Browsing: import duties

Former President Trump has threatened to impose 35% tariffs on Canadian goods, escalating trade tensions between the neighboring countries. The move aims to address ongoing disputes but raises concerns about economic impacts.

China condemned the US imposition of tariffs on copper imports as “arbitrary,” warning such measures hurt global trade and cooperation. The move risks escalating tensions between the two economic powers.

Trump’s earlier tariff measures sent shockwaves through the global economy, sparking fears of prolonged trade wars. This time, he insists the impact will be contained, betting on a different outcome.