President Donald Trump’s tariff threats targeting European auto makers are continuing to raise eyebrows even after his commerce secretary backed away from a deadline set in August to determine whether to enact stiffer tariffs on European auto imports.
Economists are becoming less confident about US economic growth in light of Trump’s trade and budget policies. The experts are also not convinced that the current gains coming from the GOP tax cuts will be sustainable.
Canada announced on Sunday a new 25% tariff on assorted US metals products. A 10% tariff on another 250 products such as beer kegs, orange juice, and whiskey was also confirmed. The tariffs are the culmination of increased trade tensions between the US and Canada over the last few months.