WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a…
WASHINGTON (AP) — Donald Trump, the real estate developer turned commander in chief, is laying bare his style of diplomacy in the early weeks of his new term: It’s a whole lot like a high-stakes business deal, and his No. 1 goal is to come out of the transaction on top. The tactics are clear…
WASHINGTON (AP) — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, as worries persist that the newly launched trade war could crush domestic manufacturing. The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and…
MEXICO CITY (AP) — Mexico’s president said Tuesday the country will respond to the 25% tariffs imposed by the United States with retaliatory tariffs on U.S. goods, with details to come. Mexico will announce the targeted products and other measures Sunday at an event in Mexico City’s central plaza, a delay that suggests Mexico hopes…
WASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies. Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%, with Canadian energy products getting…
VANCOUVER, British Columbia (AP) — Ontario Premier Doug Ford won reelection to lead Canada’s most populous province on Thursday, giving him the mandate he wanted to fight tariffs threatened by U.S. President Donald Trump. “Donald Trump thinks he can break us,” Ford told a cheering crowd at a Toronto convention center. “He thinks he can…
WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go…
ATLANTA (AP) — President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico. The move fulfills campaign promises but also sparked retaliatory moves that could signal an extended trade war with key trading partners and, in the case of Mexico and Canada, the closest U.S. neighbors and…
TORONTO (AP) — Canada’s prime minister and Mexico’s president ordered retaliatory tariffs on goods from the U.S, following through with their threats after U.S. Donald Trump sparked a trade war by imposing sweeping tariffs on imports from Canada, Mexico and China. Canada is initially targeting $30 billion Canadian (US$20 billion) in goods imported from the…
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater…