UPDATE: Trump changes course, delays some tariffs on Mexico, Canada
Also Thursday, Canadian Prime Minister Justin Trudeau indicated that he expects his country will be in a trade war with the United States for the foreseeable future.
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Toys expected to cost more by fall due to new tariffs on Chinese imports
Nearly 80% of the toys sold in the U.S. are sourced from China, according to The Toy Association, a national industry group.
‘Bear with me,’ Trump says as both farmers and consumers brace for tariff effects
Farmers and meat producers across the U.S. expect the new tariffs on Mexico, Canada and China and the retaliatory action from those countries to hurt their bottom lines if they stay in place a while.
Honda: No announcement made regarding Indiana plant, despite reports and Trump nod
The president may have been referencing earlier reports that the Japanese automaker was planning to move some production from Mexico to Indiana in response to impending tariffs.
UPDATE: Trump grants one-month exemption for U.S. automakers from new tariffs on imports from Mexico, Canada
The administration is grappling with the fallout of tariffs beloved by President Donald Trump that could create serious blowback for his political mandate to lower prices.
China slaps extra tariffs of up to 15% on imports of major U.S. farm exports
The tariffs will apply to imports of key U.S. farm products, including chicken, pork, soy and beef.
Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with ‘no room’ for delay
President Trump indicated that he wants to even the trade imbalance with both countries and push more factories to relocate in the United States.
Trump plans tariffs on Mexico, Canada for Tuesday, while doubling tariffs on China
Trump indicated Wednesday that European countries would also face a 25% tariff as part of his reciprocal tariffs. He also wants separate tariffs on autos, computer chips and pharmaceutical drugs that would be levied in addition to the reciprocal tariffs.
U.S. Senate confirms financier Howard Lutnick as commerce secretary
At his confirmation hearing last month, Lutnick dismissed as “nonsense” the idea that tariffs contribute to inflation.
UPDATE: Trump signs plan for reciprocal tariffs on U.S. trading partners
President Donald Trump’s plan increases U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike.
Trump readies matching tariffs on trade partners, possibly setting up major economic showdown
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.
Chinese tariffs to take effect, ratcheting up trade war with U.S.
While the leaders of Canada and Mexico managed to strike political deals to delay the implementation of the tariffs Trump had slapped on their products, China has not struck such a deal.
Trump says he will announce 25% steel and aluminum tariffs
President Trump also reaffirmed that he would announce “reciprocal tariffs”—meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.
Survey: Tell us how your company will be affected by tariffs
IBJ wants to hear your thoughts about tariffs, how President Donald Trump’s proposals are impacting your organization and your story ideas related to trade.
China counters with tariffs on U.S. products, will also investigate Google
China announced retaliatory tariffs on select American imports just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.
Trump agrees to pause tariffs on Canada, too
The decision came just hours after a similar agreement with Mexico.
Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes
President Trump on Sunday night returned from Florida and threatened to impose steeper tariffs elsewhere, telling reporters that the import taxes will “definitely happen” with the European Union and possibly with the United Kingdom as well.
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
The United States now does far more business–exports and imports alike–with both Canada and Mexico than it does with China.
Bill to create Indiana-Ireland trade commission advanced by House committee
Through House Bill 1489, the state would establish a trade commission with Ireland to strengthen its business relationship with the country and exchange ideas on policy, economic development and infrastructure.
Manufacturers weigh potential impact of Trump tariffs promise
Incoming President Donald Trump’s pledge to impose tariffs on goods from Canada and Mexico has caught the attention of Indiana companies, which stand to experience a significant impact if new or expanded tariffs are imposed.