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Evan Vucci/AP US tariffs on all steel and aluminum imports proposed by the Trump administration have begun disputes with some of America’s oldest allies. Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. Canada supplied more than a quarter of all US steel, aluminum and iron imports in […]
“HOW am I going to compete?” asks Sohel Sareshwala. He runs Accu-Swiss, a Californian company making customised components for the manufacture of semiconductors and cars. President Donald Trump’s tariffs on steel and aluminium, both of which he uses as inputs, are eating into his profit margins and delaying his orders. Meanwhile, Mr Sareshwala’s competitors abroad, […]
US President Donald Trump has hinted at further tariffs on imports from fellow G7 countries if the “unfair trade deals are not straightened out.” “Looking forward to straightening out unfair Trade Deals with the G-7 countries. If it doesn’t happen, we come out even better!” Trump tweeted on Friday. In a post before that, Trump […]
Riding for a fall “LOOK at all these bikers…we love the bikers!” declared the pre-presidential Donald Trump, surveying a crowd of motorcycle-owners gathered by the Lincoln Memorial in Washington, DC, in 2016. Riders of Harley-Davidsons, in particular, have been among Mr Trump’s noisiest supporters since the early days of his campaign. Riders of “hogs” often […]
The automobile industry has been a focus as the Trump administration rolls out tariffs on Mexico and Canada. Canada and Mexico are the top two US exporters of vehicles to the United States. The entire North American automobile industry would suffer if Canada and Mexico are forced to pay US tariffs. President Donald Trump’s administration […]
US steel and aluminum tariffs are in reality economic sanctions, Russian President Vladimir Putin said at his annual Q&A session. “Apparently, our partners thought they would never be affected by such a counterproductive policy related to restrictions and sanctions. However, we see now that it is happening.” The introduction of protective steel and aluminum tariffs, […]
Kevin Frayer/Getty Images These charts show exactly which countries make a lot of steel, and which do not. China produced 10 times more steel than the US in 2017. Steel tariffs are now in place, and the world is grumbling and threatening retaliation against the US. Its closest partners, such as Canada, are trying to […]
Glad rags to sad rags IN A market in Kigali, Rwanda’s capital, a cacophonous auction is under way. Sellers hold crumpled T-shirts and faded jeans aloft; traders shout and jostle for the best picks. Everything is second-hand. A Tommy Hilfiger shirt goes for 5,000 Rwandan francs ($ 5.82); a plain one for a tenth of […]
America is telling Europe and Asia: “You have to go your own way, you can’t depend upon us” because the US is going to do everything to hurt you in order to help itself, according to economic commentator Michael Hudson. After months of postponing its implementation while simultaneously threatening a trade war, President Donald Trump […]
Nick Ut/AP Images Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary exemption from U.S. steel and aluminum tariffs is due to expire. Malmstrom will also take part in a meeting with U.S. and Japanese counterparts on Thursday to continue trilateral […]
