US-Canada Steel Standoff: Tariffs Heat Up
US imposes 50% tariffs on steel and aluminum; Canada retaliates with 25% duties and new quotas, including a surcharge on Chinese mainland imports, escalating trade tensions.
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US imposes 50% tariffs on steel and aluminum; Canada retaliates with 25% duties and new quotas, including a surcharge on Chinese mainland imports, escalating trade tensions.
The EU’s Anti-Coercion Instrument, a ‘nuclear option’, could unleash tariffs, quotas and public tender rules to counter President Trump’s threatened 30% tariffs.
European luxury makers like Lobmeyr say U.S. 30% tariffs may not dent sales, with premium quality and wealthy customers absorbing higher costs.
Japan’s PM Ishiba stays in power despite his LDP-Komeito coalition losing the upper house majority and looming US tariffs, as voters back anti-globalist Sanseito.
Charlotte Howard of The Economist warns that the US’s proposed 30% tariff on EU imports risks serious economic fallout if the EU retaliates, despite temporary inflation buffers.
EU firms and experts warn that unpredictable US tariffs are choking global investment and call for a ‘Business First’ strategy to boost growth and stability.
Maersk SVP Ding Zejuan highlights strong demand from Chinese customers as the shipping giant navigates US tariff impacts on global supply chains.
Australian filmmakers are deepening ties with China to offset proposed US tariffs on non-Hollywood productions and secure new markets.
The EU proposes €72 billion ($84 billion) in U.S. imports to target if Washington insists on 30% tariffs. A deal must be struck by August 1 to avoid escalation.
A proposed 50% U.S. tariff on imports from Brazil could push up prices for coffee, orange juice and more. See how this trade move might reshape global markets.