Trump’s Tariffs and the Backlash From Canada and Other Countries, Explained
After a fresh wave of tariffs from the United States, Canada and the European Union said they would impose billions in levies on U.S. goods.
What are tariffs, who pays for them? What to know about Trump's plan, Canada's response
The action immediately shook global markets, plummeted stocks and will likely raise prices on everyday products – from gas to produce – for consumers. Canada, Mexico and China quickly retaliated, with Canadian Prime Minister Justin Trudeau saying Ottawa is setting 25% tariffs on $20.7 billion worth of U.S. imports, from orange juice to cosmetics.
What Trump actually wants from tariffs
President Donald Trump says he believes tariffs are a panacea: a catch-all economic tool that can restore America’s manufacturing prowess, bring foreign nations to heel on key disputes, restore the balance of trade and bring in gobs of money that can help pay off the US deficit and reduce Americans’ tax burdens.
Canada strikes back against Trump’s latest tariffs
OTTAWA — Canada will hit back at U.S. President Donald Trump’s 25 percent global steel and aluminum duties with tariffs that target C$29.8 billion worth of American goods. “We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted,
Trump tariffs take effect amid warning they could go higher: Live updates
Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25%.
Trump tariffs stir up global retaliation
The Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US imports. This comes after the EU announced its own tariffs on US goods. President Trump says "whatever they charge us with,
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The current debates over tariffs are the latest example of the Trump era sending conservatives back to the drawing board.