President Trump’s decision on Saturday to impose new tariffs on imports from China poses a dilemma for Beijing’s leaders: Is it better to ignore the new tariffs or retaliate? Doing little runs the risk of looking weak in the eyes of the Chinese people. China’s extensive domestic propaganda apparatus has described China as a rising…
Prime Minister Justin Trudeau of Canada laid out more than $100 billion in retaliatory tariffs against the United States late Saturday, in a forceful response to President Trump’s decision to impose levies on a range of Canadian goods. But he made clear that Canada was doing so reluctantly. “We don’t want to be here,” Mr….
Almost all automakers are going to feel a pinch from the new tariffs imposed by President Trump on Saturday on goods imported from Canada, Mexico and China. Auto manufacturers ship tens of billions of dollars worth of finished automobiles, engines, transmissions and other components each week across the U.S. borders with Canada and Mexico. Billions…
President Trump on Saturday ordered 25 percent tariffs on all Mexican exports to the United States and a similar levy on all Canadian goods, except for a 10 percent tariff on Canadian energy. His move sent shock waves through both nations, whose leaders have warned that the tariffs will harm all three countries and disrupt…
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…
The Trump administration plans to move forward with imposing stiff tariffs on Mexico, Canada and China on Saturday, in an attempt to further pressure America’s largest trading partners to accept deportees and stop the flow of migrants and drugs into the country. In a press briefing Friday, White House press secretary Karoline Leavitt said the…
The leader of Canada’s most populous province and the heart of its vital auto industry said on Friday that he would call early elections because he needed a stronger hand to deal with President Trump’s plan to impose tariffs on Canadian exports. “With a strong mandate, we will be able to fight with Donald Trump…
The S&P 500 clambered back to a record high on Thursday, inching above a peak reached in early December, after a rally that began with easing inflation concerns tipped over the threshold as President Donald J. Trump reiterated his commitment to bring down oil prices — a major component of inflation. The S&P 500 rose…
Jamie Dimon, JPMorgan Chase’s chief executive, repeatedly warned about tariffs during President Trump’s first term. They were a threat to the economy, he said several times in 2018, and “wouldn’t be a positive,” he said in 2019. Now, two days into Mr. Trump’s second term, Mr. Dimon has called tariffs a valuable “economic weapon.” “If…
When President Trump refrained from immediately imposing new tariffs on his first day in office, as he had previously threatened, business executives and others who support international trade breathed a sigh of relief. That relief has been short-lived. On Monday night, just hours after his inauguration speech, Mr. Trump said he planned to put a…