The United States has imposed a new 35% tariff on most Canadian imports, effective immediately, after President Trump signed an executive order citing concerns over drug trafficking and Canada's retaliatory trade actions.While goods that qualify under the Canada–U.S.–Mexico Agreement (CUSMA) may be exempt, the full list of affected products is not yet clear. The move adds a new layer of…
As the Trade War Intensifies, Canadian Manufacturers Face Uncertainty and Delayed Investments, Highlights Canadian Manufacturing Magazine. Many are calling on the Canadian government for support in opening new trade corridors, reducing barriers within the country, and reconsidering reciprocal tariffs that are targeting the U.S.Ron Harper, CEO of JFE Shoji Power Canada, stressed the importance of…
Farmers in North and South Dakota say U.S.-imposed tariffs on Canadian imports are having a serious impact on their operations. Though Canada was exempt from the latest round of tariffs announced by President Trump, earlier ones — like the 25% duty on certain goods — remain in effect.Doug Sombke, president of the South Dakota Farmers Union, says the tariffs are driving up costs for key inputs,…
Italy strengthens its alliance with Mexico for 2025, combining trade strategy and gastronomic diplomacy in the face of Trump's new tariffs.Faced with the return of former President Donald Trump to the center of the U.S. political stage and the threat of 20% tariffs on European products, the Italian government has decided to make a move: Mexico has been officially declared one of the 14 strategic…
US President Donald Trump announced that tariffs on Canada and Mexico, which had been on hold for nearly a month, will be implemented on March 4, according to a Truth Social post on Thursday. He also revealed that an additional 10% tariff on Chinese imports will take effect the same day.The announcement followed a press briefing where Trump hinted at imposing 25% duties on vehicles and other…
Recent changes in trade policy have disrupted a market that had been steadily recovering from pandemic-related supply chain issues. Manufacturers had cleared backlogs, and auctions were thriving, offering a semblance of predictability—until new tariffs entered the scene.China’s 10% tariff on U.S. farm equipment is set to increase costs for American farmers. This move not only affects complete…
Scott Garvey from Glacier FarmMedia reports that Agricultural equipment dealers across North America are navigating a turbulent period marked by rising uncertainty surrounding potential tariffs on trade with key partners. This uncertainty is leaving manufacturers and dealers alike in a precarious position, especially as they face the combined pressures of low commodity prices, high inventories,…