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ROME, ITALY - MARCH 12: Shoppers and tourists walk past the US owned store Nike in the upmarket Via del Corso shopping area on March 12, 2025 in Rome, Italy. The European Union announced today that, from April 1, it would impose tariffs on iconic American products such as Harley-Davidson motorcycles, bourbon and jeans, in response to President Trump's imposition of global tariffs on steel and aluminium. (Photo by Christopher Furlong/Getty Images)

EU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin

The European Union has retaliated with its own tariffs in response to President Donald Trump’s 25% tariffs on steel and aluminum products that took effect Wednesday.

A truck carrying vehicles prepares to cross into the US from Canada at the Ambassador Bridge in Windsor, Ontario, on March 8, 2025. US President Donald Trump imposed vast tariffs this week on key partners Canada and Mexico, roiling cross-border ties before offering temporary relief to manufacturers -- but with more levies kicking in next week, the respite may be fleeting. (Photo by Geoff Robins / AFP) (Photo by GEOFF ROBINS/AFP via Getty Images)

Trump Imposes Additional 25% Tariff On Canadian Steel And Aluminum In Retaliation For Ontario’s Electricity Tariff

President Donald Trump announced that he has ordered an additional 25% on Canadian steel and aluminum imports Tuesday after the neighboring country charged Americans 25% more for electricity in three border states.

People wear masks as they wait to enter a Costco Wholesale store during the outbreak of coronavirus disease (COVID-19) in Washington, DC, U.S. April 10, 2020. REUTERS/Joshua Roberts/File Photo

US wholesale inventories drop by unrevised 0.4% in March

U.S. wholesale inventories fell, confirming that inventory investment was a drag on economic growth in the first quarter.