US EditionTrump Just Ramped up His Tariff Threats: Here’s What Could Get More Expensive
CANADA, JUL 11 – Trump threatens tariffs up to 35 percent on Canada and up to 20 percent on others as global stock markets fall and oil prices rise, officials said.
- On Thursday, President Donald Trump intensified his trade combat by threatening to impose increased tariffs on several countries, with these measures expected to begin in three weeks.
- This escalation follows an initial tariff announcement on April 2 and a subsequent three-month pause during which most imported goods faced a minimum 10% tariff.
- Trump warned Canada faces a 35% tariff and other countries up to 20%, with plans for 50% tariffs on copper and 200% levies on pharmaceuticals, while letters outlined tariffs up to 50%.
- The tariff threats have stoked market volatility, with European stock indices down about 1%, the FTSE 100 retreating, and analyst Patrick O'Hare noting markets view this as negotiating leverage.
- These measures could raise costs on goods like appliances and coffee, especially imports from Brazil and Asia, implying economic impacts as the tariff timeline accelerates.
53 Articles
53 Articles
Stock markets in US, Europe fall as Trump ramps up tariff threats
NEW YORK, United States — Stock markets in the United States and Europe retreated Friday as US President Donald Trump ramped up his trade offensive. Trump threatened a 35-percent levy on Canada. Trump dampened earlier optimism by firing off more than 20 letters to governments. These outlined new tariffs if agreements are not reached by Aug.
Many economists already believe that it is a matter of time before Americans begin to suffer a price impact from the tariffs implemented by U.S. President Donald Trump. That time could be speeded up even more if Trump...
By Elisabeth Buchwald, CNN Many economists already believe it's only a matter of time before Americans begin to feel the price impact of the tariffs implemented by US President Donald Trump. That time could accelerate even further if Trump follows through with his latest package of tariff threats, scheduled to take effect in three weeks. For the past three months, most imported goods have been subject to a minimum tariff of 10% after Trump pause…
Coast Reporter
Rob Shaw: Eby pounces on new Trump threats to deflect from troubles at home
B.C. Premier David Eby blasts Trump’s 35% tariff plan as “factually incorrect” but the real benefit may be political for the BC NDP, according ro Rob Shaw
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