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		<title>Trump Doubles Steel and Aluminum Tariffs to 50% to Protect U.S. Industry</title>
		<link>https://journosnews.com/trump-doubles-steel-and-aluminum-tariffs-to-50-to-protect-u-s-industry/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Sat, 31 May 2025 04:31:20 +0000</pubDate>
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		<guid isPermaLink="false">https://journosnews.com/?p=13146</guid>

					<description><![CDATA[<p>WEST MIFFLIN, Pa. — President Donald Trump made headlines Friday by announcing he will double tariffs on imported steel and aluminum to 50%, a sharp increase aimed at protecting American steelworkers and boosting domestic production. The move, set to take effect next Wednesday, could raise prices for steel—a critical material used in everything from cars [&#8230;]</p>
<p>The post <a href="https://journosnews.com/trump-doubles-steel-and-aluminum-tariffs-to-50-to-protect-u-s-industry/">Trump Doubles Steel and Aluminum Tariffs to 50% to Protect U.S. Industry</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>WEST MIFFLIN, Pa. — President Donald Trump made headlines Friday by announcing he will double tariffs on imported steel and aluminum to 50%, a sharp increase aimed at protecting American steelworkers and boosting domestic production. The move, set to take effect next Wednesday, could raise prices for steel—a critical material used in everything from cars to housing.</p>
<p>Speaking at U.S. Steel’s Mon Valley Works plant near Pittsburgh, Trump emphasized the importance of keeping the American steel industry strong. “You’re going to stay an American company, you know that, right?” he told the crowd of steelworkers.</p>
<h3>A Deal With Nippon Steel: Keeping U.S. Steel American?</h3>
<p>Trump also addressed a developing deal involving Japanese steel giant Nippon Steel, which plans to invest heavily in U.S. Steel. Initially, Trump had threatened to block Nippon’s bid to buy Pittsburgh-based U.S. Steel outright. But last week, he surprised many by announcing an agreement that would allow “partial ownership” by Nippon while keeping the company American in spirit and control.</p>
<p>“I still have to approve the final deal,” Trump told reporters after returning to Washington. “We haven’t seen that final deal yet, but they’ve made a very big commitment and it’s a very big investment.”</p>
<p>Details remain murky. Nippon Steel has never publicly backed down from its original plan to buy U.S. Steel fully, but in recent negotiations, it pledged billions in investments and promised not to lay off workers or close plants—a key concern for union members and local communities.</p>
<h3>Union Concerns and Worker Perspectives</h3>
<p>The United Steelworkers union remains cautious. Its president, David McCall, voiced worries about national security and the impact on steelworkers’ jobs if a foreign competitor gains control of the company.</p>
<p>Still, on the ground, opinions among steelworkers are mixed but leaning toward cautious optimism. Clifford Hammonds, who works at the plant where Trump spoke, said the promised investment is badly needed. “This plant is old, it’s falling apart,” Hammonds said. “We need money to fix machines and increase production.”</p>
<h3>Tariffs and Market Impact</h3>
<p>Steel prices in the U.S. have already climbed about 16% since Trump’s presidency began, according to government data. The current cost—around $984 per metric ton—is notably higher than prices in Europe or China.</p>
<p>Trump believes that raising tariffs further will “secure the steel industry in the U.S.” and help American workers compete with foreign producers. However, critics warn that higher tariffs could drive up costs for manufacturers and consumers.</p>
<h3>The Bigger Picture: Manufacturing, Politics, and the Future</h3>
<p>Trump’s focus on U.S. Steel fits into his broader agenda to revive American manufacturing and energize blue-collar voters who helped deliver his return to the White House. The fate of this iconic company has political implications, especially in Pennsylvania—a key swing state with a deep industrial history.</p>
<p>State and federal officials say the proposed Nippon Steel deal includes plans to invest billions into steel plants across several states, with governance largely in American hands and protected by a “golden share” veto held by the U.S. government.</p>
<p>Jason Zugai, a vice president of the local steelworkers union, praised the deal onstage with Trump. Having seen the industry decline over decades, Zugai called Nippon’s $14 billion investment “life-changing” and expressed confidence that Trump would protect workers’ interests.</p>
<h3>Trump’s Closing Message to Steelworkers</h3>
<p>Ending his remarks, Trump thanked the steelworkers and laid out a vision of American self-reliance and strength:</p>
<p>“With the help of patriots like you, we’re going to produce our own metal, unleash our own energy, secure our own future, build our country, control our destiny,” he said. “We are once again going to put Pennsylvania steel into the backbone of America like never before.”</p>
<p><em>Source: AP News &#8211; <a href="https://apnews.com/article/trump-us-steel-nippon-pennsylvania-7d8a252934abef553ca9ea7e9e8febc2">Trump tells US steelworkers he’s going to double tariffs on foreign steel to 50%</a></em></p>
<p>The post <a href="https://journosnews.com/trump-doubles-steel-and-aluminum-tariffs-to-50-to-protect-u-s-industry/">Trump Doubles Steel and Aluminum Tariffs to 50% to Protect U.S. Industry</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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		<title>Trump Tells Walmart to Absorb Tariff Costs, Not Raise Prices</title>
