"It may be too late": Inflation fears spike as Trump pushes tariffs
1 month, 3 weeks ago

"It may be too late": Inflation fears spike as Trump pushes tariffs

Salon  

American consumers are growing increasingly worried about how President Donald Trump’s tariffs could affect inflation that has persisted into his second term. A University of Michigan consumer survey for February showed that respondents expect the inflation rate a year from now to be 4.3%, a 1 percentage point jump from January and the highest level since November 2023, CNBC reported. Related China tariffs may have widespread effect Consumer sentiment, which measures how people feel about the health of the economy, dropped to 67.8 from January's 71, in line with expectations from economists polled by Reuters. Hsu said the collective decline in consumer sentiment, current economic conditions and consumer expectations reflected “a perception that it may be too late to avoid the negative impact of tariff policy.” “Higher prices from tariffs are the number one financial concern for Americans, as the weight of inflation is still oppressive to family budgets, especially among those with lower incomes,” Robert Frick, corporate economist at Navy Credit Union, told CNBC.

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History of this topic

Canadian tariffs to hit US cities in Trump-won states hardest: Report
1 day, 22 hours ago

Canadian tariffs to hit US cities in Trump-won states hardest: Report

India Today  

The US cities most vulnerable to a trade war with Canada turn out to largely be in the states that helped return Donald Trump to the White House — a sign of the possible political risk he's taking with his tariff plans. A new analysis released Thursday by the Canadian Chamber of Commerce detailed the areas most dependent on exports …

Trump threatens 'far larger tariffs' if EU, Canada unite to cause harm to US
Top News
1 day, 22 hours ago

Trump threatens 'far larger tariffs' if EU, Canada unite to cause harm to US

India Today  

US President Donald Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together "to do economic harm to the USA." "If the European Union works with Canada in order to do economic harm to the USA, large-scale tariffs, far larger than currently planned, will be placed on them both …

Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues
Trending News
2 days ago

Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues

The Hindu  

U.S. President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. Mr. Trump has long said that tariffs against auto imports would be a defining policy of his presidency, betting that …

Trump may impose copper tariffs sooner than expected, prices hit record high
2 days, 14 hours ago

Trump may impose copper tariffs sooner than expected, prices hit record high

Firstpost  

The US is preparing to impose new tariffs on copper imports, with a decision expected within weeks—much earlier than initially planned. US President Donald Trump is likely to impose tariffs on copper imports. Trump directs investigation into copper tariffs Earlier, in February, Trump directed the Commerce Department to open an investigation into potential copper tariffs and submit a report within …

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?
2 days, 15 hours ago

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?

Firstpost  

Instead of making America great again, President Donald Trump’s economic and trade policies, ranging from tariffs to unfunded tax cuts and borrowings, appear to be driving the nation towards stagflation US President Donald Trump has promised to make America great again, but he appears to be unleashing a ticking time bomb on the US economy. Trump economic and trade policies, …

Trump has begun another trade war. Here’s a timeline of how we got here
3 days, 4 hours ago

Trump has begun another trade war. Here’s a timeline of how we got here

Associated Press  

NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty. On his first day in office, Trump also says he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to immediately flesh out plans …

China calls on nations to open markets amid looming Trump tariffs
5 days, 3 hours ago

China calls on nations to open markets amid looming Trump tariffs

Firstpost  

Chinese Premier Li Qiang urged countries to open their markets to combat “rising instability and uncertainty” at a business forum in Beijing on Sunday, as China braces for further U.S. tariffs. Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world anticipates U.S. President Donald Trump’s announcement of additional tariffs on trading partners next month. …

Do tariffs raise inflation?
1 week ago

Do tariffs raise inflation?

