Canada pauses new tariff threats
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Government talks to finalise the deal to spare the UK from US steel tariffs are ongoing, Downing Street has said, as the deadline for the levies to come into force is due to pass and the steel industry called for a “swift” resolution.
The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.
Multiple states bordering Canada could feel the greatest impact of a 35 percent tariff on Canadian products starting August 1.
The UK’s steel sector called on the government to finalize a deal on US tariffs as negotiations ran up against President Donald Trump’s latest deadline to slap even higher levies.
A 50% import duty on steel imports is raising material costs for fire-resistant house framing. Statistics show that newer houses are less likely to burn in wildfires, and one more fire-resistant option than framing with traditional wooden studs is to use steel ones.
Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about hiking prices.
Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald Trump's tariffs, government data shows.
India intends to implement retaliatory tariffs on US imports in response to American duties on steel and aluminium, affecting $7.6 billion worth of products. This move, communicated to the WTO, emphasizes India's strategic response amid ongoing trade negotiations with the US.
India has adjusted its plan for retaliatory tariffs on the US due to increased duties on steel and aluminium. The WTO received India's request to modify tariffs on American goods. This action follows the US raising tariffs to 50 percent.
A preliminary agreement to ease the tariff dispute with the US is considered imminent, but the EU is concerned about the negotiations of a comprehensive deal and the transatlantic relationship that will follow.