Showing posts with label tariffs. Show all posts
Showing posts with label tariffs. Show all posts
Tuesday, October 28, 2025
Saturday, October 25, 2025
Trump Raises Tariffs on Canada by 10% in Retaliation for Anti-tariff TV Ad
THE GUARDIAN: Move is response to ad sponsored by Ontario that referenced Ronald Reagan’s support for free trade
Donald Trump announced on Saturday that he will raise US tariffs on Canada by 10% in retaliation for an anti-tariff advertisement sponsored by the Ontario government, which has further strained one of the world’s largest trade partnerships.
The statement, posted on Trump’s Truth Social account, came after several days of public disputes over the ad, which referenced Ronald Reagan’s support for free trade and provoked the US president’s anger.
“Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump said Saturday on social media. » | Marina Dunbar | Saturday, October 25, 2025
Donald Trump announced on Saturday that he will raise US tariffs on Canada by 10% in retaliation for an anti-tariff advertisement sponsored by the Ontario government, which has further strained one of the world’s largest trade partnerships.
The statement, posted on Trump’s Truth Social account, came after several days of public disputes over the ad, which referenced Ronald Reagan’s support for free trade and provoked the US president’s anger.
“Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” Trump said Saturday on social media. » | Marina Dunbar | Saturday, October 25, 2025
Labels:
Canada,
Donald Trump,
tariffs
Friday, October 24, 2025
Trump Says He’s Cutting Off Trade Negotiations With Canada
THE NEW YORK TIMES: The president said he was motivated by an ad, paid for by the province of Ontario, that featured Ronald Reagan criticizing tariffs in a 1987 radio address.
President Trump said late Thursday that he was terminating negotiations with Canada over the high tariffs that he imposed on its steel, auto parts and other major exports, adding new uncertainty to the relationship with America’s second-biggest trading partner.
On Truth Social, the president said he was ending all trade negotiations with Canada because of a video ad, paid for by the province of Ontario, that featured former President Ronald Reagan speaking negatively about tariffs.
“TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.,” Mr. Trump wrote. “Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Mr. Trump claimed that the ad was fake and said that it had been placed “to interfere with the decision of the U.S. Supreme Court,” which is currently considering a legal challenge to many of Mr. Trump’s tariffs. » | Ana Swanson and Matina Stevis-Gridneff | Reporting from Washington and Toronto | Thursday, October 23, 2025
Generally speaking, tariffs are passé. They are the economic tool of old-fashioned thinkers and of people who do not understand economics. They are not an economic tool useful in generating or furthering prosperity. Further, having a tantrum is not going to make Trump’s tariffs bring about prosperity, neither for Americans nor for the rest of the world. — © Mark Alexander
President Trump said late Thursday that he was terminating negotiations with Canada over the high tariffs that he imposed on its steel, auto parts and other major exports, adding new uncertainty to the relationship with America’s second-biggest trading partner.
On Truth Social, the president said he was ending all trade negotiations with Canada because of a video ad, paid for by the province of Ontario, that featured former President Ronald Reagan speaking negatively about tariffs.
“TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.,” Mr. Trump wrote. “Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Mr. Trump claimed that the ad was fake and said that it had been placed “to interfere with the decision of the U.S. Supreme Court,” which is currently considering a legal challenge to many of Mr. Trump’s tariffs. » | Ana Swanson and Matina Stevis-Gridneff | Reporting from Washington and Toronto | Thursday, October 23, 2025
Generally speaking, tariffs are passé. They are the economic tool of old-fashioned thinkers and of people who do not understand economics. They are not an economic tool useful in generating or furthering prosperity. Further, having a tantrum is not going to make Trump’s tariffs bring about prosperity, neither for Americans nor for the rest of the world. — © Mark Alexander
Labels:
Canada,
Donald Trump,
tariffs
Wednesday, July 30, 2025
Brazil’s President to Trump: ‘I Want to Be Treated With Respect’
THE NEW YORK TIMES: Faced with threats of 50 percent tariffs and demands to end a criminal case, President Luiz Inácio Lula da Silva said he wouldn’t take orders from President Trump.
President Luiz Inácio Lula da Silva of Brazil is outraged.
President Trump is trying to push around his nation of 200 million, dangling 50 percent tariffs as a threat, Mr. Lula said in an interview. And yet, he added, the U.S. president is ignoring his government’s offers to talk.