Live Mint  

Mountain-naming turned out to be a curiously high priority for Donald Trump. During Mr Trump’s last sortie against Chinese manufacturing in 2018-19, prices of impacted items went up roughly one-for-one with higher tariffs. For his part, Mr Miran argued in a recent paper that the greenback’s popularity imposes “externalities" on America’s economy, since demand for assets yanks the dollar above …

Tariffs give the Fed an inflation foil
1 week, 1 day ago

Tariffs give the Fed an inflation foil

Live Mint  

President Trump likes to blame Federal Reserve Chairman Jerome Powell for any trouble in the economy, but on Wednesday Mr. Powell was able to blame Mr. Trump’s tariffs for at least some of an anticipated inflation rebound. Instead, Mr. Powell shifted the focus to the tariffs Mr. Trump keeps threatening against all and sundry as an explanation for whatever might …

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
1 week, 1 day ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week, 2 days ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says
1 week, 2 days ago

Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says

The Hindu  

The Trump administration on April 2 will give trading partner countries a proposed U.S. tariff rate based on their own rates, non-tariff trade barriers and other factors— along with an opportunity to negotiate to avoid a "tariff wall," U.S. Treasury Secretary Scott Bessent said on Tuesday. "On April 2, each country will receive a number that we believe represents their …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 2 days ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

"Progress may be delayed": Powell blames stubborn inflation on Trump tariffs
1 week, 2 days ago

"Progress may be delayed": Powell blames stubborn inflation on Trump tariffs

Salon  

Federal Reserve Chair Jerome Powell blamed President Donald Trump's chaotic raft of tariffs for the slow progress of the central bank's fight against inflation on Wednesday. While defending the decision, Powell noted the "unusually elevated" uncertainty around the U.S. economy in the early months of Trump's presidency. “With the arrival of the tariff inflation, further progress may be delayed,” Powell …

US dollar tumbles over 6% from January peak to near 5-month lows as economic concerns mount
1 week, 3 days ago

US dollar tumbles over 6% from January peak to near 5-month lows as economic concerns mount

Live Mint  

The US dollar, the world's reserve currency, hovered near a five-month low against major peers in Tuesday's session, as concerns over a slowdown in the American economy—amid escalating trade tensions from Donald Trump's tariff wars—dented sentiment, causing the greenback to fall 6.4% from its January high of 110. US Fed policy in focus The Federal Open Market Committee is set …

Slowdown imminent? Trump's trade policies threaten inflation, warns OECD
Trending News
1 week, 3 days ago

Slowdown imminent? Trump's trade policies threaten inflation, warns OECD

India Today  

Donald Trump's trade policies have put the world on a path to slower growth and higher inflation, the Organisation for Economic Co-operation and Development warns in its latest report. A 10-percentage-point increase in tariffs could shrink global economic output by 0.3 per cent by 2026. The OECD projects that if the US raises tariffs on all non-commodity imports and other …

US tariff increases to slow global economy, boost inflation, OECD says
1 week, 4 days ago

US tariff increases to slow global economy, boost inflation, OECD says

Live Mint  

Higher U.S. tariffs on imports are set to slow economic growth and push inflation higher around the world, with further increases threatening an even more severe downturn, the Organization for Economic Cooperation and Development said. The OECD said fresh increases in taxes on imports would do further harm to the global growth outlook and U.S. prospects. While the tariffs would …

US Sentiment Drops, Price Expectations Soar on Tariffs
1 week, 4 days ago

US Sentiment Drops, Price Expectations Soar on Tariffs

Live Mint  

-- US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. The preliminary March sentiment index dropped to 57.9, the lowest level since November 2022, from 64.7 a month earlier, according to University of Michigan data issued Friday. As the scope …

Donald Trump adamant on April 2 reciprocal tariff plan, vows ‘liberating day for US’
1 week, 4 days ago

Donald Trump adamant on April 2 reciprocal tariff plan, vows ‘liberating day for US’

Hindustan Times  

Donald Trump said on Sunday that he has no intention to create exemptions on steel and aluminium tariffs and said that reciprocal tariffs on US trade partners will be imposed on April 2 alongside sectoral tariffs. Reciprocal tariffs would mean that the Trump administration would impose tariff rates on imports into the US based a calculation incorporating tariff and non-tariff …

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says
1 week, 4 days ago

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

CNN  

CNN — President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate, the Organisation for Economic Co-operation and Development said Monday. The OECD report shows what US markets have been signaling for …

