Trump orders new 50% tariffs on many Canadian goods as trade dispute escalates
US President Donald Trump has signed orders to impose new 50% tariffs on many Canadian goods, deepening a trade dispute between the two countries. The White House said the duties will take effect in 30 days and will cover a range of products including wine, hockey sticks and cement. The measures were presented as a response to what Trump called discriminatory treatment of American alcohol, automobile and dairy products.The administration said the tariffs will be imposed under Section 338 of the Tariff Act of 1930, an untested legal provision that Trump has turned to after several of his earlier tariffs... [Continue Reading]
360LiveNews | 21 Jul 2026 02:59 LONDON
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China warns UK over British Steel nationalisation as compensation row deepens
China's foreign ministry has said it will closely monitor the United Kingdom's full nationalisation of British Steel and urged both sides to reach a mutually acceptable solution, including compensation arrangements for Jingye. The comments came after the UK government took full ownership of the loss-making steelmaker on national security grounds. The dispute centres on the Scunthorpe plant, which is the only source of primary steelmaking in the UK.The Chinese ministry said the issue had drawn widespread attention in China and warned that the way Britain handles it will affect Chinese investors' confidence in the UK's investment climate. Jingye, the Chinese... [Continue Reading]
360LiveNews | 18 Jul 2026 16:00 LONDON
United States to impose 25% tariffs on thousands of Brazilian imports from July 22
The United States is set to impose 25% duties on thousands of Brazilian imports, with the measures due to take effect on 22 July. The new tariffs cover a wide range of goods, including sugar, apparel, paper and steel. They were announced as Washington moves ahead with a revised trade strategy under Section 301 of US trade law.The announcement was made late on Wednesday by the US trade representative. Section 301 allows the United States to investigate what it considers unfair trade practices and then impose levies in response. The tariffs were proposed last month and are now moving toward... [Continue Reading]
360LiveNews | 16 Jul 2026 18:00 LONDON