		<link>https://journosnews.com/trump-tells-walmart-to-absorb-tariff-costs-not-raise-prices/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Sun, 18 May 2025 04:09:28 +0000</pubDate>
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		<guid isPermaLink="false">https://journosnews.com/?p=12492</guid>

					<description><![CDATA[<p>WASHINGTON — President Donald Trump fired off a sharp warning to Walmart on Saturday, urging the retail giant to swallow the costs caused by his tariffs rather than passing those expenses onto shoppers. As Trump has raised import taxes, he insists that foreign producers and big retailers like Walmart should bear the burden, not consumers. [&#8230;]</p>
<p>The post <a href="https://journosnews.com/trump-tells-walmart-to-absorb-tariff-costs-not-raise-prices/">Trump Tells Walmart to Absorb Tariff Costs, Not Raise Prices</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>WASHINGTON — President Donald Trump fired off a sharp warning to Walmart on Saturday, urging the retail giant to swallow the costs caused by his tariffs rather than passing those expenses onto shoppers.</p>
<p>As Trump has raised import taxes, he insists that foreign producers and big retailers like Walmart should bear the burden, not consumers. However, many economists remain skeptical, warning that these tariffs are fueling inflation and will ultimately drive up prices for everyday goods. Walmart itself recently warned that items ranging from bananas to children’s car seats could see significant price hikes.</p>
<p>In a pointed post on his social media platform, Truth Social, Trump called out Walmart, which employs 1.6 million people across the U.S., for trying to shift blame onto tariffs for raising prices.</p>
<p>“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote. “Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”</p>
<p>This message highlights the difficult balancing act many American companies face under Trump’s trade policies — caught between rising costs, worried customers, and the president’s public rebukes. Trump has issued similar warnings to U.S. automakers, demanding they avoid passing tariff-related costs onto consumers despite higher production expenses.</p>
<p>The tariffs have cast a shadow over an otherwise steady U.S. economy. On Friday, the University of Michigan’s consumer sentiment survey hit its second-lowest level on record, with about 75% of participants spontaneously mentioning tariffs as a key concern driving expectations of rising inflation.</p>
<p>Walmart CEO Doug McMillon met with Trump in April to discuss the tariffs, but the administration has pressed ahead with its policies. Meanwhile, companies like Amazon and Apple have also faced challenges from supply chain disruptions tied to the tariffs.</p>
<p>John David Rainey, Walmart’s chief financial officer, recently warned that a $350 car seat imported from China could soon cost shoppers an additional $100 — a 29% increase.</p>
<p>“We’re wired to keep prices low, but there’s a limit to what we can bear, or any retailer for that matter,” Rainey told The Associated Press after Walmart reported strong first-quarter sales.</p>
<p>In a recent move, the administration reduced a steep 145% tariff on some Chinese goods to 30% for 90 days. But Trump has also slapped tariffs as high as 25% on imports from Mexico and Canada over immigration and drug trafficking concerns, straining relations with the country’s two biggest trading partners.</p>
<p>Currently, most countries face a baseline 10% tariff, with Trump promising new trade deals in the coming weeks. He intends to keep tariffs as a steady revenue source, including a deal with the United Kingdom that would largely maintain the 10% rate.</p>
<p>Beyond goods, tariffs also target autos, steel, aluminum, and potentially pharmaceutical drugs, creating uncertainty across the economy. Federal Reserve Chair Jerome Powell has kept interest rates steady, citing the unpredictable impact of tariffs on growth and prices.</p>
<p>On Saturday, Trump once again urged Powell to cut rates — a move that could further boost inflation — while insisting that inflation pressures are fading.</p>
<p>“Too Late Powell, a man legendary for being Too Late, will probably blow it again &#8211; But who knows???” Trump posted on Truth Social.</p>
<p><em>Source: AP News &#8211; <a href="https://apnews.com/article/trump-tariffs-walmart-inflation-import-taxes-e2012e0d9e242b0be0b9474aa58d41fd">Trump warns Walmart: Don’t raise prices due to my tariffs but do eat the costs from those taxes</a></em></p>
<p>The post <a href="https://journosnews.com/trump-tells-walmart-to-absorb-tariff-costs-not-raise-prices/">Trump Tells Walmart to Absorb Tariff Costs, Not Raise Prices</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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		<title>What the New UK-US Tariff Deal Could Mean for Cars, Steel, and Tech</title>
		<link>https://journosnews.com/what-the-new-uk-us-tariff-deal-could-mean-for-cars-steel-and-tech/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Thu, 08 May 2025 11:46:42 +0000</pubDate>
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		<guid isPermaLink="false">https://journosnews.com/?p=12217</guid>

					<description><![CDATA[<p>The United States and the United Kingdom are set to announce a new tariff agreement—one that could offer key relief to UK exporters, but falls short of a full-fledged trade deal. While President Trump has hyped the upcoming announcement as a “major trade deal,” the reality is more modest. Here’s a breakdown of what to [&#8230;]</p>
