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Impact of tariffs on U.S. imports, the economy and the transportation industry
If the Trump administration implements tariffs on Mexico and Canada, more than 50% of U.S. imports by volume would be affected. When he took office in January, President Donald Trump initiated a trade dispute with Mexico and Canada by announcing that he would impose a 25% tariff on imports from these countries starting February 1. […]
China retaliates against U.S. tariffs with new import duties
The Chinese government announced the imposition of tariffs on products such as coal and liquefied natural gas, crude oil, agricultural machinery, and large-cylinder automobiles. China has responded to the broad tariffs imposed by President Donald Trump. On February 4, China announced that it plans to impose tariffs on selected U.S. imports. Additionally, the Chinese government […]
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