tariff

According to a Reuters report, sources say that the United States and Canada are working to reach an agreement to ease U.S. tariffs on Canadian steel and automobile imports.

The White House announced that Trump further adjusted the scope of tariffs on Canadian products imposed under Section 338 of the Tariff Act of 1930.

Market news reports that U.S. President Trump is expected to cancel some tariffs on Canada.

In an executive order, U.S. President Trump stated that, effective immediately, certain sanctions, restrictions, and tariffs specified in the "Graham Sanctions on Russia and Iran Act" are waived.

As Trump's tariff policy restricts foreign steel supplies, U.S. steel prices have risen to their highest level in over four years, with hot-rolled coil prices increasing by 52%, reaching $1,255 per short ton. This move has boosted the profits of domestic steel producers but raised costs for manufacturers.

According to the Wall Street Journal, sources say that U.S. Secretary of Commerce Gina Raimondo opposes significant cuts to tariffs on automobiles, steel, and aluminum products from Mexico, causing negotiations for the U.S.-Mexico tariff agreement to stall.

The Federal Reserve meeting minutes show that several officials indicated that the possibility of further increasing tariffs poses a risk of rising inflation.

Indian Trade Minister Piyush Goyal stated that India is studying the specific details of the tariffs imposed by the United States on Russian oil buyers. Previously, the U.S. House of Representatives passed a bill authorizing the president to impose punitive tariffs of up to 100% on India and other countries.

The U.S. Congress passed a bill authorizing President Trump to impose tariffs on countries purchasing Russian oil products. Foreign Ministry spokesperson Guo Jiakun stated that China conducts economic and trade cooperation on the basis of equality and mutual benefit, opposing extraterritorial jurisdiction not authorized by the United Nations Security Council.

U.S. President Trump stated that if the European Union considers Canada as an observer country, it would be seen as a hostile act, and the U.S. may impose high tariffs on Europe.

The President of the United States, Donald Trump, signed a notice announcing the adjustment of the scope of the 50% additional tariff on certain products from Canada.The new tariff scope will take effect on September 15, with specific products subject to the notice list.

The White House announced that a 50% ad valorem tariff will be imposed on certain products imported from Canada to the United States.

According to informed sources, U.S. Secretary of Commerce Gina Raimondo is expected to meet with Mexican President Andrés Manuel López Obrador and Mexican Secretary of Economy Raquel Buenrostro on Wednesday local time to discuss trade issues such as tariffs imposed by the U.S. on Mexican automotive and metal products.

U.S. Secretary of Commerce Gina Raimondo said on Wednesday that the Trump administration is considering a new round of import tariffs on semiconductors, which could further increase taxes on foreign chips to attract more semiconductor manufacturing to the United States.However, these tariffs may be implemented alongside tax relief measures for investments in domestic manufacturing companies, following the approach previously taken by the Trump administration in the pharmaceutical industry.Raimondo stated, "This is the principle that the semiconductor industry should follow: If you produce in the U.S., we will give you tariff relief; if you do not produce in the U.S., you will pay tariffs. This is a very wise approach and it works."Trump had previously imposed a 25% tariff on some advanced semiconductors and ordered additional import tariffs on these chips in January of this year after the U.S. Department of Commerce completed relevant trade investigations. However, the scope of the new round of tariffs may expand from semiconductors themselves to products containing chips, thereby affecting imports of data center servers and consumer electronics.

U.S. Republican Senator Bernie Moreno from Ohio urged the U.S. Trade Representative to consider imposing tariffs on South Korea due to its treatment of the American e-commerce company "Coolpeng." Moreno pointed out in his letter that Seoul takes hostile actions against foreign companies, including heavy compliance requirements and biased regulatory enforcement, and requested an investigation under Section 301 of the Trade Act of 1974. South Korea denies discriminating against Coolpeng compared to domestic companies.

According to Politico, the United States is considering expanding the scope of tariffs to include laptops and servers.

According to eight people familiar with the discussions, despite warnings from tech companies that this move could affect the United States' dominance in the field of artificial intelligence, the Trump administration is still considering imposing a new round of comprehensive tariffs on semiconductors.

After the trade negotiations between Canada and the United States broke down, negative sentiment among Canadians towards the U.S. has intensified, and the movement to boycott American goods has resurfaced. The U.S. imposed a 50% tariff on $20 billion worth of Canadian goods, and Canada announced that it would impose equivalent retaliatory tariffs on the U.S. starting September 8.Surveys show that 52% of Canadians are unlikely to buy American cars, 60% will not buy American alcohol, and over 70% will not buy American eggs and dairy products.

The Ministry of Commerce responds to the U.S. considering an additional 7.5% tariff on China.

Canada imposes tariffs of 15% to 50% on approximately $20 billion worth of U.S. goods; Canada will raise tariffs on U.S. steel products from 25% to 50%.The Canadian government stated that starting from September 8, it will impose counter-tariffs of 15%, 25%, or 50% on approximately 700 products.