Détente appears to be over, as President Donald Trump announced today that the U.S. will soon slap a 25 percent import tax on $50 billion in Chinese goods, especially technology products. Another $100 billion in tariffs is possible if China follows through on threats to retaliate.
The event at the Donald E. Stephens Convention Center will bring architects, engineers and construction contractors together to learn about new technologies and products, officials say.
At a press conference Saturday after the end of the G-7 summit in Quebec, Trudeau said Canada, a longtime U.S., ally and trading partner, would not be “pushed around” by America.
Besides matching America’s 25 percent tax on imported steel and 10 percent tax on aluminum, Canada will soon levy similar taxes on popular products such as chocolate bars, mayonnaise, whiskey, sailboats, washing machines, maple sugar and strawberries.
Dustin Denison has resigned himself to paying more for ductwork, registers, fittings and just about everything else containing steel that Applied Energy Innovations uses daily.
Months of negotiating for exemption have so far failed
May 29, 2018
Hiroshige Seko, Japan’s minister of economic trade and industry, has said the U.S. decision to impose tariffs could disrupt the world’s markets for the two metals.
Officials with the European Union say it looks increasingly unlikely that they will be able to reach an agreement with the White House to permanently exempt the 28-nation bloc from the steel and aluminum tariffs.