Is This the Beginning of Trade War?

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US Slaps Tariffs on Steel, Aluminum from EU, Canada, Mexico 

VOA News

The United States is escalating trans-Atlantic and North American trade tensions, imposing a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the European Union, Canada and Mexico beginning on June 1.

The U.S. also negotiated quotas or volume limits on other countries, such as South Korea, Argentina, Australia and Brazil, instead of tariffs, Commerce Secretary Wilbur Ross also told reporters by telephone.

Read the full article at:
https://www.voanews.com/a/us-to-impose-steel-aluminum-tariffs-on-eu-canada-mexico/4417727.html

Canada Hits Back at U.S. With Dollar-for-Dollar Tariffs

CBC News

Canada is countering the United States' move to slap punishing tariffs on steel and aluminum imports by imposing dollar-for-dollar tariffs of its own on everything from steel products to maple syrup.

Foreign Affairs Minister Chrystia Freeland said Canada is hitting back with duties of up to $16.6 billion on some steel and aluminum products and other goods from the U.S. — including beer kegs, whisky, toilet paper and "hair lacquers."

Read the full article at:
http://www.cbc.ca/news/politics/trump-steel-deadline-1.4685242

JUNE 2018

Vol. 12 - No. 11










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