Canada
Trump tariff compromises with Mexico and Canada teased by Commerce Secretary Lutnick
President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added. Lutnick’s comments came minutes after the U.S. stock market limped […]
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Here’s how tariffs will hit the U.S. housing market
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBC From lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders. The cost of those products is about to go up, as President Donald Trump’s administration imposes tariffs on […]
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Inflation from Trump’s trade tariffs is going to hit soon, says shipping giant Maersk
The Maersk Halifax, on the Central and South America route, berths at the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, on November 10, 2024. Nurphoto | Nurphoto | Getty Images As a result of President Trump’s tariffs on Mexico and Canada, prepare for higher prices to hit soon. That is the […]
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Trump’s tariffs could quickly cut North American auto production by a third
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — Roughly a third of vehicle production in North America could be cut by next week as a […]
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Investors who bet on ‘Trump-lite’ get burned as hefty tariffs rock markets
Investors are finally taking President Donald Trump’s tariffs seriously, with the result being some ugly consequences for stocks. Stocks have chugged along since the election, even notching fresh all-time highs, as the “Trump-lite” narrative — as JPMorgan’s Maia Crook called it Monday — led to investor confidence that the current administration’s pro-growth policies would more […]
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Trump’s tariffs showcase his extraordinary presidential power — and its limitations
U.S. President Donald Trump reacts as he speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | Reuters U.S. importers and their customers are about to experience the full force of President Donald Trump’s unprecedented use of […]
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Trump tariffs live updates: Mexico president says retaliatory tariffs coming Sunday
Mexico will announce retaliatory tariffs on Sunday, Sheinbaum says Mexico’s President Claudia Sheinbaum holds a press conference a day before the imposition of tariffs by U.S. President Donald Trump, at the National Palace in Mexico City, Mexico March 3, 2025. Luis Cortes | Reuters Mexican President Claudia Sheinbaum is now speaking about the U.S. tariffs, […]
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Stocks making the biggest moves premarket: Nvidia, Tesla, Target, Illumina and more
Check out the companies making headlines before the bell. Nvidia — Shares fell another 3%, extending the chipmaker’s nearly 9% decline Monday after President Donald Trump enacted tariffs on Canada and Mexico starting Tuesday. Investors remain concerned about how tariffs and greater export restrictions will affect Nvidia’s business in China. After Monday’s sell-off, Nvidia was worth […]
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Nvidia shares fall 9% on tariff fears
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025. Steve Marcus | Reuters Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The chipmaker’s […]
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