Trump Puts 90-Day Pause on Higher Tariffs
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U.S. News & World Report |
President Donald Trump on Wednesday paused for 90 days many tariffs but is not halting 25% tariffs on automotive imports and looming tariffs on auto parts, drawing criticism from Michigan business an...
ABC |
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while esca...
The Economist |
Nonetheless, the pause in tariffs is far from a full ceasefire.
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Canada said its 25% tariff would be on U.S.-made vehicles that are not compliant with the North American trade deal. Officials estimate that about 8% of the 750,000 vehicles shipped to Canada are not compliant with the trade treaty.
The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed.
The company is pausing shipments through April while it figures out how to deal with Trump’s 25 percent import tariff.
The Trump Administration said it would impose a 25% tariff on imported beer cans and empty aluminum cans, a move that could affect U.S. production of soft drinks, beer, canned wine and cocktails. A Commerce Department notice said the products would be added,
Prime Minister Mark Carney of Canada has announced reciprocal tariffs on U.S.-made vehicles as President Donald Trump's sweeping tariffs went into effect, sending shockwaves through the global financial system.
9don MSN
President Donald Trump announced last week that he will impose a 25% tariff on imported passenger vehicles, light trucks and some auto parts. After signing the order last week, Trump said the auto tariff would go into effect on Wednesday, April 2 and begin to be collected on Thursday, April 3.
It's only been a few days since President Trump's 25% tariffs on foreign cars took effect. But the import surcharge has led to some immediate changes, including layoffs and pauses in car shipments.
Trump hit EU imports with a 20 percent tariff on April 2, claiming the EU already had tariff measures against the U.S. that equated to 39 percent. This came after he imposed 25 percent tariffs on auto imports, as well as aluminum and steel.