Sentences with phrase «imposing tariffs in»

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

U.S. President Donald Trump imposed the tariffs in March but granted a temporary exemption to Canada that runs out on Tuesday.

The Ministry of Commerce said then that it could impose tariffs in two stages: first, a 15 percent duty on 120 products, including fruit and wine, and then, after further assessing the impact of the United States» tariffs, a 25 percent tariff on eight other products, including pork, an important moneymaker, especially in farming regions in states that voted for Mr. Trump.

Not exact matches

However, the Institute for Supply Management survey also showed a jump in raw material costs, with steel and other prices increasing due to tariffs imposed by the Trump administration.

By contrast, tariffs work in the opposite direction by imposing what amounts to higher taxes on companies, and ultimately, individuals.

China will impose counter tariffs on a broad range of U.S. businesses from agriculture to aircraft, autos, semiconductors and services if the trade conflict with the United States continues to escalate, Chinese state - owned media China Daily newspaper said in an editorial on Thursday, a day after US Trade Representative Robert Lighthizer said he would give China a 60 - day window before tariffs on Chinese goods take effect.

Trump on March 23 imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March, but granted temporary exemptions to Canada, Mexico, Brazil, the EU, Australia and Argentina.

The delay came as the free trade wing of the White House, led by Cohn, disagreed with trade hawks in the administration on whether to impose tariffs.

Halfway through the event, Trump told the attendees he would impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports, the person in the room said.

A decision not to impose tariffs would have capped an incredible turnaround for Cohn, who just last year was in Trump's doghouse for criticizing the president's divisive comments blaming people on «both sides» for violence at a white supremacist rally in Charlottesville, Virginia.

The United States» decision to impose tariffs on steel and aluminium was «regrettable» and will likely have a «big impact» on economic ties between Japan and the United States, Japanese Foreign Minister Taro Kono said in a statement on Friday.

A well known example of this strategy is the Tariff Act of 1816, which imposed 25 % taxes on British goods shipped to America in an effort to protect domestic manufacturing.

Donald Trump's decision to impose tariffs on steel and aluminum could cause major disruption for companies in Europe, a business lobbyist told CNBC.

President Donald Trump's decision to impose tariffs on cheap imported panels was intended to protect American manufacturing jobs, but many in the solar industry have argued that tariffs will raise costs and trigger thousands of layoffs in the installation end of the industry.

CNBC's Willem Marx reports the European Union trade chief is warning the E.U. will react in a proportionate way if the U.S. imposes tariffs.

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

The situation has only intensified in the following weeks: The U.S. imposed tariffs on numerous imported Chinese goods, which China answered with tariffs on 128 U.S. products, including everything from fruit to meat to nuts.

Canada's participation in the Trans - Pacific Partnership (TPP) free - trade deal has brought supply management, which imposes high import tariffs on dairy and poultry products, to the fore.

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.

A survey on Monday showed sentiment among manufacturers falling in April for a second straight month amid growing concerns about the tariffs, which were imposed by President Donald Trump in March.

A executive in machinery: «Much concern in the industry regarding the steel and aluminum tariffs recently [imposed].

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.

«Imposing tariffs or putting up trade barriers may sound good, but it will hurt our economy and credibility,» said Wendy Cutler, the former acting deputy U.S. Trade Representative who helped lead U.S. negotiations in the 12 - nation Trans - Pacific Partnership trade deal last year.

Earlier this month, the Commerce Department recommended imposing heavy tariffs or quotas on foreign producers of steel and aluminum in the interest of national security, following a trade investigation of imports.

President Donald Trump signed an executive memorandum last week that would impose retaliatory tariffs on up to $ 60 billion in Chinese imports.

U.S. President Donald Trump has threatened to impose tariffs on $ 150 billion in Chinese imports to the United States to punish China for what government officials regard as Beijing's predatory industrial policies and abuse of U.S. intellectual property.

As a trade war between the U.S. and China escalates, tariffs imposed by the two nations have business owners in industries ranging from cars to wine feeling nervous.

Trump threatened to impose tariffs on $ 60 billion in Chinese imports on Thursday and implemented a 25 % tariff on steel and a 10 % tariff on aluminum on Friday.

President Donald Trump will delay imposing steel and aluminum tariffs on the European Union, Mexico and Canada until June 1 as he finalizes deals with them, the White House said in a statement.

Analyses of steel tariffs imposed by Bush found they created fewer jobs in steel production than they destroyed through higher prices for steel - consuming industries.

China announced Wednesday that it may put tariffs on $ 50 billion worth of U.S. goods in retaliation against the Trump administration's plan for imposing 25 percent duties on Chinese imports.

The so - called Section 301 investigation tariffs could be imposed sometime in June after the end of a public comment process.

Aluminum prices have risen more than 20 percent in the last three years — and seem likely to increase further after the Trump administration's vowed to impose tariffs of 10 percent on aluminum and 25 percent on steel.

In January the International Monetary Fund said China's economic growth would top 6.6 percent in 2018, but it could now drop by as much as 0.5 percent if these tariffs are imposed — and it could slow even further if a global trade war truly heats uIn January the International Monetary Fund said China's economic growth would top 6.6 percent in 2018, but it could now drop by as much as 0.5 percent if these tariffs are imposed — and it could slow even further if a global trade war truly heats uin 2018, but it could now drop by as much as 0.5 percent if these tariffs are imposed — and it could slow even further if a global trade war truly heats up.

President Donald Trump's plans to impose tariffs on $ 50 billion in Chinese goods with similar tariffs on...

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's decision on Tuesday to impose tariffs on imported washing machines and solar panels launched in earnest his long - anticipated crusade against what he sees as unfair trade.

Earlier in the year, the U.S. imposed tariffs on imported solar panels, as well as steel and aluminum imports.

China was hitting back against U.S. President Donald Trump's plans to impose tariffs on $ 50 billion in Chinese...

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.»

In response to Trump's moves, Beijing threatened to impose tariffs of its own on more than 100 U.S. goods, ranging from soybeans and cars to whiskey, tobacco, chemical products, and brewing and distillation dregs.

The Remain campaign would have us believe the EU would impose tariff barriers in retribution, but the truth is we import nearly # 70bn more from the continent than we sell there, so it would be an absurd act of economic self - harm for the EU to start a trade war with Britain.

«We truly despise the carrot - and - stick approach,» Jia said in a veiled swipe at Trump's threats to cut aid or impose tariffs on Latin American nations that do not do more to further efforts to create more US jobs and combat drug trafficking.

«I think they've set up a high bar for what they need to achieve in order not to impose these types of tariffs and investment restrictions,» Cutler said.

Newly imposed tariffs or a downright elimination of NAFTA could curtail Canadian GDP growth in terms of exports and delay the BoC's rate hike process.

President Donald Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March.

U.S. Commerce Secretary Wilbur Ross defended the idea of tariffs on everybody in an interview, and when he asked whether Trump indeed planned to impose penalties on the entire globe he answered in the affirmative.

Under this system, tariff s of 200 % to 300 % are imposed on foreign milk and milk products while here at home, prices are manipulated to the point where, according to a paper by former Liberal MP Martha Hall Findlay, a typical Canadian family is paying in excess of $ 300 a year more than they need to for milk alone.

The Institute for Supply Management (ISM) survey published on Tuesday also showed a jump in the cost of raw materials, with prices for steel and other materials increasing because of tariffs imposed by the Trump administration.

China, in turn, implemented additional tariffs on 128 U.S. products, including fruit and pork, in response to the Trump administration's decision to impose duties on steel and aluminum.