Trump, Steel and tariffs
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April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
The Canadian Press on MSN26m
As Trump’s trade deal deadline approaches, his tariffs face legal pushback in courtDonald Trump’s plan to realign global trade faces its latest legal barrier this week in a federal appeals court — and Canada is bracing for the U.S. president to follow
Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.
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Soy Aire on MSNThe Ripple Effect of Trump's Tariffs: Rising Consumer Prices and Economic ImplicationsThe Trump administration's tariff strategy aims to secure better trade deals, but experts warn of inevitable consumer price hikes. As tariffs on steel, aluminum, and other imports increase, the cost of essential goods is set to rise,
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
Tariff expenses are starting to pile up for auto manufacturers and suppliers. General Motors Co., for example, said tariffs cost it $1.1 billion in the second quarter, while Stellantis expects a full-year tariff impact of $1.2 billion-$1.8 billion.
British Prime Minister Keir Starmer is expected to press U.S. President Donald Trump to finalize a trade agreement that would cut tariffs on UK steel and Scotch whisky imports, the Financial Times. Starmer will meet Trump on Monday during the president’s visit to Scotland,
President Donald Trump and EU chief Ursula von der Leyen meet Sunday in Scotland in a decisive push to resolve a months-long transatlantic trade standoff -- with the US leader