Trade
A bare-bones deal is Europe’s best hope in trade talks with the U.S., sources say
The EU and US flags flutter next to the military hub for Ukraine, in Jasionka, south-east Poland on March 6, 2025. Sergei Gapon | Afp | Getty Images The clock is ticking in trade talks between Washington and the European Union, with European officials now saying their best hope is striking a “political” deal before […]
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White House says Canada ‘caved’ to Trump over digital services tax
The White House claimed Monday that Canada “caved” to President Donald Trump by hastily rescinding its digital services tax after the president threatened to shut down trade negotiations between the two major trading partners. “It’s very simple: Prime Minister [Mark] Carney and Canada caved to President Trump and the United States of America,” press secretary […]
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UK autos spared under U.S. tariff cut but steel still in question
Prime Minister Keir Starmer speaks during a visit to a Jaguar Land Rover car factory on April 7, 2025 in Birmingham, United Kingdom. Wpa Pool | Getty Images News | Getty Images LONDON – The U.K.-U.S. trade deal comes into play on Monday, giving a preferential tariff rate to British cars imported to America, while […]
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CNBC Daily Open: The S&P 500’s high is a gift from Trump that can be taken away
U.S. President Donald Trump takes part in a press conference on recent Supreme Court rulings in the briefing room at the White House on June 27, 2025, in Washington, DC, U.S. Joe Raedle | Getty Images News | Getty Images Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the […]
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Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via Reuters Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States, […]
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CNBC Daily Open: The S&P 500 hits a high — but as Trump gives, so can he take
U.S. President Donald Trump speaks to the media at the White House in Washington D.C., U.S., June 27, 2025. Ken Cedeno | Reuters Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the S&P 500 broke its previous record. Celebrations were shared with the Nasdaq Composite, which also hit a […]
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How China could shut down auto factories around the world
China’s dominance of the global supply chain is starting to hurt automakers. On April 4, the country cut off exports of a class of minerals called “heavy rare earth elements,” and it sent the global auto industry into a panic. Rare earths are a class of 17 elements that have become indispensable in all kinds […]
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Trump ends all U.S. trade talks with Canada over digital services tax
U.S. President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a […]
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Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases […]
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Europe will buy more American weapons and pave way for trade deal, EU Council chief says
BRUSSELS, BELGIUM – DECEMBER 18: President of the EU Council Antonio Luis Santos da Costa talks to media (Photo by Thierry Monasse/Getty Images) Thierry Monasse | Getty Images News | Getty Images NATO’s agreement to more than double allies’ defense spending targets will rebalance Europe’s trade relations with the U.S. and see the region buy […]
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