“Be sure that we are treating this with the utmost seriousness. But seriousness does not require subservience,” the Brazilian president said. “I treat everyone with great respect. But I want to be treated with respect.”
Mr. Lula granted his first interview to The New York Times in 13 years on Tuesday, in part because he wanted to speak to the American people about his frustration with Mr. Trump.
Mr. Trump has said that, starting on Friday, he plans to impose 50 percent tariffs on Brazilian goods, in large part because Brazilian authorities have charged former President Jair Bolsonaro with trying to hold on to power after losing the 2022 election.
Mr. Trump has called the case a “witch hunt” and wants it dropped. Mr. Lula said that was not up for negotiation. “Maybe he doesn’t know that here in Brazil, the judiciary is independent,” he said.
In the interview, Mr. Lula said that the American president is infringing on Brazil’s sovereignty. » | Jack Nicas | Photographs by Victor Moriyama | Jack Nicas interviewed President Lula of Brazil in the nation’s capital, Brasília.| Wednesday, July 30, 2025
Leer en español.
President Luiz Inácio Lula da Silva of Brazil is outraged.
President Trump is trying to push around his nation of 200 million, dangling 50 percent tariffs as a threat, Mr. Lula said in an interview. And yet, he added, the U.S. president is ignoring his government’s offers to talk.
“Be sure that we are treating this with the utmost seriousness. But seriousness does not require subservience,” the Brazilian president said. “I treat everyone with great respect. But I want to be treated with respect.”
Mr. Lula granted his first interview to The New York Times in 13 years on Tuesday, in part because he wanted to speak to the American people about his frustration with Mr. Trump.
Mr. Trump has said that, starting on Friday, he plans to impose 50 percent tariffs on Brazilian goods, in large part because Brazilian authorities have charged former President Jair Bolsonaro with trying to hold on to power after losing the 2022 election.
Mr. Trump has called the case a “witch hunt” and wants it dropped. Mr. Lula said that was not up for negotiation. “Maybe he doesn’t know that here in Brazil, the judiciary is independent,” he said.
In the interview, Mr. Lula said that the American president is infringing on Brazil’s sovereignty. » | Jack Nicas | Photographs by Victor Moriyama | Jack Nicas interviewed President Lula of Brazil in the nation’s capital, Brasília.| Wednesday, July 30, 2025
Leer en español.
Sunday, July 20, 2025
Could Trump's Threats against Brazil Backfire? | Inside Story
Jul 19, 2025 | Deepening conflict between the US and Brazil -- over the prosecution of former president Jair Bolsonaro. US President Trump threatens 50 percent tariffs -- unacceptable blackmail, says Brazil's President Lula da Silva. So what's next? And who stands to win or lose?
Presenter: Adrian Finighan
Guests:
Graziella Testa -- Professor at the Getulio Vargas Foundation who specialises in public policy
Vinicius Rodrigues Vieira -- Professor at the Armando Alvares Penteado Foundation
Michael Shifter -- Senior Fellow at the Inter-American Dialogue, a policy forum focused on Western Hemisphere affairs
Presenter: Adrian Finighan
Guests:
Graziella Testa -- Professor at the Getulio Vargas Foundation who specialises in public policy
Vinicius Rodrigues Vieira -- Professor at the Armando Alvares Penteado Foundation
Michael Shifter -- Senior Fellow at the Inter-American Dialogue, a policy forum focused on Western Hemisphere affairs
Friday, July 18, 2025
Trump's Letter about Tariffs Was an Unacceptable Blackmail : Brazil's Lula
Monday, July 14, 2025
Trump’s 30% Tariffs Would ‘Practically Prohibit’ EU-US Trade, Says Šefčovič
THE GUARDIAN: EU trade chief says his team felt ‘very close’ to an agreement before US president’s comments at the weekend
Donald Trump’s threat to impose 30% tariffs on European goods would “practically prohibit” transatlantic trade, the EU’s lead negotiator with the US has said.
Arriving for talks with European ministers in Brussels, Maroš Šefčovič, the EU trade commissioner, said a tariff of 30% or more would have a huge impact, making it “almost impossible to continue” current transatlantic trade, which is worth €4.4bn (£3.8bn) a day.
Expressing disappointment, he said his negotiating team thought they had been close to a deal. “The feeling on our side was that we are very close to an agreement,” as he said the two sides had been negotiating an agreement in principle – the outlines of a deal – for four weeks prior to Trump’s blunt announcement at the weekend. » | Jennifer Rankin in Brussels | Monday, July 14, 2025
Donald Trump’s threat to impose 30% tariffs on European goods would “practically prohibit” transatlantic trade, the EU’s lead negotiator with the US has said.
