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\n\t\t\t\t\tAir Canada union rejects binding arbitration as almost 300 flights axed\n\t\t\t<\/p>\n
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Trump has upended global trade by imposing sharply higher duties on nearly all countries\u2019 exports to the United States, along with tariffs on specific sectors, such as automotive.<\/p>\n
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Trump in February raised tariffs on steel and aluminum to a flat 25 per cent, but he announced in May that he would double the rate to 50 per cent to boost domestic manufacturers.<\/p>\n
It was not immediately clear if another tariff increase on the metals was in the offing.<\/p>\n
Trump said last week he would impose a tariff of 100% on imports of semiconductors, but companies that committed to building up manufacturing in the United States would be exempt.<\/p>\n
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His remarks were made in tandem with an announcement that Apple would be investing an additional US$100 billion in its home market.<\/p>\n
\u2013Reporting by Steve Holland and Andrea Shalal, editing by Ross Colvin<\/p>\n
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