implementing billions of dollars worth of retaliatory tariffs on the united states. the tariffs are worth about $12.6 billion and they come in response to the trump administration s steel and aluminum tariffs. a lengthy list of u.s. goods including chocolate, beef, yogurt, lawn mowers and whiskey will be subject to a 10% or 25% tax. in the words of canada s foreign minister, quote, we will not escalate and we will not back down on a dollar-for-dollar response on this. china meanwhile is set later this week to impose a tough 25% tariff on u.s. soybeans in addition to raising pork duties as part of its own retaliatory tariffs on hundreds of american products worth $34 billion. meanwhile, general motors says if the trump administration imposes its threatened tariffs on car imports it may be forced to cut american jobs, wages and investment. in the financial times reports that the eu has plans to impose up to $300 billion worth of
old. no way they could smug tell shoes. tariffs worth $12.6 billion in response to trump administration s steel and aluminum tariffs. a lengthy list of u.s. goods including chocolate, beef, whiskey now will be subject to 10% or 20% tax. in the words of canada s foreign minister quote, we ll not escalate and not back down on the dollar for dollar response. china is set later this week to impose a tough 25% tariff on u.s. soybeans in addition to rising pork duties on its own retaliatory tariffs on american products. harley-davidson moving production. there s that. general motors says if the trump administration imposes its threatened tariffs on car imports, it may be forced to cut american jobs, wages and investment. this is going well.