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Latest news with #retaliatorytariffs

Zippo's Court Setback Boosts EU Right to Retaliate Against Trump
Zippo's Court Setback Boosts EU Right to Retaliate Against Trump

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Zippo's Court Setback Boosts EU Right to Retaliate Against Trump

The European Union 's power to impose retaliatory tariffs on US goods and services won a legal boost from an adviser to the bloc's top court, as the 27-member jurisdiction continues to spar with President Donald Trump over trade. In a case that pits leading lighting maker Zippo Manufacturing Co. against the European Commission, the EU Court of Justice's Advocate General Tamara Ćapeta said that the firm's challenge against the bloc's 2020 retaliatory US tariffs should be dismissed.

U.S. counter-tariffs help Canada bank $617M more in import duties than last March
U.S. counter-tariffs help Canada bank $617M more in import duties than last March

National Post

time6 days ago

  • Business
  • National Post

U.S. counter-tariffs help Canada bank $617M more in import duties than last March

Article content Ottawa collected an extra $617 million in import duties this past March compared to a year earlier as counter-tariffs against U.S. trade restrictions came into effect. Article content Article content The federal government's latest fiscal monitor report, published late last week, shows revenues from customs import duties topped $1 billion in March, more than double the figure from a year earlier. Article content Article content In March, the federal government slapped retaliatory tariffs on billions of dollars in U.S. goods entering Canada — costs that are paid by Canadian businesses importing the items. Article content Article content

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