Tag: Trade war
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Timeline: Executive Orders Signed by Trump in His First Month in White House
As of Feb. 19, he has signed over 60 executive orders, spanning issues such as tariffs, immigration and government efficiency. The start of U.S. President Donald Trump’s second term has been marked by a flurry of executive orders, underscoring his ambitious agenda to overhaul the federal government and redefine key policies. RELATED: President Sheinbaum Does […]
February 20, 2025
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U.S. Tariffs Pose Significant Risks to the German Economy
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 […]
February 18, 2025
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‘Everything’ on Table to Retaliate Against U.S. Tariffs: Canadian Trade Minister
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 […]
February 17, 2025
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Aluminum & Steel From Mexico and Canada To Enter the U.S. With a 50% Tariff
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 […]
February 12, 2025
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Europe Vows to Defend Interests Amid New U.S. Tariff Threats
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 […]
February 11, 2025
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EU Should Strengthen Ties With China as U.S. Tariffs Raise Tensions: Schumann
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 […]
February 10, 2025
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China Responds to U.S. Trade War With Rare Earth Controls
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 […]
February 4, 2025
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Canada Unveils First List of Retaliatory Tariffs Against U.S.
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 […]
February 3, 2025
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There is No Winner in a Tariff War, China Warns
The Trump administration’s unilateral tariff hikes severely violate WTO rules. On Sunday, a Chinese foreign ministry spokesperson said that China firmly deplores and opposes the U.S. decision to impose a 10 percent additional tariff on imports from China and will take necessary countermeasures to defend its legitimate rights and interests. RELATED: Canada Hits Back at […]
February 2, 2025
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Trump’s Threats Force Canadians to Hold Early Elections in Ontario
‘With a strong mandate, we’ll be able to stand up to Donald Trump to ensure we stop the tariffs, Premier Ford said. On Friday, Ontario Premier Doug Ford announced early elections in his province, which is Canada’s most populous and industrialized territory. The elections will be held on February 27, more than a year ahead […]