Trade
Trump tariffs live updates: U.S. could exclude auto industry, White House expected to make announcement
Bloomberg: U.S. weighing one-month delay on auto tariffs The U.S. administration is considering delaying tariffs on automobiles from Mexico and Canada by one month, Bloomberg News reported, citing people familiar with the matter. Administration officials met with the heads of Ford, General Motors and Stellantis on Tuesday, with another meeting set for Wednesday, the Bloomberg […]
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All negative economic data is ‘Biden data’ and Trump will fix the economy, Commerce chief Lutnick says
US President Donald Trump acknowledging the crowd following his inauguration as the 47th President of the United States in the rotunda of the United States Capitol in Washington, DC, USA, 20 January 2025. Shawn Thew | Via Reuters Commerce Secretary Howard Lutnick argued Wednesday that former President Joe Biden — not his boss, President Donald […]
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Canada requests WTO consultations with U.S. over ‘unjustified tariffs’, says ambassador
Canada’s Prime Minister Justin Trudeau speaks during a news conference about the US tariffs against Canada on March 4, 2025 on Parliament Hill in Ottawa, as Foreign Minister Melanie Joly (L) and Minister of Finance and Intergovernmental Affairs Dominic Leblanc look on. Dave Chan | Afp | Getty Images Canada has requested consultations with the […]
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Trump touts BlackRock’s Panama Canal ports deal, says U.S. is ‘reclaiming’ waterway
US President Donald Trump speaks during an address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Mandel Ngan | Via Reuters President Donald Trump on Tuesday touted the U.S. asset management firm BlackRock’s deal to buy two Panama Canal ports as a positive step in his […]
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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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Trump’s Mexico tariffs could raise produce prices in the next few days, Target CEO says
Shoppers will likely see produce prices increase in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday. The Trump administration’s 25% levies on goods from Mexico and Canada, along with an additional 10% duty on Chinese imports, took effect Tuesday. Cornell said Target relies heavily on […]
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Trump ‘bump’ disappears as the S&P 500 is now negative since the election
President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City. Spencer Platt | Getty Images The S&P 500 has now lost all of its post-election gains as […]
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Canada, Mexico tariffs create ‘ripple effects’ on consumer prices, economist says
Key Points President Donald Trump imposed a 25% tariff on imports from Canada and Mexico on Tuesday. He put a lower 10% tariff on Canadian energy, and another 10% levy on China. Canada and Mexico are the largest trading partners of the United States. Businesses are expected to raise prices for consumer goods as a […]
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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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