Bookmark this web page to maintain tabs on Donald Trump’s commerce warfare with our interactive graphic
U.S President Donald Trump’s commerce warfare in opposition to his nation’s largest buying and selling associate has been something however simple. Right here, the Monetary Submit tracks key moments within the ongoing battle so that you simply don’t need to.
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Bookmark this web page to maintain tabs on the commerce warfare with our interactive graphic, up to date day by day.
President Trump implements sweeping 25 per cent tariffs on all items imported from Canada and Mexico, with a lesser 10 per cent tariff on Canadian vitality merchandise.
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Canada imposes retaliatory 25 per cent tariffs on $30-billion price of imported U.S. items, together with orange juice, peanut butter, wine, spirits, beer, espresso, home equipment, attire, footwear, bikes, cosmetics and sure pulp and paper merchandise.
Trump grants a one-month exemption for vehicles and components imported from Canada and Mexico which are lined beneath the Canada-United States-Mexico Settlement (CUSMA).
Trump adjusts his exemption order to incorporate all merchandise lined beneath CUSMA. Nonetheless, tariffs stay in place on items that don’t qualify for CUSMA choice:
Ontario Premier Doug Ford imposes a retaliatory 25 per cent surcharge on electrical energy exports to New York, Minnesota and Michigan.
Ford pauses the tax after talking with U.S. Commerce Secretary Howard Lutnick, who agrees to satisfy the premier and federal finance minister, Dominic LeBlanc, on March 13. The White Home additionally withdraws threats to double scheduled tariffs on metal and aluminum to 50 per cent.
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The U.S. implements 25 per cent tariffs on Canadian metal and aluminum imports.
On high of the $30 billion in retaliatory tariffs introduced on March 4, Canada imposes a 25 per cent tariff on a further $29.8-billion price of U.S. imports, together with metal ($12.6 billion), aluminum ($3 billion) and different items ($14.2 billion), together with computer systems, sports activities gear and cast-iron merchandise.
In response to tariffs Canada introduced in October on Chinese language-made electrical autos (100 per cent), metal and aluminum (25 per cent), China plans to implement tariffs on some Canadian meals imports, together with:
The U.S. plans to implement “reciprocal tariffs” on all international locations — together with Canada and Mexico — with present tariffs, taxes and different non-tariff obstacles that limit U.S. market entry.
“No matter international locations cost america of America we are going to cost them, no extra no much less,” Trump stated when he introduced the plan on Feb. 13.
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Particulars are gentle on what precisely the order will embrace and the way a lot the U.S. will levy, however might embrace CUSMA compliant merchandise, together with auto components, in addition to Canadian dairy, prescribed drugs, lumber and semiconductors.
When the Canadian authorities first introduced retaliatory tariffs on March 4, it pledged to use them to a complete of $155 billion in U.S. items. If the U.S. doesn’t take away all tariffs in opposition to Canada, the Canadian authorities’s subsequent spherical of retaliatory tariffs could be added to $95-billion price of taxable U.S. items, on high of the beforehand introduced $59.8 billion.
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