Sentences with phrase «tax on aluminum imports»
Following President Donald Trump's early - March announcement that he would tax overseas metals — citing national security concerns with China as a rationale — the government imposed a 25 percent tax on steel and a 10 percent tax on aluminum imported from certain countries.
https://therealdeal.com/ Not exact matches
Trump has since reaffirmed his plans to slap tariffs on steel and aluminum imports, warning the European Union (EU) it could soon face a «big tax» for failing to treat the U.S. properly when it comes to trade.
Protectionism is a reference to U.S. plans to levy taxes on aluminum and steel imports, which could mean retaliation from places such as China and the European Union.
Trump is levying taxes on imported steel and aluminum at the same moment he needs to refill the depleted ranks of the White House senior staff.
That's what made Trump's apparent decision to impose a sweeping 10 percent tax on imported aluminum and a steeper 25 percent tax on imported steel so unusual.
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.
BEIJING - China says it's rolling out new tariffs on U.S. meat, fruit and other products as retaliation against taxes approved by President Donald Trump on imported steel and aluminum.
And as of late last month, China requested that the U.S. provide compensation due to lost trade from the taxes and threatened to impose its own tariffs on $ 3 billion of U.S. imports including agricultural, steel and aluminum goods.
The S&P 500 tumbled 1.3 % on Thursday, when President Trump announced his intention to tax imports of steel at 25 % and imports of aluminum at 10 %.
Mr. Trump's planned tariffs would, in effect, levy a tax of 25 percent on imported steel and 10 percent on imported aluminum.
When he appeared on the Sunday talk shows this weekend, Navarro's message was clear: The Trump administration is very serious about the new border taxes — 25 percent on imported steel, 10 percent on imported aluminum — and it could happen as early as this week.
President Donald Trump is threatening to put tariffs on steel and aluminum imported into the United States, and Friday the European Union released a list of products it says it will tax in retaliation — including Orange Juice.