US EditionTrump's steel, aluminum tariffs take effect as US-Canada trade war intensifies
- President Trump plans to impose a 25% tariff on all imported steel and aluminum, starting Wednesday.
- These tariffs might help U.S. Manufacturers but could increase prices for other companies using these metals.
- European Commission President Ursula von der Leyen announced retaliatory measures worth about $28 billion.
- The U.S. International Trade Commission found that production at downstream companies fell by nearly $3.5 billion due to the tariffs in 2021.
486 Articles
486 Articles
Trump's tariffs are taxes that burden poor, middle-class people most
If it walks like a tax, and swims like a tax, and quacks like a tax, I call that a tax.The largest of the Trump administration's job-killing tariffs/taxes will cost the typical American household more than $2,600 a year — more than 17% of the annual income of a full-time worker earning the federal minimum wage.A big part of President Donald Trump's massive tax imposition on American consumers went into effect this week — who knows for how long, …
Trump trade war heats up as Canada, EU retaliate
What happened President Donald Trump Wednesday imposed blanket 25% tariffs on steel and aluminum imports, prompting immediate retaliatory measures from Canada and the European Union. Trump said Wednesday afternoon that he would "of course" respond to the EU countermeasures with more tariffs. "Whatever they charge us with, we're charging them," he said. Who said what EU officials said Wednesday they were hitting back with equivalent tariffs only …
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