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President Donald Trump said Friday that a first round of tariffs on Canada, Mexico, and China will begin on his self-imposed deadline Feb. 1 but that some duties on oil and gas may be limited.
The tariffs are set to come into force on Tuesday after the new US president signed a trio of executive orders. He claimed the measures are designed to stop the flow of drugs and immigrants from ...
China is also targeting the US by imposing an additional 15 percent tariff on coal and natural gas. Feb. 6, 2025: Deadline for federal workers to accept buyout Federal employees have a limited ...
He believes the market could return 9%-12% in 2025, thanks largely to the strength of the US economy. The job market and economic growth are on solid footing, with the unemployment rate remaining ...
Trump had initially planned a 25% tariff on all goods from Canada and Mexico but cut the Canadian oil tariff in an effort to ease the impact on energy prices, the officials said.
The tariffs on Canada were also paused a short time later. Mr. Trump has also floated the possibility of additional tariffs, such as an across-the-board duty of 10% on all goods imported into the U.S.
Trump has said the tariffs will make up for lost revenue: He predicted last week in a keynote address to the annual meeting of the World Economic Forum that the tariffs would bring in hundreds of ...
The tariffs, which President Donald Trump imposed over the weekend and are set to officially begin Tuesday, would levy a 25% charge on imports from Canada, while China would be hit with a 10% tariff.