Steel, Tariffs
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Imported steel and aluminum already subject to a 25% tariff will be excluded from the new tariffs President Trump announced Wednesday.
From The Wall Street Journal
“I have authorized a 90 day PAUSE,” Trump said, after recognizing the more than 75 countries that he said have been negotiating on trade and had not retaliated against his latest increases in tariffs.
From Yahoo
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Com...
From Reuters
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Trump, Tariff
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There’s also been a sense of whiplash from Trump’s back-and-forth tariff threats and responding retaliation seen over the last few months.
From OregonLive.com
President Donald Trump pulled back Wednesday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.
From NBC News
Trump kept tariffs in place that increase your taxes.
From Washington Monthly
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The president said he'd lower tariffs on countries other than China but it did not apply to industrial sector tariffs like autos.
“The Erie Regional Chamber is frustrated by the financial pressure building due to economic uncertainty at the federal level, which IRG cited as the reason to cancel plans for its Erie plastics recycling plant project," Brandon Mendoza, CEO of the Erie Regional Chamber and Growth Partnership, said in a statement.
Canada’s government has made its intentions known regarding its 25% reciprocal tariff on US auto imports implemented April 9.
Since April 9, tariffs have been enacted on $4 trillion in goods imported annually to the United States. China was first to respond with new tariffs, imposing an 84 percent duty on all U.S. goods and refusing refusing to back down in the face of President Donald Trump’s tariffs onslaught.
The European Union approved tariffs to hit around €21 billion ($23.2 billion) of US goods in retaliation for the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports.
In the hours before fresh tariffs on China went into effect, with imports from the country now carrying a cumulative duty of 104%, the president also touched on what he sees as the country’s attitude to the escalating trade war between Washington and Beijing.