<p>The post <a href="https://journosnews.com/what-the-new-uk-us-tariff-deal-could-mean-for-cars-steel-and-tech/">What the New UK-US Tariff Deal Could Mean for Cars, Steel, and Tech</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The United States and the United Kingdom are set to announce a new tariff agreement—one that could offer key relief to UK exporters, but falls short of a full-fledged trade deal.</p>
<p>While President Trump has hyped the upcoming announcement as a “major trade deal,” the reality is more modest. Here’s a breakdown of what to expect—and what it means for both sides.</p>
<h4>Not a Trade Deal—But Still Significant</h4>
<p>Despite the fanfare, this isn’t a comprehensive trade agreement. President Trump doesn’t have the authority to sign one without congressional approval. What’s coming instead is a limited pact focused on reducing or exempting specific tariffs.</p>
<p>The goal? A quick-win agreement before the 90-day pause on Trump’s original tariffs expires. So don’t expect sweeping changes—at least not yet.</p>
<h4>A Narrow, Short-Term Arrangement</h4>
<p>This deal is likely to be a bare-bones framework. Officials expect it to be short-term and narrowly focused on key industries rather than a broad overhaul.</p>
<p>The blanket 10% tariff on most UK goods entering the US is expected to stay in place. However, the UK may secure relief from the harsher 25% tariffs that hit some of its biggest exports—particularly in the automotive and steel sectors.</p>
<h4>Autos Take Center Stage</h4>
<p>The UK’s top export to the US—cars—could be at the heart of this deal. Last year, UK car exports to the US were worth about £9 billion.</p>
<p>Trump’s 25% tariffs on car imports have hit the industry hard. The new agreement could lower those tariffs or introduce a quota system, which would allow a fixed number of UK-made cars to enter the US tariff-free. Anything above that limit would face extra charges.</p>
<p>While UK manufacturers prefer a blanket tariff cut, a quota would still offer some breathing room. On the UK side, tariffs on US car imports—currently at 10%—are expected to be lowered. The US wants that rate slashed to 2.5%, and UK Chancellor Rachel Reeves has signaled a willingness to consider it.</p>
<h4>Steel and Aluminium in the Spotlight</h4>
<p>Steel and aluminium have been subject to a 25% US import tariff since March. Although the UK exports only about £700 million worth of raw steel and aluminium, products made from these materials—like gym equipment and machinery—make up a further £2.2 billion in exports.</p>
<p>Industry leaders warn that without relief, these tariffs could be devastating. They could also flood the global market with excess steel, putting more pressure on UK producers already struggling with competition and high energy costs.</p>
<p>Whether the deal offers lower tariffs or a quota system for these sectors remains to be seen.</p>
<h4>The Big Unknown: Pharmaceuticals</h4>
<p>One area still in the dark is pharmaceuticals. The UK exported £6.6 billion in medicinal and pharmaceutical products to the US last year—making it the second-biggest export category. The US, meanwhile, sent £4 billion worth of drugs the other way.</p>
<p>While medicines typically avoid tariffs under global agreements aimed at keeping healthcare affordable, there&#8217;s always the risk of future restrictions. For now, no new pharmaceutical tariffs have been announced by the Trump administration.</p>
<h4>A Possible Trade-Off: Digital Services Tax</h4>
<p>Another potential part of the bargain? The UK may agree to reduce its 2% digital services tax on US tech giants like Meta, Google, and Apple in exchange for tariff relief on exports like cars and pharmaceuticals.</p>
<p>The UK brought in around £360 million from the tax in its first year, but it’s a politically sensitive issue. Cutting it could be seen as bowing to pressure from Big Tech—or from President Trump.</p>
<h4>Food Standards Off the Table</h4>
<p>Although agricultural tariffs could be adjusted, don’t expect the UK to budge on food standards.</p>
<p>Chancellor Reeves has made it clear that imports like chlorinated chicken or hormone-treated beef will remain banned. The UK is prioritizing alignment with EU food safety rules, especially with a planned “Brexit reset” on the horizon.</p>
<p>American farmers have long pushed for more access to UK markets, but backing off these demands—even temporarily—would be seen as a diplomatic win for Prime Minister Keir Starmer.</p>
<h4><strong>Bottom Line</strong></h4>
<p>This UK-US tariff deal isn’t the sweeping trade agreement some headlines might suggest. But for key industries like automotive, steel, and tech, it could offer targeted relief—and help prevent further economic strain on both sides of the Atlantic.</p>
<p>As always, the devil will be in the details—and in the months of negotiations still to come.</p>
<p><em>Source: BBC &#8211; <a href="https://www.bbc.com/news/articles/c15ng4g5g0eo">What could be in the UK-US tariff deal?</a></em></p>
<p>The post <a href="https://journosnews.com/what-the-new-uk-us-tariff-deal-could-mean-for-cars-steel-and-tech/">What the New UK-US Tariff Deal Could Mean for Cars, Steel, and Tech</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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		<title>Trump Threatens 200% Tariff on European Wine Over Whiskey Dispute</title>
		<link>https://journosnews.com/trump-threatens-200-tariff-on-european-wine-over-whiskey-dispute/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Thu, 13 Mar 2025 14:08:30 +0000</pubDate>
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		<guid isPermaLink="false">https://journosnews.com/?p=10165</guid>

					<description><![CDATA[<p>Trump Threatens 200% Tariff on European Wine in Retaliation for EU’s American Whiskey Tariff Escalating Trade Tensions President Donald Trump has issued a stern warning to the European Union (EU), threatening to impose a 200% tariff on European wines, champagnes, and spirits. This comes in response to the EU’s planned 50% tariff on American whiskey, [&#8230;]</p>
