When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with Mexico. Now, nearly a billion dollars of commerce and more than 15,000 trucks roll over the line every day just a quarter mile from his office, binding the economies of…
New York (CNN) — The Trump administration is threatening a 25% tariff on all imports from Canada and Mexico as soon as Saturday — a move that would almost immediately impact car dealerships and factories in the United States. The tariffs would add a minimum of thousands of dollars to the cost of cars, according…
The Canadian government is preparing billions of dollars in retaliatory measures on U.S. exports to Canada if President-elect Donald J. Trump makes good on a threat to impose tariffs on Canadian goods, setting up a potential showdown between two countries that are each other’s largest trading partners. Canada is assembling a list of measures, including…
A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China’s struggle with deflation and Germany’s simmering political crisis – with the euro plumbing its lowest levels in almost five months. Even with bond markets effectively…