US TARIFFS BEGIN TO TAKE EFFECT
- President Donald Trump increased tariffs on steel and aluminum imports to 25%, removing exemptions and drawing retaliation from Canada and the EU.
- Canada plans to impose retaliatory tariffs worth $20.7 billion on U.S. goods, including steel and aluminum products, due to these increased tariffs.
- Economic experts predict U.S. inflation will rise by approximately 0.41% due to increased import prices, impacting production costs across various industries.
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Analysis by Chris Isidore, CNN President Donald Trump said automakers can avoid his tariffs simply by moving production to US plants. But it's not that easy. Not by a long shot. A wide variety of tariffs have already hit, or are about to hit, the auto industry, potentially adding thousands of dollars to the cost of building and buying a new car. This week, 25% tariffs on steel and aluminum imports went into effect, and levies on cars from Asia a…
·Idaho Falls, United States
Read Full ArticleAt the end of 2024, international merchandise trade rose, but expectations for global trade remain negative and further aggravated by the possible escalation of commercial and geopolitical tensions...
·Milan, Italy
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Total News Sources23
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
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