Latest in FirstFT: EU retaliates to US tariffs on steel and aluminium imports
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FirstFT: EU retaliates to US tariffs on steel and aluminium imports
Also in today’s newsletter, Ukraine agrees immediate 30-day ceasefire and Palantir boss becomes one of highest paid tech bossesFinancial Times - 9h -
EU retaliates after Trump’s steel and aluminium tariffs take effect
Countermeasures beginning in April will target up to €26bn of US goods, Brussels saysFinancial Times - 5h -
Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate – business live
Brussels countermeasures to target €26bn of US goods from April while UK takes ‘pragmatic’ approach; US tariffs cover wide range of household goods such as tin foil. Full story: Trump tariffs on ...The Guardian - 6h -
EU retaliates as Trump steel, aluminum tariffs take effect
The European Union (EU) retaliated swiftly with a two-step approach in response to President Trump’s fresh 25 percent tariffs on steel and aluminum that took effect Wednesday. First, the European ...The Hill - 7h -
Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates
The European Union announced countermeasures targeting the U.S. after President Donald Trump's 25% tariffs on steel and aluminum imports came into effect.CNBC - 13h -
Australia won't retaliate against 'unjustified' US tariffs on steel and aluminum
Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffsABC News - 14h -
President Trump defends economic policies as EU announces retaliation against U.S. tariffs
The European Union announced retaliatory measures on about $28 billion in U.S. industrial and agricultural goods in response to President Trump's 25% increase in tariffs on steel and aluminum ...CBS News - 7h -
Canada announces retaliatory tariffs on nearly $30bn worth of US imports
Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US imports. Canada announced retaliatory tariffs on nearly $30bn worth of American imports after ...The Guardian - 1h -
Trump 25% tariffs on steel and aluminum take effect, EU announces retaliation
Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.CBS News - 8h -
We 'must act': Europe retaliates against Trump's 25% tariffs on steel and aluminum imports
The European Union said it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods starting in April in response to the duties.CNBC - 3h -
Trump halts plan for 50% steel and aluminium tariffs on Canada
It comes after the Canadian province of Ontario said it would suspend a 25% surcharge on US-bound electricity.BBC News - 21h -
Trump backs down on 50% steel and aluminium tariffs on Canada
U-turn comes after province of Ontario removes surcharge for power exports to the US but 25% levies to still take effectFinancial Times - 23h -
Trump tariffs on steel and aluminum come into effect amid US-Canada trade war
European Commission announces countermeasures after sweeping US levies of 25% come into force without any exemptions. Donald Trump’s tariffs on steel and aluminum imports took effect on Wednesday ...The Guardian - 14h -
Starmer says he is ‘disappointed’ by US tariffs on UK steel
PM vows to ‘keep all options on table’ after EU hits back against Washington with retaliatory measuresFinancial Times - 6h -
25% tariffs on all steel and aluminum imports to U.S. take effect
President Trump's new 25% tariffs on all steel and aluminum imports have gone into effect after a second straight day of losses across all major U.S. stock markets. CBS News correspondent Natalie ...CBS News - 8h -
Canada cuts rates as trade war shakes consumer and business confidence
Reduction to 2.75% comes hours after US tariffs on aluminium and steel take effectFinancial Times - 4h -
Mar 12: CBS News 24/7, 1pm ET
Trump's 25% tariffs on steel and aluminum take effect, prompting EU and Canada to retaliate; NASA set to bring astronauts home after eight-day mission turned into nine months.CBS News - 29m -
Trump says he's doubling tariffs on Canadian steel and aluminum to 50%
President Trump said that he will impose even higher tariffs on Canadian steel and aluminum imports beginning on Wednesday.CBS News - 1d -
America's allies hit back as Trump administration imposes 25% tariffs on metals imports
The U.S. raised tariffs on steel and aluminum imports to 25% as President Trump digs in on trade policies that have rocked financial markets.NBC News - 1d -
Europe Retaliates Against Trump’s Tariffs as Trade Fight Widens
The European Union responded to American steel and aluminum tariffs with its own tariffs on boats and bourbon — and pledges of more to come.The New York Times - 6h -
Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades
Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out. Follow our Australia news live blog for latest updates Get our ...The Guardian - 1d -
The unlikely winners from Trump’s steel tariffs
Measures designed to protect the struggling US steel industry could also help a cohort of global producersFinancial Times - 15h -
Europe, Canada retaliate as Trump tariffs on metals take effect
Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."ABC News - 4h -
Starmer says 'all options on table' on US tariffs
Canada and the EU have announced retaliatory tariffs but UK will take a "pragmatic" approach, the prime minister said.BBC News - 1h -
Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.The New York Times - 11h -
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods
Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration's steel and aluminum duties.CNBC - 39m -
Japan seeks tariff reprieve after Trump questions long-standing defence pact
Trade minister to pitch ‘win-win’ solutions in Washington as deadline looms for steel and aluminium dutiesFinancial Times - 3d -
Ontario says it will slap a 25% surcharge on US-bound electricity
The move is in retaliation to Trump's tariff threats on Canada, and is expected to raise energy costs for 1.5 million US homes.BBC News - 2d -
Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor
President Donald Trump also declared that if Canada does not lift other tariffs on the U.S., he will "substantially increase" auto import tariffs next month.CNBC - 22h -
Chainsaws, coffeemakers, gum: How the E.U. is targeting U.S. products with retaliatory tariffs
The European Union is planning new tariffs on a wide range of U.S. imports next month in response to President Donald Trump’s new taxes on imported aluminum and steel that went into effect Wednesday.MarketWatch - 3h -
Starmer will not impose immediate UK counter-tariffs to US steel levies
PM to take a ‘cool-headed’ approach as he tries to steer clear of transatlantic trade warFinancial Times - 1d -
China imposes retaliatory tariffs on Canadian farm and food products
China has announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum productsABC News - 4d -
Trump doubles tariffs on Canadian steel and aluminum; floats 51st state again
Trump adds another 25% to tariff on Canadian steel and aluminum as the trade war between the countries continues to escalate.ABC News - 1d -
FirstFT: ‘it feels nasty’ — US stock markets suffer heavy falls
Also in today’s newsletter, US-backed miner seeks to develop Ukraine lithium site and OpenAI forges near-$12bn contract with CoreWeaveFinancial Times - 1d -
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats
Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil. Trump on Tuesday threatened to double tariffs on ...The Hill - 20h -
Trump retreats from 50% tariffs on Canadian metals. Here’s what comes next.
President Donald Trump on Tuesday backed off a 50% tariff on imports of Canadian steel and aluminum, ratcheting down a threat against a major U.S. trading partner on another day of whiplash for ...MarketWatch - 19h -
Explaining the stock market uncertainty amid tariff back-and-forths with Canada
Economic uncertainty looms over Wall Street after a back-and-forth between the U.S. and Canada on tariffs. On Wednesday, the U.S. will impose 25% tariffs on all steel and aluminum imports. CBS ...CBS News - 20h -
Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.The New York Times - 2d -
Canada will level $20B in tariffs in response to Trump moves on steel, aluminum
Canada is expected to impose $20.7 billion in retaliatory tariffs after President Trump decided to enforce a 25 percent tariff on steel and aluminum, which went into effect Wednesday. ...The Hill - 5h -
Trump raises Canada tariffs to 50% after Ontario threatens electricity surcharge
President Donald Trump said he will double the tariffs imposed on steel and aluminum imported from Canada after the province of Ontario announced surcharges on electricity going into New York, ...NBC News - 1d