Canada and EU Retaliate Against US Tariffs; Trump Team Focuses on China Patent Abuse

Canada imposed 25% tariffs on approximately C$30 billion ($20.8 billion) of US-made products, including steel, aluminum, computers, and sporting goods, effective March 14, 2025, at 12:01 a.m. New York time. This action followed the US administration's global levies on imports of these materials. Canadian Finance Minister Dominic LeBlanc and Industry Minister François-Philippe Champagne are scheduled to meet with US Commerce Secretary Howard Lutnick on Thursday to discuss a resolution. The EU also announced tariffs on up to €26 billion ($28.3 billion) worth of American goods. Separately, Commerce Secretary Howard Lutnick addressed China's use of the U.S. Patent Office, stating it cannot persist. Trump nominated John A. Squires, an ex-Goldman Sachs lawyer, to head the Patent and Trademark Office on Wednesday.

Did you find an error or inaccuracy?

We will consider your comments as soon as possible.