Trump announces new generic drugs tariff plan
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Trump, tariffs
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By Luciana Magalhaes SAO PAULO, July 22 (Reuters) - A new 25% U.S. tariff will hit a range of Brazilian goods on Wednesday, including farm machinery, wood products, ethanol and apparel, escalating tensions in an already strained relationship between the two most populous countries in the Western Hemisphere.
Experts break down how much it’ll likely cost the average American household.
Some of the Canadian products impacted by the tariffs are honey, golf equipment, cement, essential oils, mixes for doughs and more.
As Prime Minister Mark Carney warns of rising consumer costs on both sides of the border, Canadian leaders signal an aggressive standoff over Section 338 import taxes.
Nintendo argues in a court filing that customers willingly paid the higher prices for consoles and accessories, and aren't owed any money back.
Here’s what to know about the latest trade policy by the U.S. against its neighbor.
Following a Supreme Court ruling, Nintendo will be refunded the tariffs it paid. However, it argues consumers have 'no legal entitlement' to the money.
U.S. Trade Representative Jamieson Greer's comments the Trump administration could impose new tariffs just as other duties are set to expire.
The tariffs, which are scheduled to go into effect in one month, up the ante in North American trade negotiations.
