Chinese tariffs on U.S. products including LNG, coal and agricultural equipment are set to be imposed Monday, in response to Trump’s 10 percent blanket levy.

China and the U.S. escalate trade tensions with retaliatory tariffs and new steel and aluminum tariffs, signaling a shift towards protectionism.

President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up of trade policy.

Could some Canadian and Southwestern Ontario businesses benefit from U.S. tariffs? Not really, experts say.

According to President Sheinbaum, Mexico has cut a deal with the U.S. to delay the tariffs. Under the deal, she said Mexico is sending another 10,000 members of its national guard to the southern border to combat drug traffickers, while the U.S. has agreed to do more to prevent the trafficking of high-powered weapons to Mexico.

Amid warnings of price increases, Canada moved quickly to retaliate, China said it had planned countermeasures and Mexico said it would soon unveil its response.

The U.S. and Canada are sparring over trade policy. The fact that the two countries are close allies makes the fracas seem all the more nasty. Thankfully, the adversaries agreed to retreat to their respective corners for 30 days,

President Trump announced potentially crippling tariffs against Canada, only to suspend them for 30 days. What will satisfy him remains unknown.

Washington: President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.