<p>The post <a href="https://journosnews.com/trump-threatens-200-tariff-on-european-wine-over-whiskey-dispute/">Trump Threatens 200% Tariff on European Wine Over Whiskey Dispute</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2><strong>Trump Threatens 200% Tariff on European Wine in Retaliation for EU’s American Whiskey Tariff</strong></h2>
<p><strong>Escalating Trade Tensions</strong> President Donald Trump has issued a stern warning to the European Union (EU), threatening to impose a 200% tariff on European wines, champagnes, and spirits. This comes in response to the EU’s planned 50% tariff on American whiskey, which is set to take effect on April 1.</p>
<p>The EU’s tariff proposal was unveiled as a countermeasure against the U.S. administration’s steel and aluminum tariffs. Trump, however, made it clear on Thursday via social media that he would retaliate if the EU moved forward with its plan.</p>
<p><strong>Trump’s Warning to the EU</strong> In a morning post, Trump declared:</p>
<p>“If this tariff is not removed immediately, the U.S. will shortly place a 200% tariff on all WINES, CHAMPAGNES, &amp; ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the wine and champagne businesses in the U.S.”</p>
<p>His remarks reinforced statements he had made earlier in the week, where he signaled strong action against what he described as unfair trade practices. “Of course, I will respond,” Trump told reporters in the Oval Office on Wednesday.</p>
<p><strong>Global Trade Disputes Intensify</strong> Trump has aggressively pursued tariffs against multiple U.S. trading partners, including Canada, Mexico, and China. He has also announced plans to tax imports from the EU, Brazil, and South Korea, advocating for what he calls &#8220;reciprocal&#8221; trade policies. The new steel and aluminum tariffs, introduced on Wednesday, further fueled trade tensions, with the president claiming they are necessary to reclaim wealth “stolen” by other countries.</p>
<p><strong>EU&#8217;s Countermeasures</strong> The European Commission has responded swiftly, outlining its own economic retaliation. European Commission President Ursula von der Leyen stated:</p>
<p>“As the United States is applying tariffs worth $28 billion, we are responding with countermeasures worth 26 billion euros [approximately $28 billion].”</p>
<p>These countermeasures extend beyond steel and aluminum, targeting industries such as textiles, home appliances, and agriculture.</p>
<p><strong>Bourbon Industry Urges Resolution</strong> Amid the intensifying trade dispute, U.S. bourbon producers are calling on the Trump administration to reconsider its position.</p>
<p>Chris Swonger, President and CEO of the Distilled Spirits Council, urged a diplomatic solution, stating:</p>
<p>“The US-EU spirits sector is the model for fair and reciprocal trade, having zero-for-zero tariffs since 1997. We urge President Trump to secure a spirits agreement with the EU to get us back to zero-for-zero tariffs, which will create U.S. jobs and increase manufacturing and exports for the American hospitality sector. We want toasts, not tariffs.”</p>
<p>As the deadline for the EU’s whiskey tariff approaches, the world is watching to see whether the two economic powerhouses will negotiate or escalate their trade conflict further.</p>
<p><a href="https://apnews.com/article/trump-tariffs-eu-whiskey-cb259623a25ca1bfdb4673262ceef85b"><em>Source</em></a></p>
<p>The post <a href="https://journosnews.com/trump-threatens-200-tariff-on-european-wine-over-whiskey-dispute/">Trump Threatens 200% Tariff on European Wine Over Whiskey Dispute</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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		<title>Europe Strikes Back: New Tariffs on U.S. Goods After Trump’s Move</title>
		<link>https://journosnews.com/europe-strikes-back-new-tariffs-on-u-s-goods-after-trumps-move/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Wed, 12 Mar 2025 10:55:32 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Trade]]></category>
		<category><![CDATA[#AgriculturalTariffs]]></category>
		<category><![CDATA[#AluminumTariffs]]></category>
		<category><![CDATA[#BusinessImpact]]></category>
		<category><![CDATA[#economicimpact]]></category>
		<category><![CDATA[#EconomicUncertainty]]></category>
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		<guid isPermaLink="false">https://journosnews.com/?p=10079</guid>

					<description><![CDATA[<p>The European Union announced on Wednesday that it will impose new tariffs on U.S. industrial and agricultural products in response to the Trump administration’s decision to increase tariffs on all steel and aluminum imports to 25%. The EU’s swift countermeasure aims to protect its economic interests while escalating tensions in transatlantic trade relations. The EU, [&#8230;]</p>
<p>The post <a href="https://journosnews.com/europe-strikes-back-new-tariffs-on-u-s-goods-after-trumps-move/">Europe Strikes Back: New Tariffs on U.S. Goods After Trump’s Move</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The European Union announced on Wednesday that it will impose new tariffs on U.S. industrial and agricultural products in response to the Trump administration’s decision to increase tariffs on all steel and aluminum imports to 25%. The EU’s swift countermeasure aims to protect its economic interests while escalating tensions in transatlantic trade relations.</p>
<p>The EU, having anticipated the move, was prepared for retaliation. However, the new tariffs add further strain to already fragile trade relations between the two economic powerhouses. Just last month, Washington warned Europe that it would need to take greater responsibility for its own security in the future.</p>
