The new measures aim to preserve approximately 400,000 jobs. On Thursday, Mexican President Claudia Sheinbaum signed a decree to increase tariffs by 35% on manufactured clothing and 15% on textile imports. However, the new regulation will not apply to countries with which Mexico has free trade agreements. RELATED: Trump Warns Mexico and Canada About the […]

The Canadian government is also considering an export tax on high-demand exports such as oil, uranium, and potash. On Thursday, Ontario Premier Doug Ford reiterated that his province could cut off electricity to the United States if President-elect Donald Trump imposes steep tariffs on Canadian goods. RELATED: Mexican President Sheinbaum Responds to Trump’s ‘Annexation’ Suggestion […]

Its agricultural exports could decline by as much as 25 percent, resulting in annual losses of up to US$6 billion. Economists have warned that U.S. President-elect Donald Trump’s proposed tariffs could trigger retaliatory measures, leading to significant losses for California’s agriculture industry. RELATED: Trump to Pardon MAGA Rioters Once in Office A recent analysis, published […]

‘Tariffs are taxes, and prices go up as soon as they are imposed,’ Professor Amir Neto warned. U.S. President-elect Donald Trump’s threats of 25 percent tariffs on Mexico and Canada undermine North America’s free trade foundations established in 1994. RELATED: U.S. Special Counsel Smith Drops Election Subversion Case Against Trump On Wednesday, Prime Minister Justin […]

On Thursday, The New York Times published an opinion piece stating that the United States’ new protectionist stance in the international trade will only raise prices, limit consumer choices and risk growth. RELATED:  Chinese Military Drills Around Taiwan Are Legitimate: Wang The U.S. tariffs on Chinese electric vehicles and other products are mainly aimed at […]

German Chancellor Olaf Scholz and Swedish Prime Minister Ulf Kristersson have cautioned against tariffs on Chinese electric vehicles (EVs) following Washington’s announcement of hefty levies. RELATED:  High Tariffs on Chinese Electric Vehicles Hurt US Consumers Scholz and Kristersson expressed reservations about possible European tariffs on Chinese EVs when asked at a press conference whether they […]

Some Western media believe that the White House’s decision on Tuesday to increase the tariffs on Chinese electric vehicles (EVs) imports from some 25 percent to 100 percent will hurt U.S. climate goals, industrial competitiveness, and consumer interests. RELATED:  The US Aims Its Trade War Towards Chinese Electric Vehicles “U.S. consumers mostly haven’t realized how […]