Tariffs

"Trump is emotionally pro-Brit," declared Reform leader Nigel Farage during a recent lunch gathering in the Palace of Westminster, addressing a room full of journalists. "Trump is the least isolationist, probably of the whole of the senior Republican Party," he asserted. True to his bold style, the close ally of U.S. President Donald Trump expressed his concerns about the opportunities missed in securing a free-trade agreement with the United States, lamenting that, "we've blown it." Farage revealed an interesting insight,…

Prime Minister Mark Carney Addresses Tariffs in Call with President Trump In a significant move, Canada's newly appointed Prime Minister Mark Carney has informed US President Donald Trump that Canada will be implementing retaliatory tariffs on American goods starting April 2, coinciding with the introduction of sweeping US levies. During their inaugural conversation since Mr. Carney took office earlier this month, both leaders engaged in what was described as a "very constructive conversation," according to a statement…

In a recent announcement, Canadian Prime Minister Mark Carney expressed his intent to respond with undefined trade actions if U.S. President Donald Trump moves forward with new auto tariffs. These tariffs have not only escalated a global trade war but have also severely impacted stock markets. Last night, President Trump introduced a 25% tariff on imported vehicles, igniting international backlash and promises of retaliation from U.S. allies. Such measures have drawn considerable criticism, highlighting concerns over their…

US Urges EU to Prepare for New Tariffs Amid Ongoing Discussions In a climate of growing economic tensions, the United States has advised the European Union to brace for additional tariffs. This development comes just before any formal negotiations are set to take place, signaling a potentially rocky path ahead. "The strength of our economy depends on fair trade practices. It's crucial that both parties acknowledge the current landscape," said a senior official. The discussions surrounding…

US President Donald Trump has announced a 25% tariff on imported cars and light trucks set to take effect next week, further escalating the global trade tensions he initiated upon returning to the White House this year. Industry experts anticipate this move could raise vehicle prices and hinder production capabilities. "What we're going to be doing is a 25% tariff for all cars that are not made in the United States," Trump stated during a recent event in the Oval Office. The President views tariffs as a strategic method to…

It all started rather humbly with gumball machines. Picture this: me, a college student juggling my studies and a job waiting tables, when I stumbled upon an e-book. Inspired, I took my first small step into the world of business, purchasing gumball machines at around $50 each. An innocent beginning, yet the foundational step that guided me toward a realization. During this initial phase, I encountered an individual who changed my perspective entirely. He was selling full-sized snack and soda machines. With a chuckle, he…

Diplomats from the G7 member nations are gathering in Canada to finalize a united front following weeks of tension between U.S. allies and President Donald Trump, whose actions have dramatically shifted Western trade and security policies. Ministers from Britain, Canada, France, Germany, Italy, Japan, and the United States, alongside representatives from the European Union, have convened in the picturesque town of La Malbaie, nestled in the serene Quebec hills. The discussions, taking place over two days, have historically…

The European Union has announced the implementation of counter tariffs on US goods valued at €26 billion (approximately $28 billion) beginning next month. This move marks a significant escalation in the ongoing global trade tensions, prompted by the blanket tariffs imposed by the United States on steel and aluminum imports. In response to these trade dynamics, US President Donald Trump has activated increased tariffs of 25% on all steel and aluminum imports, which took effect as previous exemptions and duty-free quotas…

Evaluating the EU's Response to Trump's "Fair and Reciprocal Plan" As the dust settles on President Donald Trump's announcement regarding the "fair and reciprocal plan" for tariffs, one must ponder: How concerned should Ireland and its European allies truly be? The rhetoric wielded by the president appeared to target multiple sectors linked to Ireland—ranging from the pharmaceutical giants to tech behemoths like Apple, not to mention various agricultural goods and the infamous EU Value Added Tax (VAT). His remarks echoed…

At the NLMK Indiana steel mill, a scene unfolds that is almost mesmerizing; a brilliant dance of light and metal as workers keep a vigilant eye on the steel, melting in an electric arc furnace at a scorching 3,000 degrees Fahrenheit (1,649°C). It's an industrial ballet, unfolding quietly but with relentless fervor. Yet, how will the international trading stage change with the US steel narrative shifting so dramatically? In his bold stride to reconfigure a purportedly inequitable global trade system, President…