<h3>Scope of the EU Tariffs</h3>
<p>The retaliatory tariffs will affect approximately <strong>€26 billion ($28 billion) worth of U.S. goods</strong>, including not only steel and aluminum but also textiles, home appliances, and various agricultural products. Among the targeted goods are motorcycles, bourbon, peanut butter, and jeans—items that were also subject to tariffs during former President Donald Trump’s first term.</p>
<p>The EU’s tariff strategy is designed to exert pressure on key Republican-held states while minimizing additional harm to European industries. The new duties will significantly impact U.S. agricultural exports, targeting soybeans from <strong>Louisiana (House Speaker Mike Johnson’s state)</strong>, as well as <strong>beef and poultry from Kansas and Nebraska</strong>. Other affected states include <strong>Alabama, Georgia, and Virginia</strong>, which produce key agricultural exports now facing increased EU duties.</p>
<h3>EU Defends Its Trade Actions</h3>
<p>European Commission President <strong>Ursula von der Leyen</strong> defended the EU’s decision, emphasizing the bloc’s commitment to negotiation while ensuring fair trade policies.</p>
<p>“As the U.S. applies tariffs worth <strong>$28 billion</strong>, we are responding with countermeasures worth <strong>€26 billion</strong>,” von der Leyen stated. The European Commission, which oversees trade policy for the 27-nation bloc, emphasized the necessity of these countermeasures to balance trade relations.</p>
<p>“In a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs,” she added.</p>
<p>The commission confirmed that its countermeasures would target <strong>steel, aluminum, textiles, leather goods, home appliances, household tools, plastics, wood, and agricultural products</strong> such as poultry, beef, seafood, nuts, eggs, sugar, and vegetables.</p>
<p>Trump defended his tariffs, claiming they would boost American manufacturing jobs. However, von der Leyen countered, warning of the economic repercussions:</p>
<p>“Jobs are at stake. Prices will go up—<strong>both in Europe and the United States.</strong> These tariffs are disrupting supply chains and creating economic uncertainty.”</p>
<h3>American Business Groups Urge De-escalation</h3>
<p>The <strong>American Chamber of Commerce to the EU</strong> criticized both the U.S. tariffs and the EU’s countermeasures, warning that they could harm employment and economic prosperity on both sides of the Atlantic.</p>
<p>“These measures will only hurt jobs, prosperity, and security,” the chamber stated. “Both sides must de-escalate and urgently seek a negotiated solution.”</p>
<h3>What Happens Next?</h3>
<p>This is not the first time the U.S. and EU have engaged in a trade dispute under Trump’s leadership. During his first term, the former president imposed similar tariffs on European steel and aluminum, prompting the EU to retaliate with tariffs on U.S.-made motorcycles, bourbon, peanut butter, and jeans.</p>
<p>The EU’s <strong>latest action will unfold in two phases</strong>:</p>
<ol>
<li><strong>April 1:</strong> The European Commission will <strong>reinstate “rebalancing measures”</strong> that were previously in place between <strong>2018 and 2020</strong> before being suspended under the Biden administration.</li>
<li><strong>April 13:</strong> Additional duties will take effect, impacting <strong>€18 billion ($19.6 billion) in U.S. exports</strong> to the EU.</li>
</ol>
<p>EU Trade Commissioner <strong>Maroš Šefčovič</strong> recently visited Washington in an attempt to prevent the escalation. After meeting with U.S. Commerce Secretary <strong>Howard Lutnick</strong> and other trade officials, he stated, “It became clear during the trip that the EU is not the problem.”</p>
<p>“I argued to avoid the unnecessary burden of measures and countermeasures, but <strong>you need a partner for that. You need both hands to clap,</strong>” Šefčovič said in remarks to the European Parliament in Strasbourg, France.</p>
<h3>Impact on European Steel Industry</h3>
<p>The European <strong>steel sector is bracing for losses</strong>, as the EU could lose up to <strong>3.7 million tons</strong> of steel exports. The U.S. is the second-largest export market for European steel, accounting for <strong>16% of total EU steel exports</strong>, according to the European steel association <strong>Eurofer</strong>.</p>
<p>With annual trade between the U.S. and EU valued at around <strong>$1.5 trillion</strong>, representing approximately <strong>30% of global trade</strong>, the ongoing tariff dispute threatens to disrupt economic stability. While the EU maintains a significant export surplus in goods, the U.S. holds a surplus in the trade of services.</p>
<h3>UK Takes a Different Approach</h3>
<p>Unlike the EU, <strong>Britain has decided not to impose retaliatory measures</strong> on U.S. imports. British Business Secretary <strong>Jonathan Reynolds</strong> stated that the UK would continue to engage “closely and productively” with the U.S. to protect British business interests.</p>
<p>However, Reynolds did not rule out future tariffs, stating, <strong>“We will keep all options on the table and won’t hesitate to respond in the national interest.”</strong></p>
<h3>Conclusion</h3>
<p>The latest round of tariffs marks another chapter in the ongoing trade tensions between the U.S. and EU. While both sides assert their positions, businesses and consumers are likely to bear the economic burden. As pressure mounts, diplomatic negotiations remain the most viable path toward de-escalation and trade stability.</p>
