EU, U.S and tariffs
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6hon MSN
The company reported preliminary losses of $2.7 billion on $83 billion in revenue for the first six months of the year, compared to a profit of $6.5 billion on nearly $100 million in revenue in
1hon MSN
April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
Alcoa (NYSE:AA) has paused work on all its growth projects in Canada due to President Trump's tariffs, and may need to turn to the Canadian government for help if the leveis remain in place, CEO Bill Oplinger told Bloomberg in an interview Friday.
The move injects fresh turmoil into a strained bilateral relationship as Prime Minister Mark Carney negotiates a new economic partnership with the United States.
US President Donald Trump has announced that all imports from Canada will have a 35% tariff as of August 1. He sent a letter to the country’s president, Mark Carney, informing him of the new rate, which has also been posted on his Truth Social account.
The president revived his discredited claims about fentanyl entering the U.S. from Canada to justify his latest proposed rate of 35 percent.
President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.'s largest trading partners.
In a letter released on his social media platform, Donald Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated.
Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S.
Trump urged Senate Majority Leader John Thune to cancel the August congressional recess to allow for the confirmation of his nominees.
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