Tesla Tells Trump Administration It’s Worried About Tariff Trade Wars
2 weeks ago

Tesla Tells Trump Administration It’s Worried About Tariff Trade Wars

Huff Post  

LOADING ERROR LOADING Electric car company Tesla is asking President Donald Trump’s administration to “consider the downstream impacts” of retaliatory tariffs in Trump’s trade war with multiple countries. The March 11 letter to the U.S. Trade Representative’s Office, which is reportedly unsigned but on the company letterhead, warned that Trump’s tariffs ― including a 25% tariff on all steel and …

Whipsawed by Trump’s tariffs, the US public is getting a lot more nervous about the economy
2 weeks ago

Whipsawed by Trump’s tariffs, the US public is getting a lot more nervous about the economy

Associated Press  

WASHINGTON — President Donald Trump’s volatile tariff threats are unleashing historic jumps in public anxiety, with the potential to undermine his pledges to strengthen a U.S. economy that is increasingly weakened. Along with a ferocious stock market selloff and downgrades to growth estimates by Wall Street economists, the latest confidence numbers are evidence of possible blowback facing Trump, who just …

American consumer sentiment plunges on trade war fears
2 weeks ago

American consumer sentiment plunges on trade war fears

CNN  

Washington CNN — The Trump bump in consumer sentiment is now a Trump slump. Americans’ expectations for inflation in the year ahead climbed to 4.9% this month from 4.3%, the highest level since November 2022 “and marking three consecutive months of unusually large increases of 0.5 percentage points or more,” according to a release. “And the biggest driver of consumption …

American consumer sentiment plunges on trade war fears
2 weeks ago

American consumer sentiment plunges on trade war fears

CNN  

Washington CNN — The Trump bump in consumer sentiment is now a Trump slump. Americans’ expectations for inflation in the year ahead climbed to 4.9% this month from 4.3%, the highest level since November 2022 “and marking three consecutive months of unusually large increases of 0.5 percentage points or more,” according to a release. “And the biggest driver of consumption …

Trump has begun another trade war. Here’s a timeline of how we got here
2 weeks, 1 day ago

Trump has begun another trade war. Here’s a timeline of how we got here

Associated Press  

NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. On his first day in office, Trump also says he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to immediately flesh out plans …

Wall Street Tumbles 10% Below Its Record After Trump Escalates His Trade War
Trending News
2 weeks, 1 day ago

Wall Street Tumbles 10% Below Its Record After Trump Escalates His Trade War

Huff Post  

LOADING ERROR LOADING NEW YORK — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. Trump’s latest escalation came Thursday when he threatened 200% tariffs on Champagne and other European wines, unless the European Union rolls back a …

Market strategist calls Trump tariffs 'trade barriers' that will lead to 'stagflation'
2 weeks, 1 day ago

Market strategist calls Trump tariffs 'trade barriers' that will lead to 'stagflation'

Raw Story  

Ed Yardeni, whom CNBC calls "one of the biggest bulls on Wall Street," claimed President Donald Trump’s extensive tariffs are raising the risk of "stagflation." CNBC reported that Yardeni sent a note to clients Thursday, saying, “It has dawned on Wall Street that President Trump’s tariffs aren’t negotiating chips to help the U.S. lower tariffs around the world, promoting free …

Trump’s tariff war: Who’s fighting back, who’s not? What about India?
2 weeks, 1 day ago

Trump’s tariff war: Who’s fighting back, who’s not? What about India?

