Filters Applied:
Canada is slapping new retaliatory tariffs on $20 billion of U.S. goods, while Americans are already paying more for groceries and gas. Mitch Landrieu, former senior advisor to President Biden, joins The Weeknight as voters continue to rank rising costs as a key issue.
President Trump said the U.S. would ban Canadian alcohol, some dairy products and large motorcycles, sharply escalating a trade war largely fought with tariffs . Why it matters: The measures deepen the economic rift between countries that have spent decades interlinking commerce, threatening disruption for businesses and consumers on both sides of the border. Zoom in: The import bans take effect Sept. 29, effectively cutting off U.S. market access for the targeted Canadian goods rather than simply making them more expensive. - Trump imposed the bans under Section 338 of the Tariff Act of 1930, which allows the president to bar imports from countries that maintain or increase discrimination against U.S. commerce. - The White House said…
MS NOW’s Stephanie Ruhle tells Morning Joe that, in the short term, retaliatory tariffs from Canada will not have a huge impact on the U.S. But in the long run, Ruhle explains an ongoing trade war with Canada “could be a disaster.” Canadian tariffs on roughly $20 billion in U.S. imports took effect early Tuesday in retaliation for U.S. tariffs on Canada put into place last month.
Canada's retaliatory tariffs have officially gone into effect, impacting roughly $20 billion worth of U.S. goods. The tariffs apply to a range of products, including steel and aluminum, clothing, cheese and electronics, and range from 15% to 50%. They went into effect last night at midnight, following the collapse of talks between the U.S. and Canada last month. White House columnist for The Hill Niall Stanage joins Way Too Early to break it all down.
On September 8, Canada is set to enact tariffs ranging from 15% to 50% on over 700 American goods in an effort to match US tariffs dollar for dollar, Canadian officials announced on Tuesday. Notably, Canada is doubling its duties on US steel and aluminum to 50%, in line with the 50% tariffs the US had already imposed on Canadian steel and aluminum before the latest round of US tariffs. Canadian officials framed the move as a means of protecting Canadian manufacturing. 0:00 The goods Canadian tariffs will affect 3:36 Ottawa Deputy Mayor Tierney talks about renaming Trump Ave. 5:03 How the US is driving Canada toward China Watch 24/7 live news with CNN Headlines: https://bit.ly/4eIvlTr #Trump #Canada #News
Canada said the higher levies, on items from aluminum foil to dishwashers to fish, would help protect workers, producers and manufacturers harmed by new Trump tariffs.
| Keywords | canadatrumptariffstrade-warmanufacturingeconomyus-canada-relationsamerica-firstprotectionismwhite-housepoliticsforeign-policyaluminumbusinesscommercenorth-america |
The payment illustrates the minefield Mr. Trump has created by maintaining personal financial ties with foreign businesses while he is in office.
It's not just oil and gas that are affected by the Iran war. All sorts of shortages and price spikes are starting to pop up that stand to affect people's daily lives.
| Keywords | iran-warmiddle-eastinflationcost-of-livingoil-pricesgas-pricesglobal-economycommodity-pricesheliumaluminummortgagessupply-chainshortageseconomic-impactgeopoliticsenergy-marketsus-economy |
The Trump administration said on Thursday that it would impose 100% tariffs on patented pharmaceuticals to force deals for lower drug prices and move manufacturing to America. Why it matters: It is the latest example of President Trump using tariffs as leverage over corporate America. Zoom in: The threat of tariffs, which has hung over the pharmaceutical industry for months, helped drive 13 drug companies to make "most-favored nation" pricing deals with the White House late last year. - It is possible that more companies will strike these voluntary pricing deals with the administration, and the new tariff announcement could be further motivation to do so to be exempted. - The new tariffs could also spark a wave of industry…
The European Union and Australia have shaken hands on a trade deal that would improve access to aluminum, lithium and other critical minerals for the 27-nation bloc.
| Keywords | euaustraliatrade-dealcritical-mineralslithiumaluminumminingsupply-chainresource-independenceeconomybusinessmanufacturingcommoditiesinternational-tradeeuropean-union |