<p><a href="https://apnews.com/article/trump-eu-tariffs-countermeasures-806a3b9bcc9cd4e45817e672d95f0070"><em>Source</em></a></p>
<p>The post <a href="https://journosnews.com/europe-strikes-back-new-tariffs-on-u-s-goods-after-trumps-move/">Europe Strikes Back: New Tariffs on U.S. Goods After Trump’s Move</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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		<title>U.S. Tariff Hike: What It Means for Businesses &#038; Consumers</title>
		<link>https://journosnews.com/u-s-tariff-hike-what-it-means-for-businesses-consumers/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Wed, 12 Feb 2025 13:02:19 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Trade]]></category>
		<category><![CDATA[#AluminumTariffs]]></category>
		<category><![CDATA[#AmericanEconomy]]></category>
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		<category><![CDATA[#ChinaTariffs]]></category>
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		<category><![CDATA[#TrumpAdministration]]></category>
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		<guid isPermaLink="false">https://journosnews.com/?p=9096</guid>

					<description><![CDATA[<p>Trump Plans Major Trade Tariffs, Setting Stage for Economic Showdown A New Era of Trade Policy President Donald Trump is preparing to shake up the global trade system by introducing new tariffs that would match the tax rates charged by other countries. The move, expected to be signed into an executive order soon, could have [&#8230;]</p>
<p>The post <a href="https://journosnews.com/u-s-tariff-hike-what-it-means-for-businesses-consumers/">U.S. Tariff Hike: What It Means for Businesses &#038; Consumers</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2><strong>Trump Plans Major Trade Tariffs, Setting Stage for Economic Showdown</strong></h2>
<h3>A New Era of Trade Policy</h3>
<p>President <strong>Donald Trump</strong> is preparing to shake up the global trade system by introducing <strong>new tariffs</strong> that would <a href="https://journosnews.com/category/general-business/modern-banking-services/"><strong>match the tax rates charged by other countries</strong>.</a> The move, expected to be signed into an executive order soon, could have far-reaching consequences for the U.S. economy, international trade relations, and consumer prices.</p>
<blockquote><p><strong>“It’s time to be reciprocal,”</strong> Trump told reporters earlier this week. <strong>“If they charge us, we charge them.”</strong></p></blockquote>
<p>While the order was initially expected <strong>on Tuesday or Wednesday</strong>, no official announcement was made as of Tuesday evening. When asked if he would sign it Wednesday, Trump responded: <strong>“We’ll see what happens.”</strong></p>
<h3>What the New Tariffs Could Mean for the Economy</h3>
<p>Trump’s <strong>reciprocal tariffs</strong> could effectively<a href="https://journosnews.com/category/general-business/"> <strong>raise taxes on most imported goods</strong></a>, impacting a <strong>$4.1 trillion import market</strong> (based on U.S. Census Bureau data). This move:</p>
<p><strong>Could lead to higher prices</strong> for U.S. consumers and businesses<br />
<strong>Might trigger retaliatory tariffs</strong> from other countries<br />
<strong>Marks a major break</strong> from past White House policies, which mostly aimed to reduce trade barriers</p>
<p>Trump’s economic strategy is clear: <a href="https://journosnews.com/category/general-business/understanding-economic-trends-and-their-impact/"><strong>He believes tariffs will boost American jobs and revenue.</strong> However, <strong>inflation risks and economic disruptions</strong></a> remain a concern.</p>
<blockquote><p><strong>“No matter which way you slice it, costs are going to climb for consumers,”</strong> said <strong>Senate Democratic Leader Chuck Schumer</strong>. <strong>“I will work with my colleagues to undo this mess.”</strong></p></blockquote>
<h3>Trump’s Tariff Strategy: A Political and Economic Gamble</h3>
<p>Trump has <strong>fully embraced</strong> tariffs as a core part of his economic agenda, believing they will <a href="https://journosnews.com/category/general-business/understand-personal-finance-tips-for-everyone/"><strong>bring back American jobs and manufacturing</strong></a>. However, he has also acknowledged that import taxes <strong>could lead to short-term economic pain</strong>.</p>
<p>If jobs fail to materialize or inflation remains high, <a href="https://journosnews.com/category/general-business/explore-the-dynamics-of-global-business-operations/"><strong>Democrats will likely use the issue against Trump</strong></a>, arguing that his policies benefit the ultrawealthy at the expense of middle-class Americans.</p>
<h3>Tariffs Already in Place – and More to Come?</h3>
<p>Trump has already <strong>implemented or proposed several new tariffs</strong> in recent weeks:</p>
<ul>
<li><strong>China:</strong> 10% tariffs in response to its role in producing illicit fentanyl.</li>
<li><strong>Mexico &amp; Canada:</strong> Potential tariffs if they <a href="https://journosnews.com/category/general-business/business-imports-exports/"><strong>fail to address illegal immigration and drug smuggling</strong></a>.</li>
<li><strong>Steel &amp; Aluminum:</strong> Existing 2018 tariffs have been expanded, with <strong>higher rates on aluminum</strong> and the removal of exemptions.</li>
<li><strong>Future Targets:</strong> Trump has hinted at <strong>taxing imported cars, computer chips, and pharmaceutical drugs</strong>.</li>
</ul>
<h3>Global Reactions: Trade Partners Push Back</h3>
<p>Many of the <strong>United States’ biggest trade partners</strong> are preparing <strong>countermeasures</strong> in response to Trump’s proposed tariffs.</p>
