Tag Archives: import taxes

US President Donald Trump on Thursday announced a new trade agreement with the United Kingdom, marking the first deal since his global tariffs were introduced. The agreement is seen as a major political boost for UK Prime Minister Keir Starmer.Trump announced this development one month after implementing extensive tariffs on US trading partners on his April 2 “Liberation Day”Trump took …

Donald Trump (File photo -AP) US President Donald Trump has dubbed this Wednesday as “Liberation Day,” promising to unveil a new round of tariffs aimed at freeing the United States from reliance on foreign goods. While the details remain vague, the stakes are high for American families, businesses, and the global economy.What’s in store with Trump’s new tariffs?Trump plans to …

Canada has launched a trade war against its closest ally, the United States, with Prime Minister Justin Trudeau announcing 25% retaliatory tariffs on $155 billion worth of American goods in response to President Donald Trump’s new import taxes. Trump signed an emergency order imposing 25% tariffs on most Canadian imports and 10% levies on Canadian energy, effective February 4 at …