Tag: tariff
Steeling China for a Tariff Fight, Xi Faces His Biggest Test Since Covid
Trump Administration News Analysis Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it. By David Pierson Reporting from Hong Kong For the two men at the forefront of a trade war that has begun to rupture ties…
China is not backing down from Trump’s tariff war. What next?
The trade war between the world’s two biggest economies shows no signs of slowing down – Beijing has vowed to “fight to the end” hours after US President Donald Trump threatened to nearly double the tariffs on China. That could leave most Chinese imports facing a staggering 104% tax – a sharp escalation between the…
Canada Trump tariff exemption ‘like dodging a bullet into the path of a tank’, says business leader
Automotive industry and prime minister Mark Carney note that 25% tariffs on Canadian steel, aluminum and automobiles will still come into effect within hours Canada’s exemption from Donald Trump’s global tariffs was “like dodging a bullet into the path of a tank”, say business leaders as other levies are poised to hit key industries that…
Hold the Chianti: Tariff Threat Leaves Italian Bottles Grounded
Tariffs For now, President Trump’s 200 percent tariff on wine remains just a threat. But jittery American wine importers have already hit pause on orders from Tuscany. By Emma Bubola Reporting from Montalcino and Montepulciano, Italy All it took was an all-caps social media threat by President Trump to impose a 200 percent tariff on…
Flight bookings between Canada and US down 70% amid Trump tariff war
Airline capacity between two countries reduced through October 2025 as high-profile incidents of Ice arrests on rise Airline travel between Canada and the US is “collapsing” amid Donald Trump’s tariff war, with flight bookings between the two countries down by over 70%, newly released data suggests. According to data from the aviation analytics company OAG,…
Trump threatens a 200% tariff on European alcohol
Jaclyn Diaz In an escalation of the ongoing trade war with Europe, President Trump is now threatening a 200% tariff on European alcohol in response to the European Union’s retaliation against U.S. steel and aluminum tariffs. The 25% tariff on aluminum and steel went into effect on Wednesday — a move that the EU calls…
With Trump’s Tariff Reprieve, Mexico and Canada, Still Wary, Breathe Easier
Tariffs President Trump suspended tariffs for both countries after Mexico’s leader presented her security successes, and after U.S. markets fell and business leaders urged the White House to change course. By Natalie Kitroeff and Annie Correal Reporting from Mexico City When President Trump got on a phone call with President Claudia Sheinbaum of Mexico on…
China promises ‘countermeasures’ after Trump threatens additional 10% tariff
US president also says delayed tariffs on imports from Canada and Mexico will go into effect on 4 March Donald Trump has threatened China with an additional 10% tariff on its exports to the US, prompting a promise of “countermeasures” from Beijing and setting the stage for another significant escalation in the two governments’ trade…
Trump says he will impose a 25% tariff on aluminum and steel imports
Scott Horsley President Trump says he plans to announce a 25% tax on all imported steel and aluminum, extending a trade battle he launched during his first term in the White House. The move has the potential to give a helping hand to domestic steel and aluminum makers, while also raising costs for businesses and…
How Trump’s Tariff Threats Tore the U.S.-Canada Bond
Trump Administration Patriotic sentiment is bursting in Canada after President Trump’s threat to apply hefty tariffs and even annex the country. The damage to the two nations’ relationship could be lasting. By Matina Stevis-Gridneff and Ian Austen Matina Stevis-Gridneff reported from Toronto, and Ian Austen from Windsor, Ontario. Booing during “The Star-Spangled Banner” at sports…
How Canada and Mexico’s Leaders Took Different Routes to a Tariff Deal With Trump
Trump Tariffs News analysis The Canadian and Mexican leaders negotiated with President Trump in diverging ways. In the end, they both secured an outcome they could present as a victory back home. By Matina Stevis-Gridneff and James Wagner Matina Stevis-Gridneff reported from Toronto, and James Wagner from Mexico City Prime Minister Justin Trudeau of Canada…
China Strikes Back After Trump Imposes 10% Tariff on Goods
Trump Tariffs After a 10 percent tariff on Chinese products took effect on Tuesday, China announced retaliatory measures, including tariffs and an investigation of Google. By Ana Swanson and Chris Buckley Ana Swanson reported from Washington and Chris Buckley from Bangkok. Follow live updates on President Trump’s tariffs and the global fallout. Beijing responded swiftly…
Canadian fans boo U.S. national anthem at NBA matchup as tariff dispute heats up
Juliana Kim Tensions have been brewing between the United States and Canada ever since President Trump ignited a trade war with U.S. neighbors — and now, they’re spilling over into the world of sports. On Sunday, the NBA’s Toronto Raptors hosted the Los Angeles Clippers. But before the game began, fans at the Scotiabank Arena…
Ontario premier Doug Ford to call snap election to fight Trump tariff threat
Progressive Conservative leader of Canada’s most populous province seeks ‘strong mandate’ to counter 25% tariff plan The Ontario premier, Doug Ford, has said an early election is needed in the Canadian province in order to fend off an income “attack” from Donald Trump as a trade war looms between the close allies. But opposition parties…
Why Trump’s tariff promises will be hard to keep
Danielle Kurtzleben Donald Trump made a new, big promise last week about tariffs — the latest in a string of outsized pledges to use tariffs to benefit the United States. On his social media platform, he declared that he wants to create what he’s calling the “External Revenue Service” to collect tariffs and other revenues…
Canada Prepares for Trump Tariff Threat With Three-Stage Plan
Global Economy Global Economy Global Economy Canadian officials are preparing retaliatory measures if the new U.S. administration imposes tariffs on Canadian imports. By Matina Stevis-Gridneff Reporting from Ottawa Orange juice from Florida. Whiskey from Tennessee. Peanut butter from Kentucky. Canada is preparing for an all-out trade war with its closest ally and one of its…
Canada’s provincial leaders in disarray over response to Trump tariff threats
Responses range from conciliation to retaliation, including cutting off electricity and halting the purchase of US liquor Canada’s provincial premiers are sharply divided on how to prepare for US trade tariffs, less than a week before Donald Trump takes office with a threat to dramatically reshape the relationship between the two countries. Canadian officials have…