President-elect Donald Trump’s plan to impose 25% tariffs on all goods from Canada and Mexico will push up steel and aluminum prices across the U.S., according to Citigroup analysts.
November 26, 2024tariffs News Updates
Citigroup: Trump Tariffs to Drive Up Aluminum, Steel Prices
Tariff Concerns Propel Chinese Exports to Record Heights
China's export growth will accelerate to 7% in the final three months from the same period last year, according to the median forecast of analysts surveyed by Bloomberg Nov. 15-21.
November 25, 2024EU Prepares Two-Track Plan for Trump Trade Ties
The EU is exploring potential areas for deeper cooperation with the U.S., such as increased liquefied natural gas imports and closer alignment on addressing China’s trade practices.
November 21, 2024Port Traffic Surging as Companies Rush to Beat Tariffs
Imports at the Port of Los Angeles last month totaled 462,740 20-foot-equivalent units, or TEUs. The port also handled 122,716 export containers and 319,570 empty containers in October.
November 20, 2024Trump Names Howard Lutnick as Commerce Secretary Nominee
Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration.
November 19, 2024Ontario Premier Floats US-Canada Trade Deal Without Mexico
The premier of Canada’s largest province wants the country to negotiate its own trade agreement with the U.S., unless Mexico aligns with its North American partners on Chinese imports.
November 12, 2024US South Set to Surpass Canada in Lumber Production
The shift reflects how a key Canadian resource sector has declined due to U.S. duties and other challenges, including wildfires, land-use regulation and insect infestations.
November 4, 2024EU Plans Tariff Strategy if Trump Returns to White House
The EU’s favored approach would be to seek an agreement with Trump on some areas of common interest such as China, said one of the people, who spoke on the condition of anonymity.
October 15, 2024Tesla Gets Lower EU Tariff Than Chinese Rivals in Draft Plan
For Tesla Inc., the 9% tariff is relatively welcome news, as it’s lower than what other manufacturers face.
August 20, 2024US Weighs More Tariffs on Chinese Goods, Including EVs
President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods, according to people familiar with the matter.
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