As an export-driven economy, Germany will suffer substantial losses due to the shift in U.S. trade policy. On Monday, the German Bundesbank President Joachim Nagel warned that U.S. tariffs would have a particular impact on Germany, posing “significant risks” to the country’s economic growth. RELATED: ‘Everything’ on Table to Retaliate Against U.S. Tariffs: Canadian Trade […]

U.S. tariffs will ‘simply create costs for Americans,’ Mary Ng stated. On Monday, Canadian Trade Minister Mary Ng said that her government is ready to retaliate against U.S. tariffs. During an official visit to Australia, she stated that the U.S. government’s promised tariffs will “simply create costs for Americans.” RELATED: Mexico to Seek Consultations With […]

Besides Trump’s 25% tariff, Canadian and Mexican products will be subject to another tax that will come into effect in March. On Wednesday, the White House announced that tariffs on aluminum and steel imported from Mexico and Canada will effectively be 50 percent. RELATED: Mexico to Seek Consultations With U.S on Steel and Aluminum Tariffs […]

The European Commission called President Trump’s measures unlawful and economically harmful. On Monday, the European Commission rejected the rationale for new U.S. tariffs on European exports, vowing to protect businesses, workers, and consumers across the bloc. RELATED: EU Should Strengthen Ties With China as U.S. Tariffs Raise Tensions: Schumann The statement came after U.S. President […]

Europe cannot afford to be a passive observer of U.S. trade policies, he pointed out. Michael Schumann, chairman of the German Federal Association for Economic Development and Foreign Trade, urged Europe to adopt an independent approach to its economic interests and resist passively accepting the fallout of U.S. policy decisions. RELATED: Southwestern U.S. States Worry […]

Imposing tariffs on Mexico makes no sense whatsoever and sets a very bad precedent, a former Ecuadorian trade minister said. On Tuesday, Mexican President Claudia Sheinbaum downplayed the impact of the 27% tariffs that Ecuadorian President Daniel Noboa imposed on Mexican products. RELATED: Ecuador: Luisa Gonzalez Stands Out in the Presidential Debate During her press […]

These metals are essential for various industries, ranging from defense and electronics to clean energy. On Tuesday, China announced export controls on tungsten, tellurium, bismuth, indium, and molybdenum—metals that are essential for various industries, ranging from defense and electronics to clean energy. The measure is part of Beijing’s retaliation against the additional 10% tariffs imposed […]

Sheinbaum reinforces the northern border with 10,000 National Guard members to prevent drug trafficking to the United States. On Monday, Mexican President Claudia Sheinbaum held a phone call with U.S. President Donald Trump, who reached an agreement and decided to pause the 25% tariffs on Mexico for one month. RELATED: ALBA-TCP Expresses Solidarity With Mexico […]

On Saturday, the Trump administration imposed tariffs on imports from Canada, Mexico, and China. On Sunday, the Canadian federal government unveiled a full list of goods subject to tariffs on 30 billion Canadian dollars (about US$21 billion) worth of imports from the United States. RELATED: Canada Hits Back at U.S. With Its Own Tariffs The […]

Starting Feb. 4, goods imported from Mexico and Canada into the United States will be subject to a 25% tariff. On Saturday, Mexican Economy Minister Marcelo Ebrard warned that the imposition of tariffs on Mexican goods is a blatant violation of the United States-Mexico-Canada Agreement (USMCA), which Donald Trump himself signed during his first term […]