Foreign goods wait to be unloaded at the Port of Los Angeles.
AP Photo/Nick Ut
President Trump recently imposed steep tariffs on foreign steel and aluminum. An economist explains what they are, how they work and why they matter.
Former U.S. president Richard Nixon is seen here with Pierre Trudeau in Ottawa in 1972. Nixon was bitterly opposed to Canada’s Auto Pact moves 50 years ago, saying Canada had cheated at the expense of American jobs and investment. He refused calls to exempt Canada from an import surcharge.
(THE CANADIAN PRESS)
U.S. President Donald Trump has exempted Canada, for now, from hefty tariffs on steel. An increase in defence spending would likely stand Canada in greater stead with the president.
Donald Trump has announced import tariffs on steel and aluminium.
Trump's tariffs will have only a small impact on the Australian economy, as Australia isn't a large exporter of steel or aluminium.
Bush, seen here in 2006, revoked his steel tariffs less than two years after imposing them in 2002.
President Trump slapped steep tariffs on steel imports, echoing protectionist measures taken by Bush in 2002.
A welder fabricates a steel structure at an iron works facility in Ottawa on March 5, 2018. U.S.President Donald Trump’s stated intention to impose new tariffs on steel and aluminum imports could start a trade war.
THE CANADIAN PRESS/Sean Kilpatrick
Ottawa seems utterly unprepared for a trade war with the United States. The recent federal budget upholding equity values is noble, but won't mean a thing if the government runs out of cash.
These German steel coils may soon become more expensive for U.S. manufacturers.
AP Photo/Martin Meissner
President Trump defended his plan to impose steep tariffs on foreign steel and aluminum by dismissing the consequences. History suggests he'll hurt the very people he says he wants to help.
China controls 50% of the global steel industry but doesn’t export much to America.
China supplies just 2% of America's steel, while Canada and Europe have sizeable shares and Australian steel producers depend on access to US markets.
President Trump announced the U.S. will slap steep tariffs on foreign steel and aluminum.
The president's plans to impose steep tariffs on foreign steel and aluminum mirror the misguided trade policies that helped precipitate the Great Depression.
Roaming free. The current Irish border.
Mark Marlow/PA Wire
Options to avoid a hard border are on the table, but they remain unpalatable to Theresa May's government.
Canadian Foreign Affairs Minister Chrystia Freeland with U.S. Trade Representative Robert Lighthizer, right, and Mexico’s Secretary of Economy Ildefonso Guajardo Villarrea, deliver statements to the media during the sixth round of negotiations for a new North American Free Trade Agreement in Montreal in January 2018.
THE CANADIAN PRESS/Graham Hughes
Donald Trump has described NAFTA as the worst trade deal ever signed by the United States. As NAFTA talks continue, here's what Canada and Mexico can do if the unthinkable happens.
Now that panel costs in U.S. will go up, will reflectors make a comeback?
Joshua M. Pearce
Raising the cost of solar panels coming to the US could rekindle interest in a simple but potentially significant technology: solar reflectors.
US President Donald Trump in 2017 and George W. Bush in 2008.
On March 1, Donald Trump imposed a series of steel and aluminum tariffs. To understand their potential impact, it's instructive to look at what happened after George W. Bush enacted similar measures in 2002.
Sights like this Brooklyn rooftop covered with solar panels with a view of the Manhattan skyline have become more commonplace amid a U.S. renewable energy industry boom.
AP Photo/Mark Lennihan
Slapping duties on imported panels is unwise.
Canada’s NAFTA strategy is in big trouble. Prime Minister Justin Trudeau is seen here meeting with U.S. President Donald Trump in the Oval Office of the White House in February 2017.
(THE CANADIAN PRESS/Sean Kilpatrick)
Instead of treating the Trump administration as a campaign adversary, Canada needs to start working with the United States to renegotiate a NAFTA that serves both countries, not regimes like China.
Most of the growing number of jobs in the solar industry have more to do with maintaining and installing panels than manufacturing them.
The Trump administration can boost domestic solar panel manufacturing without slapping duties on all imports.
‘Dig For Victory’, first time around on an allotment in London’s Kensington Gardens.
Imperial War Museum
Britain has fed itself before, can it do so again? It's not easy to tell.
Indonesian workers hold placards during an anti-WTO rally at a main roundabout in Jakarta.
A trade dispute between Australia and Indonesia shines a spotlight on Australia's controversial 'anti-dumping' practices at the World Trade Organisation.
The U.S. is slapping tariffs on China-made aluminum, which could lead to a trade war.
AP Photo/Paul Sakuma
Some fear that recent actions against China taken by the Trump administration mean we're on the verge of a trade war. What would be the cost?
The Canadian lobster industry is now valued at over $1 billion, double what it was in 2010.
(AP Photo/Robert F. Bukaty)
Lobster used to be a poor man's meal. Now it's the darling of foodies, and Canada's lobster producers are poised to cash in on sales to the European Union thanks to CETA.
A worker at an auto parts plant in Orion Township, Michigan, lifts coiled steel into place.
AP Photo/Paul Sancya
The president has promised to put a stop to foreign companies 'dumping' steel on US markets. Former President Bush tried the same thing, and here's what happened.