On Minnesota’s Iron Range, Trump’s Tariffs Could Be Boom or Bust
A region near the Canadian border, whose mines provide most of the new ore used in producing domestic steel — and cars — has a lot at stake as trade wars intensify.
It Is Happening Every Day, Every Where
A region near the Canadian border, whose mines provide most of the new ore used in producing domestic steel — and cars — has a lot at stake as trade wars intensify.
The United States is a crucial export market for the German auto industry, which is already suffering from weak sales and increased competition from China.
The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.
The president is expected to announce tariffs on foreign cars on Wednesday, a measure that could bring car factories to the United States but raise prices for consumers.
Makers of a vast array of American products are weighing the risks, and potential payoffs, of the sweeping tariffs the president has promised on April 2.
Treasury Secretary Scott Bessent provided new details into how President Trump will roll out a sweeping and elusive tariff measure planned for April 2.
Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.
On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark investors had hoped.
The country’s trade minister stressed its role as a top investor and employer in the United States in a bid to avoid being hit by new levies on metals and cars.