Prime Minister Mark Carney suggested he’s unlikely to add additional retaliatory tariffs on U.S. goods, but he is trying to help affected companies develop new products and find new buyers.
Tag: Steel and Iron
What Do Trump’s Tariff Hikes Mean for Canada’s Trade-Dependent Economy?
After Canada failed to strike a trade deal with Washington, the president raised tariffs on some Canadian exports this week.
Carney Moves to Reduce Canada’s Chinese Steel Imports in Response to Trump’s Tariffs
Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.
How Higher Tariffs on Steel and Aluminum Will Affect Companies
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
Trump’s 50% Tariffs on Steel and Aluminum Imports Go Into Effect
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.
Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
A Crisis at a British Steel Mill Has Cast a Shadow Over U.K.-China Relations
Britain was edging closer to China, but a dispute at a Chinese-owned steel company in the U.K. may prompt a rethink.
Bangkok Building Collapse Leads to Scrutiny of Chinese Company
Workers said poor-quality materials were used during construction by a Chinese developer as it sought to cut costs. Investigators also said they found substandard steel bars in the rubble.
Europe Expected a Transactional Trump. It Got Something Else.
Europe had been banking on a United States that wanted to make a deal on tariffs and trade. With little progress in that direction, it’s reluctantly starting to hit back.
Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump imposed a 25 percent tariff on metal imports, sparking new global trade spats as he attempts to shield the U.S. economy from foreign competition.