Sentences with phrase «steep tariffs»
"Steep tariffs" refers to high taxes or fees that are imposed on imported goods by a country. These tariffs are meant to make imported products more expensive compared to local or domestic goods, with the aim of protecting local industries and encouraging citizens to buy products made in their own country. Full definition
Last week, he announced steep tariffs that threaten the company on two fronts.
newsweek.com
Against the wishes of many of his advisers and fellow Republicans, President Trump signed an order imposing steep tariffs on steel and aluminum imports.
Investors are hoping the White House won't follow through on threats to impose steep tariffs on imported steel and aluminum.
«I think it is largely because of steep tariffs put on specific steel producers, beginning in December 2015,» says Simonson.
The talks will take place under the shadow of U.S. President Donald Trump's proposed steep tariffs on steel and aluminum imports.
U.S. meat, wine among Canada's targets in label fight: minister Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat - labeling laws, Agriculture Minister Gerry Ritz said on Tuesday...
President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, marking his first moves to erect trade restrictions under seldom - used trade laws that allow unilateral actions.
A senior Trump administration official told Reuters that steep tariffs against China are likely «in the very near future.»
Harley - Davidson's Thailand Factory Result of TPP Exit How steep tariffs in Southeast Asia prompted Harley - Davidson to build factory... Read more >>
Canada depends heavily on exports to the U.S., but American companies could actually face steeper tariff hikes in a post-NAFTA world
Earlier this month, Trump placed steep tariffs on imports of steel and aluminum.
British steel manufacturers will be exempted from steep tariffs on American imports for another month after President Trump agreed to extend a...
They've been pressuring his administration to back off from its plan to add steep tariffs on imported steel and aluminum, which are used to make everything from cars to boats and even soup cans.
China is on a path this year to surpass Canada as the biggest single trading partner of the United States, and its factories provide American consumers with lower - cost products ranging from clothing to computers, so such steep tariffs could hurt the pocketbooks of many Americans.
The Trump administration has already imposed tariffs on Canadian softwood lumber, and more recently it set steep tariffs on imported washing machines and solar panels — all of which is inflationary.
The president's top economic adviser lost a battle to prevent the imposition of steep tariffs pushed by protectionist advisers.
Trump's decision to seek steep tariffs on steel and aluminum imports has provoked rarely seen urgency among Republicans, now scrambling to convince the president that he would spark a trade war that could stall the economy's recent gains if he doesn't reverse course.
(US Senators, 2009) The authors of this letter want steep tariffs on goods from countries that do not agree to an international regime of carbon dioxide reductions.
WASHINGTON — The Trump administration detailed plans for steep tariffs it will impose on some $ 50 billion of imports from China unless it makes big trade and investment concessions soon, a broadside...
If President - elect Donald J. Trump imposes steep tariffs on Chinese goods, he could harm the people he aims to help — American factory workers.
That's a burden, to be sure, but he says it pales in comparison to the results of proposed steep tariffs on soybeans, given that one out of every four bushels of soybeans grown in the U.S. currently goes to China.
The prospect of a damaging economic confrontation between the world's two largest economies has loomed in recent weeks, as the Trump administration threatened China with steep tariffs and China promised to retaliate with similar trade measures.
The State of the Union fell just days after the administration slapped steep tariffs on solar panels and washing machines, hitting Asian exporters particularly hard.
On the other hand, Mr. Mnuchin, the treasury secretary, is considered to be more open to negotiations with China to avoid the imposition of steep tariffs.
For steel products, Canadian businesses currently face steep tariffs, such as 20 per cent in Malaysia and 40 per cent in Vietnam.
President Donald Trump said on Sunday a process will be in place for businesses to get exemptions from the White House plan to place steep tariffs on steel and aluminum, offering the first indication a tariff hike could be less broad than first thought.
A day after President Donald Trump announced steep tariffs on imports of steel and aluminum, Baltimore - area businesses that rely on overseas supplies of the metals braced for uncertainty.
So when he heard President Donald Trump say he was imposing steep tariffs on foreign steel and aluminum, he was positively, profanely delighted, warnings about a trade war be damned.
The White House is downplaying rumors of Gary Cohn's departure, after the chief economic advisor got overruled on President Donald Trump's decision to impose steep tariffs on steel and aluminum imports.
Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports may have won him votes in Republican primaries but they would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains.
The steep tariffs Trump proposed last week are designed to protect a very specific and small set of constituents: owners and workers in the steel and aluminum industries.
Quebec has a supply management system regarding dairy, poultry and eggs, which imposes steep tariffs on those products entering the country.
Ministers from the U.S., Canada, and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump's proposed steep tariffs on steel and aluminum imports.
Ministers from the United States, Canada, and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump's proposed steep tariffs on steel and aluminum imports.
The Trump administration Tuesday unveiled a list of about $ 50 billion in Chinese electronics, aerospace and machinery products it plans to hit with steep tariffs, the latest move in a deepening U.S. - China trade conflict.
WASHINGTON / LOS ANGELES (Reuters)- U.S. President Donald Trump signed into law a steep tariff on imported solar panels on Tuesday, a move billed as a way to protect American jobs but which the solar industry said would lead to thousands of layoffs and raise consumer prices.
The S&P 500 briefly topped the 2,800 level during the week but fell back to around 2,750 by week's end amid reports that the Trump administration could impose steep tariffs on China in the near future, fueling renewed trade war fears.
The Trump administration is imposing steep tariffs on imported steel and aluminum next week.
Another Indianapolis factory, owned by the ball bearing maker Rexnord, also plans to soon leave Indianapolis for Mexico, despite criticism from the president - elect on Twitter and threats to impose steep tariffs on companies that move production abroad.
On Monday, the Trump administration announced that it would impose steep tariffs on imported solar panels, which could raise the cost of solar power in the years ahead, slowing adoption of the technology and costing jobs.
«We continue to oppose the steep tariffs on steel and aluminum,» said Roy Hardy, President of the Precision Metalforming Association.
WASHINGTON Ordering combative action on foreign trade, President Donald Trump declared Thursday the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies.
A senior Trump administration official told Reuters these steep tariffs against China are likely «in the very near future.»
Carl Icahn, the billionaire investor and former unofficial «special adviser» to President Donald Trump, sold off nearly $ 31.3 million in steel - related stocks just days before Trump announced he would impose steep tariffs on foreign steel and aluminum.
Gary Cohn, President Donald Trump's top economic adviser, has been rumored to be on the brink of leaving the White House for months but stayed for one main reason: to stop the president from imposing steep tariffs.
A billionaire investor and former presidential adviser unloaded nearly $ 31.3 million in a steel - related stock company just days before President Donald Trump announced he would impose steep tariffs on foreign steel and aluminum — news that sent stock markets tumbling around the world.
The US administration is pursuing a highly protectionist trade agenda, threatening to withdraw from NAFTA and imposing steep tariffs on steel and aluminum imports.
In the first days of March the President tweeted that he intends to impose steep tariffs on steel and aluminum to protect American interests.
Carl Icahn, the billionaire investor who advised the president on regulatory reform, sold millions in steel - related stocks days before President Donald Trump announced he would impose steep tariffs on foreign steel.
Roy Hardy, president of the Precision Metalforming Association, said that imposing steep tariffs on steel «would devastate downstream U.S. steel consuming manufacturers.»