Sentences with phrase «country imposing tariffs»

In theory, this boosts the economy of the country imposing tariffs.

So Trump's move may set off a domino effect of countries imposing tariffs in order to protect themselves.

Normally, it involves one country imposing a tariff on a product, like steel, and then another country will retaliate by raising tariffs on a separate product as a form of punishment.

Not exact matches

Last week, President Donald Trump condemned the U.S. trade deficit with other countries and proposed plans to impose hefty tariffs on steel and aluminum imports.

In theory, if the U.S. were to impose a heavy tariff on another country, like say 20 %, it could cause the value of dollar to rise.

Trump imposed 25 percent tariffs on steel imports and 10 percent for aluminum to shield domestic industries from what he has described as unfair competition from other countries.

OTTAWA, May 1 (Reuters)- Canada has repeated its position that imposing punitive measures would hurt jobs in both countries, in reaction to U.S. President Donald Trump's decision to postpone the imposition of steel and aluminum tariffs.

When other countries think of things we like to export to them and they could impose tariffs, that's the beginning of trade wars.»

Should the U.S. withdraw from the WTO, as Trump threatened to do during the presidential campaign, there would be no limit on the level of tariffs other countries could impose on American products.

The country's foreign minister said earlier this month, in response to Trump's decision to impose steel and aluminum tariffs, that China would have a «justified and necessary response» to any efforts to incite a trade war.

President Donald Trump followed through on his pledge to impose stiff tariffs on imported steel and aluminum, while excluding Canada and Mexico and leaving the door open to sparing other countries on the basis of national security.

Trump has also threatened to impose an unrealistically high 45 percent tariff on Chinese imports, prompting U.S. companies operating in the Asian country to fear «retribution.»

The White House's postponement of a decision on imposing hefty tariffs on U.S. imports of steel and aluminum products from some countries helped boost investor sentiment.

Any move by the United States to impose tariffs on Canadian steel and aluminum would be a «very bad idea» guaranteed to disrupt trade between the two countries, Canadian Prime Minister Justin Trudeau said on Monday.

Trump has imposed tariffs on steel and aluminum imports from many countries, and his administration this week threatened tariffs on $ 60 billion in Chinese goods.

Advisers have been bitterly divided over how to proceed on the tariffs, including whether to impose them broadly on all steel and aluminum imports, which would ensnare allies like the European Union and Canada, or whether to tailor them more narrowly to target specific countries.

Originally that implied a country imposing safeguards would lower tariffs on other goods to balance the economic impact.

Unlike the punitive tariffs that the United States frequently imposes on «dumped» or unfairly subsidized goods from specified countries, Trump's steel and aluminum measures would apply to all countries.

So affected countries would be obliged to exact compensation by imposing tariffs or other measures on goods that they import from the United States.

If Republicans are able to get a veto - proof majority to back some kind of bill limiting Trump's authority to issue tariffs, it would echo the time when Republicans forced Trump to impose sanctions on Russia last August and locked old sanctions against the country into law instead of leaving them as executive orders that Trump could unilaterally rescind.

But Trump maintained the threat of imposing the tariffs if the two countries didn't renegotiate NAFTA to suit him.

As a big importer, China imposing their own tariffs — or buying from other countries instead — could hurt the U.S. economy.

The WTO Agreement on Safeguards governs the circumstances and requires studies and related supporting documentation for a country to impose tariffs.

«Using «national security» tools to implement tariffs could embolden other countries to impose «national security» tariffs on U.S. exporters or otherwise restrict U.S. goods and services sold to their markets.»

This law also allows the US to unilaterally impose tariffs on a foreign country's exports or restrict its access to the US market.

Mr. Trump has signalled that he wants to impose protectionist measures such as tariffs against countries that sell more goods and services into the U.S. than they buy from Americans.

The Trump administration had faced a midnight deadline to suspend or impose tariffs on imported steel and aluminum from a number of friendly countries.

The decision to impose unilateral tariffs on steel and aluminum imports threatens to levy heavy losses on European countries.

China said Tuesday it would impose $ 50 billion in tariffs against US products, including soybeans and cars, in response to the Trump administration's initial decision to slap tariffs on Chinese - made goods to punish the country for intellectual property theft.

«Solar import tariffs imposed by the U.S. government in January are likely to have only a limited impact on solar energy development in the country, but are likely to tip the scales toward wind projects at the utility scale,» the RECAI stated.

«Solar import tariffs imposed by the U.S. government in January are likely to have only a limited impact on solar energy development in the country, but are likely to tip the scales toward wind projects at the utility scale,» the RECAI

After surprising markets in recent days with plans to impose tariffs on steel and aluminum imports, President Trump signed the authorization Thursday afternoon, applying taxes broadly to all countries except Canada and Mexico.

The case, which was filed on Dec. 20 and made public on Wednesday, centers on the punitive tariffs that the United States imposes when it finds other countries guilty of subsidizing their products or of selling them abroad at unfairly low prices, a practice known as dumping.

The White House's postponement of a decision on imposing hefty tariffs on U.S. imports of steel and aluminum products from some countries...

Trump imposed new tariffs on steel and aluminum from China and other countries.

Under Trump and a Republican - controlled Congress, the United States is expected to raise tariffs within the region to the consistently higher ones it imposes on all other countries.

President Reagan accused the country of cheating, echoing Trump's arguments of today, and imposed tariffs on some Japanese imports in 1987.

In recent weeks, the countries have threatened to impose import tariffs on one another, prompting fears of a trade war that could hurt the global economy.

The U.S. trade actions include imposing restrictions on Chinese investment and tariffs on some $ 62 billion worth of Chinese imports, prompting China to say the country will defend its interests.

Tesla and scores of others from traditional automakers to technology firms are all competing for a slice of China's fast - growing new - energy vehicle market as the country looks to impose tough new tariffs to encourage production of «green» cars.

In such a system, imports from countries that do not price carbon emissions would be subject to a tariff equivalent to the price imposed on the carbon content of such goods made in Canada, counting the carbon emitted to produce goods and to transport them here.

In March, under the guise of acting to protect national security, Trump invoked Section 232 of the Trade Expansion Act of 1962 to impose tariffs on imported steel and aluminum from all countries.

Those leaders worry that Mr. Trump, by imposing stiff and sweeping tariffs on steel and aluminum, will set off a trade war with other countries.

«When it comes to a time when our country can't make aluminum and steel... you almost don't have much of a country,» he said last week when he announced plans to impose tariffs.

Trump gave U.S. steel producers a big gift in early March by imposing tariffs of 25 percent on steel imports from most foreign countries.

When Pres. Obama imposed tariffs on Chinese tires, China retaliated by enacting heavy tariffs on American automotive parts and poultry entering the country.

In addition to imposing additional tariffs on steel and aluminum from China and other countries, President Trump has threatened to put protective duties on other Chinese - made products worth $ 60 billion.

China did not take the threat lying down, and the country's Commerce Ministry announced plans to impose tariffs on US$ 3 billion of imports immediately following the United State's announcement.

These Section 232 across - the - board tariffs and quotas would also be in addition to the existing trade remedies that the United States already imposes on certain imports of steel and aluminum products from China and other countries to address alleged trade abuses.

It's important to note that neither country has imposed their proposed tariffs yet, and they may never be implemented if negotiations are successful.