<blockquote><p><strong>European Commission President Ursula von der Leyen</strong> warned: <strong>“Unjustified tariffs on the EU will not go unanswered — they will trigger firm and proportionate countermeasures.”</strong></p></blockquote>
<p><strong>Europe:</strong> The EU is considering tariffs on <a href="https://journosnews.com/category/general-business/business-news-international-relations/"><strong>American motorcycles, jeans, bourbon, and peanut butter</strong>.</a><br />
<strong>Mexico &amp; Canada:</strong> Both countries are <strong>preparing countermeasures</strong> against new U.S. tariffs.<br />
<strong>China:</strong> Has <strong>already retaliated</strong> against previous U.S. tariffs.</p>
<h3>Are Tariffs a Diplomatic Tool or a Revenue Source?</h3>
<p>According to <a href="https://journosnews.com/category/general-business/modern-banking-services/"><strong>multiple Trump aides, the long-term goal</strong></a> of Trump’s tariff strategy is <strong>reciprocity</strong>—ensuring fair trade practices.</p>
<p>However, Trump has also <strong>used tariffs as leverage</strong> in negotiations with Canada and Mexico, pushing them to do more on <strong>border security and drug trafficking</strong>.</p>
<p>Additionally, Trump has suggested that tariffs could<a href="https://journosnews.com/category/general-business/understanding-economic-trends-and-their-impact/"> <strong>generate revenue</strong></a> to help <strong>offset planned income tax cuts</strong>.</p>
<h3>Wall Street Weighs In: More Tariffs Likely to Come</h3>
<p>Analysts believe that <strong>Trump’s current tariff plan is only the beginning</strong>.</p>
<blockquote><p><strong>Goldman Sachs</strong> analysts stated: <strong>“It seems likely there will be many further tariff announcements.”</strong></p></blockquote>
<blockquote><p><strong>Morgan Stanley strategist Michael Zezas</strong> noted that tariffs would <strong>shape key economic factors</strong>, including:<br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Economic growth</strong><br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Inflation</strong><br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Interest rates</strong><br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Federal Reserve policies</strong></p></blockquote>
<blockquote><p><strong>“This is a major shift from globalization,”</strong> Zezas explained. <strong>“Companies will no longer focus on the cheapest labor and materials offshore. This transition will take years and create both challenges and opportunities.”</strong></p></blockquote>
<h3>What’s Next?</h3>
<p>As Trump <a href="https://journosnews.com/category/general-business/understand-personal-finance-tips-for-everyone/"><strong>continues to push forward</strong></a> with his tariff strategy, the world waits to see:</p>
<p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>How trading partners will respond</strong><br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>The economic impact on American businesses and consumers</strong><br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>Whether tariffs will help or hurt the U.S. job market</strong><br />
<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <strong>If inflation worsens or stabilizes</strong></p>
<p>With <strong>Trump at the helm of U.S. trade policy</strong>, one thing is certain: <strong><a href="https://journosnews.com/category/general-business/explore-the-dynamics-of-global-business-operations/">A major economic showdown is on the horizon</a>.</strong></p>
<p><em><a href="https://apnews.com/article/trump-tariffs-imports-matched-tax-rate-3f12fcab7f7065bcd846f00926935ba5">Source</a></em></p>
<p>The post <a href="https://journosnews.com/u-s-tariff-hike-what-it-means-for-businesses-consumers/">U.S. Tariff Hike: What It Means for Businesses &#038; Consumers</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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		<title>Trump Announces New Tariffs on Steel and Aluminum Imports</title>
		<link>https://journosnews.com/trump-announces-new-tariffs-on-steel-and-aluminum-imports/</link>
		
		<dc:creator><![CDATA[The Daily Desk]]></dc:creator>
		<pubDate>Mon, 10 Feb 2025 02:55:11 +0000</pubDate>
				<category><![CDATA[Foreign Policy]]></category>
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					<description><![CDATA[<p>Trump Announces Plans for New Trade Tariffs, Targeting Steel and Aluminum Imports President Donald Trump has announced plans to impose a 25% tariff on all steel and aluminum imports into the United States, with Canada expected to be the most affected. Tariffs on Steel and Aluminum Imports Speaking to reporters aboard Air Force One while [&#8230;]</p>
<p>The post <a href="https://journosnews.com/trump-announces-new-tariffs-on-steel-and-aluminum-imports/">Trump Announces New Tariffs on Steel and Aluminum Imports</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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										<content:encoded><![CDATA[<h2><strong>Trump Announces Plans for New Trade Tariffs, Targeting Steel and Aluminum Imports</strong></h2>
<h5>President Donald Trump has announced plans to impose a <a href="https://journosnews.com/category/political-news-updates/foreign-policy-framework/">25% tariff on all steel and aluminum imports</a> into the United States, with Canada expected to be the most affected.</h5>
<h3>Tariffs on Steel and Aluminum Imports</h3>
<p>Speaking to reporters aboard Air Force One while traveling to the Super Bowl in New Orleans on Sunday, Trump confirmed his decision to introduce new tariffs.</p>
<p><em>&#8220;Any steel coming into the United States is going to have a 25% tariff,&#8221;</em> he stated.</p>
