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#Tariff

22 posts20 participants4 posts today

How's the world reacting to U.S. President Donald Trump's one-man #tariff offensive? In the debut episode of #GlobalQ, Xinhua's Simon Robinson looks at how Washington's attempts to reshape the global trade landscape may end up creating the very multipolarity it seeks to prevent.

China supports solar, wind and EVs, producing vast quantities of needed new energy. Canada says such support undercuts EV production in Canada, so it has a 100% tariff on Chinese EVs.

Canada could instead support the local production of wind, solar and EVs.

Because Canada is burning.🔥
And Trump attacking our jobs.🇨🇦

AND ____

This explains why 🇨🇦 Canola just got a 78% tariff from China.

globalnews.ca/news/11331101/ch

Continued thread

The July data, which was released by #BLS, provides a clear sign that businesses are more readily passing along #tariff-related #costs to the #consumer after a prolonged period in which price gains were muted.

US companies that import products have largely been able to hold off on raising prices despite a universal 10% tariff that has been in place on all imports since April, along with higher levies on steel, aluminum & products from China & Canada.

"We need toasts, not tariffs." A coalition of U.S. alcohol industry groups has sent a letter to #Trump, warning that a 15% #tariff on EU wine and spirits could result in more than 25,000 American job losses and nearly 2 billion U.S. dollars in lost sales.

🇨🇦 American orange juice exports to Canada get squeezed

"In June, orange juice shipments to Canada cratered to their lowest level in more than two decades, trade data released by the U.S. Census Bureau on Tuesday show."

" Canadians seem content to buy anything-but-American in the juice aisle."

#BoycottUSA #Canada #Tariff
#USA
theglobeandmail.com/business/a

free article archive.is/HYWBJ#selection-306

The Globe and Mail · American orange juice exports to Canada get squeezedBy Jason Kirby

#tariff drama, uncertainty

Japanese officials believed they had secured a deal that would set a standard tariff rate of 15 percent for all of its products shipped to the United States.

In a July 31 executive order Japan, along with other trade partners, was issued a new tariff rate that would be “stacked” on top of existing ones. In Japan’s case, that raised tariffs on items such as its beef exports to the United States from 26.4 percent to 41.4 percent.

nytimes.com/2025/08/08/busines

New vehicles at Daikoku Pier in Yokohama, Japan.
The New York Times · Japan Says Trump to Correct ‘Extremely Regrettable’ Error in Tariff OrderBy River Akira Davis

Global companies that have reported earnings so far this quarter are looking at a hit of around 15 billion U.S. dollars to profits in 2025, revealing further pain from U.S. #tariff policy. Rising costs and weaker demand are affecting companies.