Trade
President Trump Announces New Tariffs On European Products
US President Donald Trump announced that European products will soon be subject to additional customs duties, as part of his trade policy, which in recent days has included imposing customs duties on imports from Canada, Mexico and China.
“They’ve really taken advantage of us, you know, we have over $300bn deficit,” Trump said in a press statement. “They don’t take our cars, they don’t take our farm products. They take almost nothing, and we take everything from the millions of cars, tremendous amounts of food and farm products.” In the same context, the US President revealed upcoming talks with Justin Trudeau, the resigned Canadian Prime Minister, and officials from the Mexican government, after his decision to impose 25% customs tariffs on some products imported from both countries.
Trump has imposed a 25% tariff on products imported from Canada and Mexico, a 10% tariff on Canadian energy resources, and a 10% tariff on goods imported from China, in addition to the existing customs duties.
The tariffs are scheduled to take effect tomorrow “Tuesday”, unless an agreement is reached.
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Fashion3 weeks agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Economy3 weeks agoOER Magazine September Edition 2026
-
Banking & Finance1 month agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Magazines2 months agoOER Magazine July Edition 2026
-
Magazines2 months agoAl Mar’a Magazine July 2026
-
Banking & Finance1 month agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
Alamaliktistaad Magazines2 months agoAlam Al-Iktisaad Magazine July 2026 Edition