Welcome to our Blog on Global Trade Issues!
18:01
Canada Imposes 25% Tariffs on US Cars Excluded from Trade Agreement
Canadian Prime Minister Mark Carney has announced a 25% tariff on American cars not included in the trade agreement between the United States, Mexico, and Canada.
18:00
US Commerce Secretary Affirms Trump Will Not Back Down on Tariffs
The US Commerce Secretary has assured that Donald Trump will “not back down” on tariffs. In an interview with CNN, Howard Lutnick stated that the president is “very determined.”
16:54
Macron Calls Tariffs Decision ‘Brutal and Unfounded’, Proposes Halting Investments in the US
Emmanuel Macron has described the tariffs as a “brutal and unfounded decision,” calling it a shock to international trade. During a meeting at the Elysee Palace with representatives from export sectors and entrepreneurship, the French president denounced Donald Trump’s “brutal and unfounded” decision to increase tariffs on imported products in the United States.
Macron urged French entrepreneurs in the sectors affected by the tariffs to “suspend investments in the United States” until “further clarification” is provided. During the meeting at the Elysee, Macron added that “nothing is ruled out” in France and the European Union’s response to American tariffs.
16:33
Mexico Pleased, No Tariffs ‘Good for Us’
Mexican President Claudia Sheinbaum stated that the decision by her American counterpart Donald Trump not to impose reciprocal tariffs with Mexico is “good” for her country. “It’s good for Mexico,” said the Head of State at a press conference, clarifying that this decision is due to the “good relationship” her government has built with the American administration.
Sheinbaum celebrated Mexico’s exemption from the reciprocal tariffs announced yesterday by US President Donald Trump and the confirmation of the validity of the United States-Mexico-Canada Agreement (USMCA).
16:25
Vance: ‘Time Needed to See Effects of Tariffs’
Tariffs are “necessary” to correct trade imbalances, but it will take time to see their effects. This was stated by Vice President JD Vance in an interview with Fox. Without hiding the fact that Americans could potentially bear the brunt of the tariff effects in the short term, Vance defended the government’s action: “We need a big change. We cannot continue to follow Biden’s globalist path.”
14:42
Trump: ‘US Will Be Stronger and Greater Than Ever’
“The intervention is over! The patient has survived and is healing, the prognosis is that the patient will be much stronger, greater, better, and more resilient than ever before. Let’s make America great again!!!” This was written by Donald Trump on Truth following the announcement of a new wave of tariffs that is causing upheaval in the markets.