I regret to inform you that we have entered the stage of Donald Trump’s presidency where tariffs are becoming a staple in his proverbial pantry and a tool in his garage with which to intimidate and strong-arm ad nauseum. We’re seeing chaotic political moves play out internationally, sending nations and Americans into a back-and-forth that…
After signing an executive order to raise tariffs on Canada, Mexico and China — three of America’s largest trading partners — President Donald Trump announced a one-month suspension of his new 25% tariff on Mexican imports. This decision came after Mexico President Claudia Sheinbaum Pardo agreed to deploy 10,000 National Guard troops to the U.S….
The tariffs that President Donald Trump said he’ll impose Saturday on imports from Canada, Mexico and China would reignite inflation and deal a significant blow to an economy that has been chugging along, economists said. The Federal Reserve’s preferred annual inflation measure, which was at 2.8% in December, would rise to 3% by the end…
Wall Street closed weaker Friday, pressured late in the day by comments from the White House that 25% tariffs on Mexican and Canadian goods and a 10% levy on Chinese products would begin Saturday. A Reuters report said collection of the duties from Mexico and Canada would be delayed until March 1, but the White…
U.S. stocks opened little changed after rallying all week, and were still on track for a second consecutive weekly gain after President Donald Trump softened his tone on tariffs, and called for lower interest rates and cheaper oil in his first week back in the White House. Trump suggested 25% duties on Canada and Mexico…
WASHINGTON – President Donald Trump says he’s looking at slapping an additional 10% tariff on China, as he upped the ante on the U.S. competitor and pushed Beijing to crack down on the production and distribution of fentanyl. On his first full day in office, Trump said he was also eying Feb. 1 for the…
Wall Street opened mostly higher Tuesday, apparently cheering President Donald Trump’s first day back in the White House after his speeches seemed to show a softer stance on tariffs, economists, said. Before Monday’s inauguration, people feared large, blanket tariffs across the board would be inflationary and slow the economy. Instead, “broad and immediate tariffs were…
WASHINGTON – President Donald Trump says he’ll put steep tariffs on Mexico and Canada – unless the U.S. neighbors toughen security at their borders. Trump said during an impromptu question and answer session with reporters that he was considering levying a blanket duty of 25% on Feb. 1 on both nations over illegal migration and…
Donald Trump’s first trade war hurt American soybean farmers to the tune of $11 billion. A sequel is set to be even worse. The humble bean was the poster child of Trump’s first tariff spat with China, with American shipments to the world’s top buyer of the commodity tumbling 79% in the first two years…
WASHINGTON − President-elect Donald Trump threatened the BRIC group of emerging-market nations on Saturday, warning that he would impose 100% tariffs if they make any moves to undermine the U.S. dollar. Trump’s comment, made on his Truth Social platform, is in apparent response to efforts to challenge or replace the U.S. dollar as the primary…