U.S. Economy
Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, January 31, 2025. Carlos Osorio | Reuters Ontario will pull all American alcohol from its government-run liquor shelves beginning Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports. Outlets of the Liquor Control Board […]
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‘It doesn’t have to be this way’: Canada, Mexico and China respond to Trump’s tariffs
Canadian, Mexican and Chinese flags. Nurphoto | Nurphoto | Getty Images U.S. President Donald Trump on Saturday imposed long-threatened tariffs on imports from Canada, Mexico and China — and it didn’t take long for the countries to respond. Trump signed an order slapping 25% tariffs on goods from Mexico and Canada, and a 10% duty […]
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‘Tariffs are not the answer’: Industry and corporate leaders react to Trump duties on Mexico, Canada and China
Aerial view of trucks queueing next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images Industry and corporate leaders are weighing in after U.S. President Donald Trump followed through with his threat to […]
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Inside the planning for Trump’s new tariffs war, from the biggest company to the smallest family business
President Trump is planning to impose 25% tariffs on Mexico and Canada on Saturday, and 10% tariffs on China, making a signature campaign promise and core economic philosophy of his administration reality, with implications for everything from oil to autos to the U.S consumer. But for many companies across the economy, the preparations for a […]
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Here’s how tariffs on Canada, China and Mexico may impact U.S. consumers
Key Points President Donald Trump is imposing a 25% tariff on Canada and Mexico and a 10% tariff on China starting on Saturday, the White House said. Tariffs will likely result in higher prices for U.S. consumers, both directly and indirectly, economists say. Tariffs are a tax on foreign imports that are paid by the […]
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Fed meeting recap: Powell says central bank is in no hurry to cut rates again
Range of possibilities is ‘very, very wide’ for tariff effects There is a wide range of possibilities when it comes to the potential effects of tariffs, according to Fed Chair Powell. “The range of possibilities is very, very wide,” he said. “We don’t know for how long or how much, what countries. We don’t know […]
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Why U.S. tech companies struggle to replicate China’s WeChat ‘super app’ model
Think about the apps you use on your phone every day. Studies have shown Americans use an average of 46 mobile apps each month to complete a variety of everyday tasks. Now imagine if you could combine all of those programs into a single, standalone app. A one-stop shop to socialize with friends, order food, […]
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World’s biggest sovereign wealth fund warns markets at risk from tariff-fueled inflation
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Norway’s $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector. Bloomberg | Bloomberg | Getty Images […]
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Trump inauguration live updates: TikTok, energy and immigration top targets for ‘day one’ executive actions
Trump to call for a ‘revolution of common sense’ U.S. President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024, in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images Trump’s inaugural address will feature a memorable line calling for […]
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Trump expected to sign more than 50 executive orders Monday
US President-elect Donald Trump reacts during a MAGA victory rally at Capital One Arena in Washington, DC, on January 19, 2025, one day ahead of his inauguration ceremony. Jim Watson | Afp | Getty Images Donald Trump plans to sign more than 50 executive orders Monday — and possibly more than 100 — on the […]
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