Trump stays the course Even President Trump has acknowledged that his pugnacious economic agenda is looking increasingly risky. Asked on Fox News this weekend if he expected a recession this year, he allowed only, “I hate to predict things like that.” That dodge comes as his trade war continues to escalate and companies warn that…
Mark Carney, a former central banker, swept to the leadership of Canada’s Liberal Party on Sunday and will become prime minister at a critical moment for the country, which is facing threats to its economy and sovereignty from President Trump. Mr. Carney, who has never been elected to public office, was governor of the Bank…
President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession. In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Mr. Trump also said that he was considering increasing tariffs against Mexico…
Meltdown The markets have spoken. The S&P 500 is on track for its worst weekly loss since the collapse of the Silicon Valley Bank crisis two years ago. And investors have wiped out post-Election Day gains as President Trump’s dizzying start-stop tariff policy fuels volatility on trading floors and in boardrooms. Another test comes this…
Two friends from Alberta, both with strong careers overseas and similar backgrounds — Harvard and Oxford graduates, members of the liberal global elite — are vying to replace Justin Trudeau as leader of the Liberal Party and of the country just as Canada faces a generational crisis because of the Trump administration’s tariffs and sovereignty…
As President Trump puts new tariffs on goods from China and threatens a trade war with allies like Mexico and Canada, one global company is likely to suffer less than most of its competitors: Tesla. But the electric car maker led by Elon Musk, which accounts for a third of the billionaire’s wealth, is also…
China announced tariffs of up to 100 percent on canola, pork and other foods from Canada on Saturday, in retaliation for Canada’s decision last August to collect steep taxes on imports of Chinese electric vehicles, steel and aluminum. The Chinese tariffs, which take effect on March 20, were also a clear warning to Canada —…
After President Trump imposed tariffs on Canada on Tuesday, Prime Minister Justin Trudeau made an extraordinary statement that was largely lost in the fray of the moment. “The excuse that he’s giving for these tariffs today of fentanyl is completely bogus, completely unjustified, completely false,” Mr. Trudeau told the news media in Ottawa. “What he…
The U.S. stock market is headed for one of its worst weeks in many months, after a series of dizzying policy shifts on tariffs from the White House. A fresh jobs report on Friday will provide a crucial reading on the strength of the economy, which has become a growing worry for investors. Futures on…
China’s top diplomat, Wang Yi, on Friday vowed that Beijing would firmly retaliate against the United States if it escalated the trade war with more tariffs, striking a tough note despite the country’s economic challenges. Mr. Wang’s comments came a day after President Trump suspended tariffs for goods coming from Mexico and Canada but did…