Arriving for talks with European ministers in Brussels, Maroš Šefčovič, the EU trade commissioner, said a tariff of 30% or more would have a huge impact, making it “almost impossible to continue” current transatlantic trade, which is worth €4.4bn (£3.8bn) a day.
Expressing disappointment, he said his negotiating team thought they had been close to a deal. “The feeling on our side was that we are very close to an agreement,” as he said the two sides had been negotiating an agreement in principle – the outlines of a deal – for four weeks prior to Trump’s blunt announcement at the weekend. » | Jennifer Rankin in Brussels | Monday, July 14, 2025
Labels:
Donald Trump,
EU,
tariffs
Saturday, July 12, 2025
Trump Says EU and Mexico Face 30% Tariff from August
BBC: President Donald Trump has announced that the European Union and Mexico will face a 30% tariff on imports to the US from 1 August.
He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.
The announcement was made in two letters posted on Trump's Truth Social website. Similar letters were sent this week to several other countries.
The 27-member EU - America's biggest trading partner - said earlier this week it hoped to agree a deal with Washington before 1 August.
In the letter to European Commission President Ursula von der Leyen, Trump wrote: "We have had years to discuss our trading relationship with the European Union, and have concluded that we must move away from these long-term-large, and persistent, trade deficits, engendered by your tariff, and non-tariff, policies and trade barriers."
"Our relationship has been, unfortunately, far from reciprocal," the letter added. » | BBC | Saturday, July 12, 2025
He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.
The announcement was made in two letters posted on Trump's Truth Social website. Similar letters were sent this week to several other countries.
The 27-member EU - America's biggest trading partner - said earlier this week it hoped to agree a deal with Washington before 1 August.
In the letter to European Commission President Ursula von der Leyen, Trump wrote: "We have had years to discuss our trading relationship with the European Union, and have concluded that we must move away from these long-term-large, and persistent, trade deficits, engendered by your tariff, and non-tariff, policies and trade barriers."
"Our relationship has been, unfortunately, far from reciprocal," the letter added. » | BBC | Saturday, July 12, 2025
Labels:
Donald Trump,
European Union,
tariffs
Saturday, July 05, 2025
Trump Threatens 17% Tariffs on Food and Farm Produce Exports from Europe
THE GUARDIAN: EU says it ‘favours a negotiated solution’ but is prepared for potential trade war with retaliatory duties
Donald Trump threatened to impose 17% tariffs on food and farm produce exports from Europe during talks in Washington this week, it has emerged.
Such tariffs would hit everything from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France, all big sellers in the US.
First reported in the Financial Times, sources confirmed that the EU trade commissioner, Maroš Šefčovič, was given the warning on Thursday when he met the US treasure secretary, Scott Bessent, trade representative Jamieson Greer and commerce secretary Howard Lutnick.
EU ambassadors were briefed on the threat on Friday. » | Lisa O'Carroll | Friday, July 4, 2025
Donald Trump threatened to impose 17% tariffs on food and farm produce exports from Europe during talks in Washington this week, it has emerged.
Such tariffs would hit everything from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France, all big sellers in the US.
First reported in the Financial Times, sources confirmed that the EU trade commissioner, Maroš Šefčovič, was given the warning on Thursday when he met the US treasure secretary, Scott Bessent, trade representative Jamieson Greer and commerce secretary Howard Lutnick.
EU ambassadors were briefed on the threat on Friday. » | Lisa O'Carroll | Friday, July 4, 2025
Labels:
Donald Trump,
European Union,
tariffs
Monday, March 24, 2025
Canadian Prime Minister: Trump Wants to Break Us
Friday, March 21, 2025
See Canadian Official’s Response to Trump’s Verbal Attack on Canada
Labels:
Canada,
Donald Trump,
tariffs,
trade war
Wednesday, March 19, 2025
‘Dangerous Game of Chicken’: Trump Prepping New Tariffs, Threatening the Global Economy
Labels:
Donald Trump,
tariffs
Trump Plots Tariffs Worth ‘Trillions’ on World Economy
THE TELEGRAPH: Donald Trump is preparing to impose tariffs on “trillions” of dollars worth of goods next month as he ramps up his global trade war.