<p>Trump also hinted at upcoming <a href="https://journosnews.com/category/political-news-updates/foreign-policy-framework/"><strong>reciprocal tariffs on all countries that impose taxes on U.S. imports</strong></a>, though he did not specify which nations would be targeted or if exemptions would be made.</p>
<p><em>&#8220;If they charge us, we charge them,&#8221;</em> he declared.</p>
<h3>Impact on Canada and Global Markets</h3>
<p>Canada, the U.S.&#8217;s largest supplier of aluminum and one of its biggest steel trading partners, is expected to face <a href="https://journosnews.com/category/political-news-updates/political-decisions-economic-policies/"><strong>the most significant economic impact</strong></a> from the new tariffs.</p>
<p>Doug Ford, Premier of Ontario—where much of Canada&#8217;s steel production is concentrated—criticized the move, calling it <strong>&#8220;<a href="https://journosnews.com/category/political-news-updates/the-dynamics-of-global-diplomacy-and-trade/">shifting goalposts and constant chaos, putting our economy at risk</a>.&#8221;</strong></p>
<p>South Korea, another major steel exporter to the U.S., also felt the impact. Stocks of major South Korean steel and auto companies <strong>dropped sharply</strong> following Trump&#8217;s announcement:</p>
<ul>
<li><strong>POSCO Holdings</strong> fell by <strong>3.6%</strong></li>
<li><strong>Hyundai Steel</strong> dropped <strong>2.9%</strong></li>
<li><strong>Kia Corp</strong> shares declined <strong>3.6%</strong></li>
</ul>
<h3>Tariffs: A Key Part of Trump’s Economic Vision</h3>
<p>Trump has <strong>long promoted tariffs</strong> as a way to strengthen the U.S. economy, protect American jobs, and generate tax revenue.</p>
<p>During his first term, he <a href="https://journosnews.com/category/political-news-updates/political-leaders-profile/"><strong>imposed 25% tariffs on steel imports and 10% on aluminum imports</strong></a> from Canada, Mexico, and the European Union. However, a deal was later reached with <strong>Canada and Mexico</strong> to remove those tariffs, while <strong>EU tariffs remained in place until 2021</strong>.</p>
<p>Now, with his <strong>new round of tariffs</strong>, Trump is doubling down on his trade strategy.</p>
<h3>Escalation of Trade Tensions</h3>
<p>Trump’s new tariffs mark another <strong>major escalation</strong> in global trade policy. Earlier this month, he threatened a <a href="https://journosnews.com/category/political-news-updates/"><strong>25% import tax on Canadian and Mexican products</strong></a> but later <strong>delayed the decision for 30 days</strong> following discussions with both nations&#8217; leaders.</p>
<p>Additionally, he recently <strong>introduced 10% tariffs on all Chinese goods entering the U.S.</strong>, prompting <strong>Beijing to retaliate</strong> with its own countermeasures.</p>
<p>Trump also confirmed that <strong>more trade measures would be announced within days</strong>, stating:<br />
<em>&#8220;On Tuesday or Wednesday, we will have more reciprocal tariffs, and they will take effect almost immediately.&#8221;</em></p>
<h3>Trump’s Controversial Comments on Canada and Gaza</h3>
<p>In addition to his trade announcements, Trump <strong>repeated his previous controversial remarks</strong> about potentially taking over <strong>Canada and Gaza</strong>.</p>
<ul>
<li><strong>Canada</strong>: Trump suggested that <strong>Canada would be better off as the &#8220;51st state&#8221;</strong> of the U.S.</li>
<li><strong>Gaza</strong>: He reiterated his <strong>intention to &#8220;buy and own Gaza&#8221;</strong>, referring to the region as a <strong>&#8220;real estate site&#8221;</strong> with potential for redevelopment.</li>
</ul>
<p>These comments have drawn widespread <strong>criticism and skepticism</strong> from political leaders and international analysts.</p>
<h3>Renaming the Gulf of Mexico?</h3>
<p>During his trip to New Orleans, Trump also <strong>signed a proclamation declaring February 9 as &#8220;Gulf of America Day,&#8221;</strong> celebrating his order to <strong>rename the Gulf of Mexico</strong>.</p>
<p>Mexico <strong>quickly rejected</strong> the idea, stating that <strong>UN maritime rules prohibit any single country from unilaterally changing international water names</strong>.</p>
<h3>Meeting with Putin? Trump Stays Vague</h3>
<p>When asked about any recent conversations with <strong>Russian President Vladimir Putin</strong>, Trump remained evasive:</p>
<p><em>&#8220;I don’t want to talk about it, and if we are talking, I don’t want to tell you about it too early. But I do believe we’re making progress.&#8221;</em></p>
<p>He added that he expects to meet <strong>Putin &#8220;at the right time&#8221;</strong> in the future.</p>
<h3>What’s Next?</h3>
<p>With <strong>new tariffs set to be rolled out in the coming days</strong>, global markets are bracing for potential economic repercussions. Trade partners, including <strong>Canada, Mexico, and South Korea</strong>, are expected to push back, while China has already retaliated with its own tariffs.</p>
<p>Trump’s latest <strong>bold and controversial</strong> trade decisions signal that <strong>his economic strategy remains centered on tariffs and aggressive trade policies</strong>. The coming weeks will determine how other nations respond and whether a new trade war is on the horizon.</p>
<p><a href="https://www.bbc.com/news/articles/c98yv3e1yyqo"><em>Source</em></a></p>
<p>The post <a href="https://journosnews.com/trump-announces-new-tariffs-on-steel-and-aluminum-imports/">Trump Announces New Tariffs on Steel and Aluminum Imports</a> appeared first on <a href="https://journosnews.com">Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports</a>.</p>
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