EU moves ahead with tariffs on US but hopes for Biden change
Trade action traded between US and EU over support for aircraft manufacturers Boeing and Airbus.
China’s leaders vow to become self reliant technology power
Trump administration’s curbs on technology sales to China part of a fight over security and spying.
Shoring up our future closer to home
AME’s whitepaper “A Manufacturing Marshall Plan” calls for reshoring, nearshoring and leanshoring.
EU can put tariffs on $4B of US goods over Boeing support: WTO
One of the largest penalties handed down by the global trade organization, considering which products to target.
US companies seeking tariff relief faced red tape, delays
Commerce Department was overwhelmed by companies lobbying to avoid the tariffs, could not meet its own deadline.
US abruptly lifts tariff aimed at Canadian alumunium
…but they’re still on the table, as are threatened Canadian countermeasures.
Trudeau vows Canada won’t back down in softwood dispute with US
Duties imposed in 2017 claiming Canada’s regulated forestry industry amounts to an unfair subsidy for producers.
China, US discuss economic co-ordination in trade meeting
Part of the Phase 1 truce aimed at ending a tariff war between the two biggest global economies.
China considers imposing tariffs on Australian wine
Focuses on wine in containers 2 litres or smaller, which accounts for most Australian exports.
58% of Americans oppose Trump tariff on Canadian aluminum: survey
Polling firm Leger says numbers reflect a lack of a clear rationale for the action by the mercurial US president.
Sask. Premier Moe worried U.S. could put tariff on steel after aluminum
Regina is home to the Evraz steel mill where hundreds of people work
Canada plans $3.6B in retaliatory tariffs on U.S. in aluminium dispute
Freeland says the tariffs will match dollar-for-dollar the costs of the planned 10% import tariff on Canadian raw aluminum that will apply starting Aug. 16
PM to Trump: Return of NA economy will negate need for tariffs
He said Canada’s aluminum smelters would soon be back producing value-added specialty products for the American auto sector.
Canada’s response on tariffs won’t be bound by USMCA: negotiator
Trade negotiator Steve Verheul says what actions Canada takes depends on what the US does.
China defends WHO, lashes out at US move to withdraw
Calls the move “another demonstration of the US pursuing unilateralism, withdrawing from groups and breaking contracts.”
Why fresh US tariffs? Politics, pandemics, Russian aluminum
Aluminum is one of the elemental components of the Canada-US trade relationship.
Trade experts urge heads-up approach as USMCA comes into force
More than a NAFTA update, risk of running afoul of the deal’s new rules or leave money and new prosperity on the table.
Canada won’t tip hand on possibility of import tariffs on Saudi oil
Kenney wants a continental energy policy to help North America fight what he says are predatory pricing practices.
China cuts tariffs on $75B of US imports in trade truce
…but the lingering dispute threatens to chill global economic growth.
Lumber company shares rise on news the US intends to cut softwood duties
CIBC suggests average US duties would drop from about US$67 per thousand board feet to $30 based on current pricing levels.
NDP wants exhaustive review of USMCA before ratification: Singh
Canadians were told USMCA was the best deal possible, but US Democrats made subsequent revisions.
France to put on hold digital tax plan, meet with US
Tax applies to the digital business of companies that have global revenues of over 750 million euros
Even as Trump claims two victories on trade, doubts remain
Critics warn the deal with China leaves unresolved most of the toughest and most complicated issues dividing the world’s two biggest economies.
Survey finds persistent Canadian respect for US, wide disdain for Trump
Globally, only 29% have confidence in the US president to do the right thing with respect to world affairs.
China delays tariffs on US autos, other goods in trade deal
Washington also agreed to postpone a planned tariff hike on US$160 billion of Chinese goods
China repeats demand for rollback of US tariffs first for deal
China will buy American farm products but won’t commit to a specific dollar amount.
US proposes tariffs on up to $2.4B on French imports
Retaliation on France’s tax on American tech giants such as Google, Amazon and Facebook.
China presses Washington for tariff cut in trade deal
Beijing said US negotiators agreed to roll back September penalties on $112 billion of imports, Trump dismissed claim.
Trump pushes back on reports US will remove China tariffs
Trump’s pushback suggested that negotiations haven’t progressed as far as hoped.
China says Beijing, US to lift tariff hikes as talks advance
Negotiators agreed to a “phased cancellation” of tariff hikes if talks progress.
Why Trump tariffs haven’t revitalized American steelmakers
Raised costs for steel users and has done little to blunt China’s dominance of global steel production.
For toymaker Hasbro, trade wars are no fun
Price hikes may be on the way for consumers as company offsets rising costs.