Trump, tariffs and Live Updates
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Trump, steel
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Trump, tariff and the trade war
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President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies – Apple and Mattel – with tariffs aimed at their key products over comments by their CEOs.
The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.
1hon MSN
American manufacturers were among the first U.S. businesses to show damage from President Trump’s trade wars. And they are still showing lots of stress even after the White House relaxed most tariffs.
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And that means President Donald Trump’s tariffs are top-of-mind. A $6,400 piece of odor control equipment was in transit from Canada when tariffs went into place, and the wastewater district paid a $1,550 tariff on it, Luers said.
Iron ore futures in Asia fell to thier lowest since early May on Monday after President Trump pledged to double tariffs on imported steel and aluminum to 50% from 25%, effective June 4. Futures for the steelmaking ingredient dropped ~1% to below $95/metric ton,
President Trump would invoke other tariff authorities if his appeal of a trade court's ruling isn't successful, Commerce Secretary Lutnick said.
Prime Minister Mark Carney is pushing to offset the economic pain caused by US President Donald Trump’s tariffs by compelling Canadian provinces to liberalize trade with one another.
The so-called TACO trade will be tested as markets wait to see if Trump will actually follow through with his 50% steel duty or if he will put it on hold soon.