Canada

New tariffs on Mexico, Canada and China will cost families in the U.S. an additional $1,600 to $2,000 a year, the top House Democrat on Congress’ Joint Economic Committee said in a new report on Wednesday, citing a likely rise in prices for electronics, clothing, oil and grocery items, among others. Rep. Don Beyer (D-VA), a House Ways & Means Committee member, released a new JEC report that estimates the economic costs of the new duties. President Trump on Tuesday...

President Trump on Tuesday used the first address to Congress of his second term to tout his emerging trade policy, including “reciprocal” tariffs coming on April 2 and new duties on Mexico and Canada – though he also acknowledged those moves could lead to some “disturbance” initially. Commerce Secretary Howard Lutnick, meanwhile, suggested before the speech that Trump might announce an agreement to moderate duties on those countries as soon as Wednesday. During the speech, Trump reaffirmed his plans to...

The U.S. will increase tariffs on Canada by the same amount Ottawa announced on Tuesday as retaliation against new U.S. duties, President Trump said after Canadian Prime Minister Justin Trudeau announced his government’s plan. Trudeau’s announcement came hours after the U.S. slapped Canadian energy exports with 10 percent tariffs and the rest of Canadian goods with 25 percent tariffs. Canada imposed 25 percent tariffs on $30 billion worth of U.S. goods and promised to hit another $120 billion worth in...

President Trump on Monday declared that new tariffs on Canada and Mexico were “all set” to take effect on Tuesday amid calls from lawmakers and others to avoid trade conflicts. Accordingly, U.S. Customs and Border Protection on Monday issued guidance on the tariffs, which it said would go into effect at 12:01 a.m. on Tuesday. All goods from Mexico and most from Canada will be hit with 25 percent tariffs; Canadian energy exports will face 10 percent duties. Trump has...

President Trump on Saturday instructed the Commerce Department to launch an investigation into the national security risks of lumber imports and issued an executive order on forest management aimed at increasing the domestic supply of lumber and timber. The investigation will be conducted under Section 232 of the Trade Expansion Act of 1962, a White House official told reporters on Friday, and if tariffs are imposed pursuant to the probe, they will be in addition to any existing duties –...

President Trump is vowing to double a newly imposed 10 percent tariff on all goods from China on March 4, while also signaling that he will put the paused 25 percent duties on Mexico and Canada into effect that day because all three countries have failed to address fentanyl smuggling into the U.S. as he demanded a month ago. In a Feb. 27 post to his social network, Truth Social, Trump wrote, “Drugs are still pouring into our Country from...

Threatened 25 percent tariffs on imports from Canada and Mexico “are going forward” despite the two countries’ escalating efforts to convince the administration that they are addressing fentanyl smuggling and illegal immigration ahead of a March 4 deadline, President Trump said on Monday. “The tariffs are going forward, on time, on schedule,” Trump told a reporter who asked about ongoing talks with Canada and Mexico during his joint Feb. 24 press conference with French President Emmanuel Macron on the Ukraine...

President Trump on Friday directed the U.S. Trade Representative and the Treasury and Commerce secretaries to review trading partners’ digital policies that discriminate against American companies, such as digital services taxes and other regulations, and declared that the U.S. would respond to them with retaliatory measures, including tariffs. “My Administration will not allow American companies and workers and American economic and national security interests to be compromised by one-sided, anti-competitive policies and practices of foreign governments,” Trump said in an...