Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.
It Is Happening Every Day, Every Where
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.
Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will need more resources to enforce the fees.
Tuesday night’s address will be a remarkable return to a chamber that President Trump last addressed five years ago, before voters ousted him from office.
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
There is excitement about the potentially lucrative resources scattered around the island, especially the rare earths. But extreme weather, fired-up environmentalists and other factors have tempered hopes of a bonanza.
The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.
In an interview broadcast on Monday, President Vladimir Putin said U.S. companies stood to profit in Russia, but suggested a Ukraine peace deal was still far-off.
The World Anti-Doping Agency withdrew a defamation lawsuit and an ethics case against American officials critical of its handling of failed tests by members of China’s Olympic swimming squad.
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.