US businesses brace for Trump's tariffs on Canada, Mexico and China to drive up costs
Sunday, 2 February 2025 () From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China, America’s three biggest trading partners. The levies — 25% on Canadian and Mexican and 10% on Chinese goods — will take effect Tuesday. Canadian energy, including oil, natural gas and electricity, will be taxed at a lower 10% rate. Trump’s tariffs threaten to raise prices for consumers and is already provoking retaliation from Canada and Mexico.
President Donald Trump has sparked a major trade war by imposing 25% tariffs on all imports from Canada and Mexico, with Canadian energy products facing a 10% duty. In swift retaliation, Canada has announced 25% tariffs on $106.5 billion worth of U.S. goods, while Mexico has also vowed...
President Trump’s newly imposed tariffs on Mexico, Canada, and China have set off a wave of retaliatory actions and raised questions about the impact on ordinary Americans. From grocery prices to..
China has announced plans to file a lawsuit at the World Trade Organization (WTO) in response to U.S. President Donald Trump's new tariffs on Chinese goods. The tariffs, which are set to take effect on..
President Trump declared an economic emergency so that he could place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.
Credit: euronews (in English) Duration: 01:05Published
President Donald Trump has pushed into new trade law territory with an emergency sanctions law to justify punishing 25% tariffs on Canadian and Mexican imports... News24
Sunday, 2 February 2025 ()
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