Temporary exemptions done; Trump administration imposes steel  and aluminum tariffs on EU, Canada, and Mexico

Temporary exemptions done; Trump administration imposes steel and aluminum tariffs on EU, Canada, and Mexico

Just hours before temporary exemptions on steel and aluminum imports from the European Union, Canada and Mexico were due to expire at 12:01 a.m. on Friday, the Trump administration has imposed the 25% and 10% tariffs on those imports originally announced in March. Those countries and other U.S. allies and trading partners had been granted temporary exemptions from the tariffs.

Did the Trump-China trade war get hotter over night?

Did the Trump-China trade war get hotter over night?

Yesterday the director of Beijing’s National Development and Reform Commission’s price supervision bureau told the state-run China Daily that its investigators had found evidence that a U.S. carmaker has been telling its dealers to fix prices since 2014. Accusations like this can end in sizable fines and other penalties. You think that it’s just a coincidence that this charge comes after President-elect Donald Trump has ramped up his rhetoric about branding China a currency manipulator?