WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go…
ATLANTA (AP) — President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico. The move fulfills campaign promises but also sparked retaliatory moves that could signal an extended trade war with key trading partners and, in the case of Mexico and Canada, the closest U.S. neighbors and…
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater…
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…
WASHINGTON (AP) — The Department of Government Efficiency, run by President Donald Trump’s billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data including Social Security and Medicare customer payment systems, according to two people familiar with the situation. The move by DOGE, a Trump administration task force assigned to find…
Hong Kong’s finance chief should spend within the city’s means given the expected whopping deficit, a rural leader has said after drawing a fortune stick that advised residents against greed as part of a Lunar New Year ritual. Kenneth Lau Ip-keung, chairman of powerful rural body the Heung Yee Kuk, drew a “neutral” stick at…
Tax season is now underway, with the IRS accepting returns for all taxpayers as of Jan. 27. That’s prompting many people to turn to the “Where’s my refund?” app from the tax agency to track when they’ll get their check. Americans are expected to file about 140 million returns before the April 15 deadline. Last…
It was what Wall Street wanted. And this week at least, it’s what Wall Street is getting: A market-friendly Donald Trump – talking up policies to boost growth and lower taxes, while dialing back plans to immediately disrupt the world trading order. Despite the protectionist threats of the campaign trail, Trump held off on imposing…
A key economic priority for President Trump this year is to extend the provisions in his signature Tax Cuts and Jobs Act, a 2017 law that lowered tax rates for most Americans, before they expire at the end of 2025. Now, Republican lawmakers have developed a 50-page laundry list of ideas for how to pay…
President Donald Trump stepped up pressure on Russia to negotiate an end to the war in Ukraine, and threatened financial penalties on the country if it refuses to conclude fighting swiftly. In a Truth Social post on Wednesday, Trump said Russian President Vladimir Putin should make a deal “soon,” or else he would “have no…