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25.08.26 - 21:42
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US-Canada Cosmetic Tariffs Threaten the $10 Beauty Impulse Buy (Bloomberg)
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In between offering advice on how to find the best towels and where to buy affordable versions of high-end garments, Bryce Gruber recently waded into the US-Canada trade war, warning her social-media followers that some of their favorite makeup is about to get more expensive....
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25.08.26 - 19:06
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Canada announces retaliatory tariffs on wide range of US goods (The Guardian)
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Ottawa's 'focused response' to levies imposed by Donald Trump on Canadian products comes after trade talks collapsed last weekUS politics live – latest updatesCanada has announced it will impose tariffs on a wide range of key American industries including cosmetics, dairy, wood products and outdoor equipment in the coming weeks, as it retaliates roughly “dollar for dollar” against levies imposed by the US.In a strong Canadian countermove to tariffs levied by Donald Trump, which took effect on Saturday after trade talks collapsed the day before, Canada's finance and industry ministers on Tuesday called the measure a “focused response” to what they see as unfair trade practices. Continue reading......
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25.08.26 - 18:39
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Canada Retaliates, Slaps $20 Billion In Tariffs On 700 US Goods (ZeroHedge)
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Canada Retaliates, Slaps $20 Billion In Tariffs On 700 US Goods
Days after the US hit Canada with a 50% tariff on $20 billion worth of Canadian goods amid a collapse in trade talks - and a Monday threat to include cars, trucks, auto parts and steel, Canada hit back on Tuesday - announcing retaliatory tariffs as high as 50% on $20 billion worth of American products.
Canada will begin collecting tariffs of 50, 25, and 15 percent on roughly 700 products beginning on Sept. 8. Most notably is the doubling of tariffs on American steel and aluminum to 50%. In addition to tit-for-tat tariffs on things like tools, clothing and forestry products, Canada is also targeting consumer products like home appliances.
The retaliation was expected following warnings by Prime Minister Mark Carney - a former central banker, who said that Canada would match US tariffs "dollar for dollar," though he admitted that the move "will raise costs and reduce choice for Canadians," NYT reports.
O...
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25.08.26 - 18:01
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Canada announces ′dollar for dollar, rate for rate′ retaliatory tariffs on US (The Hill)
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Canada announced retaliatory tariffs on hundreds of American products as high as 50 percent Tuesday, just days after the collapse of negotiations between the two countries. Canadian Finance Minister Francois-Philippe Champage said Canada will match the U.S.'s tariffs “dollar for dollar, rate for rate.” The tariffs would take effect on Sept. 8. He said the......
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