Tariffs News Updates

The meetings between the two sides are also likely to result in an agreement to lower duties on Chinese inputs for manufacturers. 

Canada is “not going to slow down” on its efforts to expand trade with other countries, said Carney, who has invited the world’s leading money managers to Toronto for the Canada Investment Summit. 

“We have a couple of sites, so I hope we make a decision pretty soon,” CEO Karin Radstrom said Sept. 13 at an event preceding the IAA Transportation conference.

Irish whiskey currently faces the standard tariff imposed by Trump on most imports from the European Union, which was reduced from 15% to 10% in July.

Conagra, Campbell’s and Clorox announced or signaled price increases as inflation, tariffs and higher input costs pressure margins.

The armed conflicts, trade wars and extreme weather events hammering maritime supply chains are signs of a “structural shift” for global trade.

The ban will take effect Sept. 29 and comes after retaliatory tariffs promised by Canada kicked in earlier Sept. 8 on $20 billion in U.S. imports.

American retailers and manufacturers are getting relief from President Trump’s tariffs. But for some of the hardest hit companies, the benefits pale in comparison with the losses.

Prime Minister Mark Carney’s government increased the import tax on many U.S. steel items to 50% from 25%, and applied tariffs to a range of consumer goods.

Among provinces, Ontario and Quebec face the largest impact from the escalation of the trade war because of their concentration of affected manufacturers.