The US president has already raised tariffs on roughly $800bn (£616bn) worth of goods from China, Mexico and Canada and introduced levies on global imports of steel and aluminium last week.
White House officials are drawing up plans to impose the levies on imports worth “trillions” from April 2, according to the Washington Post.
Mr Trump has said he would impose “reciprocal tariffs” on that date, which he said would be “a liberating day for our country”. » | Telegraph | Wednesday, March 19, 2025
The US president has already raised tariffs on roughly $800bn (£616bn) worth of goods from China, Mexico and Canada and introduced levies on global imports of steel and aluminium last week.
White House officials are drawing up plans to impose the levies on imports worth “trillions” from April 2, according to the Washington Post.
Mr Trump has said he would impose “reciprocal tariffs” on that date, which he said would be “a liberating day for our country”. » | Telegraph | Wednesday, March 19, 2025
Labels:
Donald Trump,
tariffs,
trade war
Tuesday, March 18, 2025
World Leaders Put the Dagger in Trump before Putin Stunt
Monday, March 17, 2025
Trump’s Trade War Will Damage Growth OECD Warns | BBC News
Mar 17, 2025 | Economic organisation has said that President Donald Trump’s tariffs will be bad for global economic growth and living standards.
The leading economic think tank the OECD has shared its forecast saying the global economy will only grow by 3.1% this year.
The biggest changes will be felt in the United States's neighbours Mexico and Canada.
This is a self-inflicted wound. What comes will be a trumpcession. – © Mark Alexander
The leading economic think tank the OECD has shared its forecast saying the global economy will only grow by 3.1% this year.
The biggest changes will be felt in the United States's neighbours Mexico and Canada.
This is a self-inflicted wound. What comes will be a trumpcession. – © Mark Alexander
Labels:
Donal Trump,
OECD,
tariffs,
trade war
Sunday, March 16, 2025
Pres Trump Says the US Doesn’t “Need” Canada. Is He Right? | Amanpour & Company
Labels:
Amanpour & Company,
Canada,
Donald Trump,
tariffs
Scott Galloway on Markets, Musk, and Trump’s “Weapons of Mass Distraction” | Amanpour & Company
Friday, March 14, 2025
Too Hard to Swallow? Why Trump's Proposed Tariffs on European Wine Could Crush the EU Wine Industry
Labels:
Donald Trump,
EU wines,
Europe,
tariffs
Thursday, March 13, 2025
Donald Trump Threatens 200% Tariff on EU Wine and Champagne
THE GUARDIAN: US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey
Donald Trump has threatened a 200% tariff on wine and champagne from European Union countries, in the latest threat of escalation in the global trade war started by the US president against the country’s biggest trading partners.
Trump said in a post on Thursday on his Truth Social platform that the tariffs on all alcoholic products from the bloc would be retaliation for a “nasty” 50% levy on American bourbon whiskey announced by the EU.
The EU’s action against bourbon whiskey – due to come into force on 1 April – was itself part of a €26bn response to Trump’s 25% tariffs on steel and aluminium imports, which came into effect on Wednesday.
Trump claims the US’s trading partners have taken advantage of the US and that tariffs will help him to bring back jobs – a theory that is roundly rejected by most mainstream economists. » | Jasper Jolly, and Angelique Chrisafis in Paris | Thursday, March 13, 2025
Donald Trump has threatened a 200% tariff on wine and champagne from European Union countries, in the latest threat of escalation in the global trade war started by the US president against the country’s biggest trading partners.
Trump said in a post on Thursday on his Truth Social platform that the tariffs on all alcoholic products from the bloc would be retaliation for a “nasty” 50% levy on American bourbon whiskey announced by the EU.
The EU’s action against bourbon whiskey – due to come into force on 1 April – was itself part of a €26bn response to Trump’s 25% tariffs on steel and aluminium imports, which came into effect on Wednesday.
Trump claims the US’s trading partners have taken advantage of the US and that tariffs will help him to bring back jobs – a theory that is roundly rejected by most mainstream economists. » | Jasper Jolly, and Angelique Chrisafis in Paris | Thursday, March 13, 2025
Labels:
Donald Trump,
EU,
tariffs
Wednesday, March 12, 2025
EU Retaliates Against Trump's New Metal Tariffs | Full Remarks
Labels:
European Union,
tariffs,
Ursula van der Leyen,
USA
Subscribe to:
Comments (Atom)