Tariffs

U.S. Steel And Aluminum Tariffs Are 'Illegal,' EU Trade Commissioner Says

2:06pm June 01, 2018

by Bill Chappell

The European Union will take its case to the World Trade Organization. The U.S. tariffs are "pure protectionism," Europe's top trade commissioner said as the measures took effect on Friday.

Canadian Prime Minister Justin Trudeau (seen here with President Trump in October) on Thursday called the argument that U.S. steel import tariffs were necessary for national security reasons an "affront" to Canada.

EU, Canada And Mexico Threaten Tariffs To Retaliate Against U.S.

8:19pm May 31, 2018

by Yuki Noguchi

The Trump administration's latest move to impose tariffs on steel and aluminum imports from the U.S.'s biggest strategic and trade partners has touched off a barrage of criticism and retaliation.

President Trump talks with Japanese Prime Minister Shinzo Abe before dinner at Trump's private Mar-a-Lago club, in April in Palm Beach, Fla.

Abe: Japan 'Cannot Accept' New Tariffs On U.S. Auto Imports

5:02am May 31, 2018

by Scott Neuman

In remarks to the legislature, the prime minister said the possibility that the U.S. would raise the duty on auto imports from his country as high as 25 percent is "hard for Japan to understand."

A visitor to the 21st China Beijing International High-Tech Expo looks at a computer chip through a microscope. The White House said Tuesday that it will impose tariffs on $50 billion in imports from China containing "industrially significant technology."

White House Announces Tariffs, Trade Restrictions To Be Placed On China

2:45pm May 29, 2018

by Camila Domonoske

The Trump administration says it will impose a 25 percent tariff on $50 billion of Chinese goods with "industrially significant technology." A list of products will be released in the next few weeks.

Customers look at Tesla cars at a showroom in Hangzhou in China's eastern Zhejiang province on April 4. The cut in Chinese auto import tariffs could help Tesla, which has been looking to break into the Chinese market.

China Cuts Tariffs On Autos, Possibly Easing Trade Tensions With U.S.

3:19pm May 22, 2018

by Dustin Dwyer

China is cutting tariffs on vehicles from the U.S. and other countries after President Trump railed against the imbalance in trade tariffs. The cuts could help German automakers as well as Tesla.

A sign welcoming visitors to the Napa Valley along Highway 29 in Oakville, Calif.

California Winemakers Nervous About U.S.-China Trade Talks

1:34pm May 18, 2018

by Shia Levitt

China is one of the top export destinations for U.S. wine, but last month, in retaliation for U.S. tariffs on steel and aluminum, China imposed a tariff on U.S. wine and other food.

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Mary Buchzeiger, CEO of Lucerne International, says President Trump's proposed tariffs on imports could destroy her Michigan-based company, which supplies automakers with parts mostly made in China. This week, she presented her case for an exemption from

Small Business Owner Fears U.S.-China Trade War Will Destroy Her Company

11:27am May 18, 2018

by John Ydstie

Mary Buchzeiger's auto parts company may be fighting for its life if it doesn't get relief from Trump's proposed tariffs. "They're attacks on U.S. companies that are using Chinese goods," she says.

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Treasury Secretary Steven Mnuchin (center left) and Commerce Secretary Wilbur Ross (center right) walk through a hotel lobby as they head to a state guest house to meet Chinese officials in Beijing on Friday. The talks included a "thorough exchange of vie

U.S. Trade Team Leaves China Talks Without Any Big Breakthroughs

2:47pm May 04, 2018

by Bill Chappell

The U.S. team had hoped to cut the trade imbalance by $200 billion and stop China from targeting U.S. technology and intellectual property.

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Steelworkers leave a plant at the end of their shift in Bethlehem, Pa., in 1947. Employment in the industry has declined by 80 percent from its peak six decades ago, according to author Douglas Irwin.

Economy

Protection For The Steel Industry Is As Old As America

10:19am April 24, 2018

by John Ydstie

The U.S. steel industry has enjoyed protection from foreign competitors since the 1790s. It says new import tariffs are actually just leveling the playing field and shouldn't be labeled "protection."

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Cans are lined up at the Pacific Coast Producers plant in Oroville, Calif. The company, which cans fruits for sale in supermarkets, says new tariffs imposed by the Trump administration on steel imports will eat into its profits.

For One California Company, Trump's Tariffs Have Unintended Consequences

5:17pm April 19, 2018

by Jim Zarroli

The administration says the steel and aluminum tariffs will raise costs just slightly. But in a low-margin business like canned goods, a little extra cost can take a deep bite out of profits.

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