
Tag Archives steel

U.S. won’t levy new tariffs on Brazil, Trump tells Bolsonaro
Sao Paulo | Reuters — Brazilian President Jair Bolsonaro said on Friday that U.S. President Donald Trump told him in a phone conversation that his administration will not levy new tariffs on Brazilian steel and aluminum as threatened earlier this month. “I had a phone conversation a few moments ago with Donald Trump. … He

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina
Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary

Canada vows ‘full steam ahead’ on ratifying trade pact
Ottawa | Reuters — Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. U.S. President Donald Trump had imposed the global “Section 232” tariffs of 25 per cent on steel and

Canada gearing up to slap more tariffs on U.S. imports
Canada will update its list of U.S. imports, including farm products, on which it will place tariffs in retaliation to U.S. tariffs on imported Canadian steel and aluminum, David MacNaughton, Canada’s ambassador to the United States, said Monday. “The intention… is not to escalate anything but simply to do what we said we’d do —

Amid trade uncertainties, Linamar builds up ag unit
CNS Canada — When Linamar announced it was purchasing MacDon Industries at the end of last year, there was trade uncertainty for Canada. Since then, the issues have ballooned, but Linamar isn’t panicking. “We’re trying to look past (the trade uncertainty) a little bit because there’s a lot going on there and we don’t know

With maple syrup tariff, Canada-U.S. trade dispute spills beyond metals
Toronto | Reuters — Canada’s retaliation against U.S. President Donald Trump’s steel and aluminum tariffs includes proposed duties on U.S. maple syrup, a nod to a national symbol and a powerful industry in Quebec that could hurt producers in Maine. While small in dollar value, the tariff shows how Canada’s retaliation has turned a dispute

Canada to impose tariffs on U.S., challenge at WTO
Reuters — Canada will impose retaliatory tariffs on $16.6 billion worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are set to go into effect on July 1 and

Deere plans price increases to offset rising costs
Chicago | Reuters — Shares of Deere and Co. soared Friday after the U.S. tractor maker revised up its full-year earnings estimate on stronger equipment demand and shared its plans to increase prices to offset increased costs. The company’s stock was up 6.4 per cent at $156.24 in early afternoon trading on the New York

China slaps tariffs on U.S. frozen pork, wine
Beijing | Reuters — China has slapped extra tariffs of up to 25 per cent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The tariffs, to take effect on Monday, were

Agriculture manufacturers on edge over trade
The nearly $2-billion-a-year industry lives and dies on trade and uncertainty is making it nervous
With Canada in the midst of numerous free trade agreement negotiations, the Canadian agricultural manufacturing industry is feeling on edge. While the future of some trade deals for Canada is bright, others aren’t looking so good. “The lack of clarity around NAFTA is the big issue at the moment. It’s got a lot of people,
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