Trump threatens 50% tariffs on Canadian goods
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US President Donald Trump vowed Monday to double tariffs on Canadian vehicles beginning next year, as the historically friendly neighbors spiral into an escalating trade war.Trump charged Monday that "Canada has been ripping off the United States of America for years," adding that "we don't need Canada, they need us."
The U.S. is levying a 50% charge on Canadian imports including wine, hockey sticks, cement, and paper and textile products. Ottawa has pledged retaliation.
The United States is set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies.
A class action lawsuit wants Logitech to refund customers for tariffs. Ars Technica reports that the Switzerland-based tech company boosted prices as much as 25 percent across more than half of its portfolio last year to keep up with the Trump administration’s sweeping tariff implementation.
Hyundai’s already enormous Georgia Metaplant could be about to get considerably bigger. The automaker is considering raising annual production capacity to as many as 800,000 vehicles by 2028, a move that could turn the facility
An iconic scene in "Ferris Bueller's Day Off'' explained the Smoot-Hawley Act, which some have looked back to amid Trump's tariff campaign.
A new wave of tariffs will hit Canada early Saturday morning, with steep 50% duties in effect at the stroke of midnight.
Minutes before midnight on August 21st, two days after Donald Trump said that “a very good deal for both parties” was all but done, Canada’s prime minister abandoned the talks, allowing fresh American tariffs of 50% to come into force on a range of Canadian exports worth $20bn.