Tag: imports
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Canada imposes tariffs on US goods in retaliation
Canada is to impose tariffs on American imports in retaliation for the recent decision by the US to levy a 10 percent tax on Canadian aluminum imports. Canada’s deputy prime minister Chrystia Freeland says that the tariffs would match the US taxes “dollar for dollar”, according to a story on Manufacturing.net. President Donald Trump (main…
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Manufacturing industry turning to robotics and AI in challenging economic landscape, says Deloitte
The manufacturing industry is turning to robotics and artificial intelligence as well as a range of other strategies to navigate an increasingly challenging economic landscape, according to a report by Deloitte. The management consultancy says that, as the risk of a global economic downturn grows, the industrial manufacturing industry faces a challenging landscape in 2020…
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Trump announces tariffs on imports from Mexico
After recently increasing the percentage of tariffs and applying them to a broader range of Chinese imports, US President Donald Trump has now imposed new tariffs on imports from Mexico. The proposed 5 percent tariff on all Mexican imports is yet to be made official, but Trump’s announcement has already caused concern across a range…
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‘Trump’s trade war will trigger the biggest wave of automation in history’, says expert
US President Donald Trump’s trade policies will “trigger the biggest wave of automation in history”, according to an economics expert writing on Forbes.com. Trump has spoken out against a variety of international trade agreements to which the US had previously signed up to. And since he became president, Trump has taken the US out of the…