AFP

US trading partners hit back on steel, aluminum tariffs

Major US trading partners announced countermeasures Wednesday after Donald Trump’s blanket tariffs on steel and aluminum imports took effect, prompting the president to vow a further response.The steep 25-percent levies contained no exemptions despite countries’ efforts to avert them, marking an expansion from Trump’s recent duties on Canada, Mexico and China since returning to the …

US trading partners hit back on steel, aluminum tariffs Read More »

US trading partners hit back on steel, aluminum tariffs

Major US trading partners announced countermeasures Wednesday after Donald Trump’s blanket tariffs on steel and aluminum imports took effect, prompting the president to vow a further response.The steep 25-percent levies contained no exemptions despite countries’ efforts to avert them, marking an expansion from Trump’s recent duties on Canada, Mexico and China since returning to the …

US trading partners hit back on steel, aluminum tariffs Read More »

Stocks advance on US inflation slowing, Ukraine ceasefire plan

Stock markets mostly rose Wednesday on both sides of the Atlantic as investors shrugged off Washington’s latest tariffs to focus on cooling US inflation and a Ukraine ceasefire plan.Global markets have endured severe swings this month as US President Donald Trump looks to ramp up pressure on global partners by imposing or threatening hefty duties on …

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Ukraine truce dominates G7 talks clouded by Trump’s Canada threats

G7 foreign ministers will meet in Canada Wednesday to discuss moves to halt the Russia-Ukraine war, but US Secretary of State Marco Rubio shrugged off questions about a prospective takeover of his country’s northern neighbor.Rubio landed in Quebec City after meeting Ukrainian officials in the Saudi city of Jeddah to discuss an initial ceasefire.He said …

Ukraine truce dominates G7 talks clouded by Trump’s Canada threats Read More »

China, EU vow countermeasures against sweeping US steel tariffs

China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs, moving Washington closer to an all-out trade war with two major partners.The levies took effect just after midnight on Wednesday “with no exceptions or exemptions”, as promised by the White House — despite …

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US tariffs of 25% on steel, aluminum imports take effect

The United States broadened its slate of tariffs Wednesday as sweeping levies on steel and aluminum imports took effect “with no exceptions or exemptions” as promised by the White House — despite countries’ efforts to avert them.President Donald Trump’s 25 percent duties on both metals will likely add to the cost of producing various goods …

US tariffs of 25% on steel, aluminum imports take effect Read More »

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