already examining possible retaliatory tariffs on certain items from the US should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official said Wednesday. Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don’t stop what he called the…