Days after former President Donald Trump announced a 25% tariff increase on imports from Mexico, Canada, and China, Mexico secured a temporary 30-day exemption. Mexican President Claudia Sheinbaum agreed to deploy 10,000 soldiers to her country’s border to curb drug trafficking, a move that helped secure the short-term relief. However, concerns remain for businesses that…
(Reuters) – Americans are more bullish on the U.S. economy and the stock market and more hopeful about falling inflation and borrowing costs than they have been in a decade or more, including in the heyday of Donald Trump’s first presidency, a Gallup poll showed on Monday. Some 53% of Americans predicted the U.S. economy…
PALM BEACH, Fla. (AP) — President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States. “Canadians are perplexed,” the country’s U.S. ambassador said. “We…
“It’s important that we don’t divide the world with numerous tariff barriers,” Scholz said on Sunday after meeting with British Prime Minister Keir Starmer in the U.K. The EU is “a strong economic area and has its own courses of action,” Scholz said. In contrast, German Finance Minister Jörg Kukies urged Europeans to keep calm…
America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief warned on Sunday. Financial Secretary Paul Chan Mo-po also said city authorities were considering adjusting a HK$2 (26 US cents) concessionary fare…
WASHINGTON (AP) — From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China — America’s three biggest trading partners. The levies…
America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief has warned. Financial Secretary Paul Chan Mo-po also said on Sunday that city authorities were considering adjusting a HK$2 (26 US cents)…
Increasing egg prices have Americans scrambling – CBS News Watch CBS News The “CBS News MoneyWatch Price Tracker” shows that a dozen eggs cost, on average, $4.15, compared to $2.51 a year ago, an increase of 65%. Hold onto your shopping carts because that number is expected to get even worse. Nancy Chen has more….
PALM BEACH, Fla. (AP) — New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25% tariffs against the two…
Americans could soon be paying more for everything from automobiles to avocados if the Trump administration proceeds with its plan to slap stiff new tariffs on the nation’s three largest trading partners starting Feb. 1. President Trump will impose 25% tariffs on imports from Mexico and Canada starting this weekend, as well as an additional 10% tariff…