Firstpost  

US President Donald Trump has imposed sweeping tariffs, including a 25 per cent levy on steel and aluminium imports and a 25 per cent tariff on goods from Mexico and Canada, with limited exemptions. Trump’s tariffs on Canada and Mexico On March 4, the Trump administration imposed a 25 per cent import tariff on goods from Canada and Mexico, with …

Trump Threatens To Escalate Global Trade War After EU Announces ‘Counter Measures’ Over Tariffs
Trending News
2 weeks, 1 day ago

Trump Threatens To Escalate Global Trade War After EU Announces ‘Counter Measures’ Over Tariffs

ABP News  

US President Donald Trump threatened to escalate the global trade war with further tariffs on European Union goods if the EU plans to follow through with its planned counter-tariffs up to €26 billion on certain US products next month. Trump said he would impose additional penalties if the EU follows through with its plan to enact counter-tariffs on some US …

As global tariff tensions rise, here's the latest on U.S. trade with top partners
2 weeks, 1 day ago

As global tariff tensions rise, here's the latest on U.S. trade with top partners

NPR  

As global tariff tensions rise, here's the latest on U.S. trade with top partners toggle caption Cole Burston/AFP via Getty Images In less than two weeks, President Trump has upended global markets by imposing tariffs on imports from several of America's top trading partners. The United Kingdom Unlike the EU, the U.K. has taken what British Prime Minister Keir Starmer …

Canada retaliates against Donald Trump, announces tariffs: 'Need to fight nonsense'
Top News
2 weeks, 2 days ago

Canada retaliates against Donald Trump, announces tariffs: 'Need to fight nonsense'

Hindustan Times  

Canada on Wednesday announced new 25% counter-tariffs on about C$30 billion of US-made items after the Donald Trump administration implemented global levies on imports of steel and aluminium. Canadian finance minister Dominic LeBlanc said the retaliatory measures will target US steel and aluminium products as well as consumer items such as computers and sporting goods. Earlier this month, the Canadian …

Canada announces additional tariffs of $29 billion on U.S. goods
2 weeks, 2 days ago

Canada announces additional tariffs of $29 billion on U.S. goods

The Hindu  

Major U.S. trading partners announced countermeasures on Wednesday to President Donald Trump's blanket steel and aluminum tariffs, hours after the levies took effect in a salvo that fueled trade tensions globally. Canada announces additional tariffs of $29 billion on U.S. goods The European Commission swiftly unveiled retaliation starting in April, while Canada announced additional tariffs on US goods and China …

'Following dollar for dollar approach': Canada announces 25% tariffs on nearly $30bn in US imports from Thursday
2 weeks, 2 days ago

'Following dollar for dollar approach': Canada announces 25% tariffs on nearly $30bn in US imports from Thursday

Firstpost  

Hours after President Donald Trump’s sweeping 25% tariffs on all steel and aluminum imported into the US came into effect, Canada on Wednesday retaliated with levies of the same amount on almost $30 billion in imports from the US, according to a report Finance Minister Dominic LeBlanc gestures during a news conference on tariffs in Ottawa on Wednesday. AP Hours …

'Following dollar for dollar approach': Canada announces 25% tariffs on nearly $30bn in US imports from Thursday
2 weeks, 2 days ago

'Following dollar for dollar approach': Canada announces 25% tariffs on nearly $30bn in US imports from Thursday

Firstpost  

Hours after President Donald Trump’s sweeping 25% tariffs on all steel and aluminum imported into the US came into effect, Canada on Wednesday retaliated with levies of the same amount on almost $30 billion in imports from the US, according to a report Finance Minister Dominic LeBlanc gestures during a news conference on tariffs in Ottawa on Wednesday. AP Hours …

US inflation may have slowed slightly last month but tariffs threaten reversal
2 weeks, 2 days ago

US inflation may have slowed slightly last month but tariffs threaten reversal

Associated Press  

WASHINGTON — U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump’s tariffs are widely expected to keep prices elevated in the coming months. If price increases stay stubbornly high, that could create political problems for Trump, who promised as a candidate to “knock the hell out of inflation.” And …

U.S. President Donald Trump's 25% tariffs on all steel, aluminum imports go into effect
Trending News
2 weeks, 2 days ago

U.S. President Donald Trump's 25% tariffs on all steel, aluminum imports go into effect

The Hindu  

U.S. President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. That's a bigger win than the tariffs themselves, but the tariffs are going …

Trump's 25% tariffs on steel, aluminium go into effect
2 weeks, 2 days ago

Trump's 25% tariffs on steel, aluminium go into effect

Firstpost  

Amid market volatility and risk of retaliation, US President Donald Trump has gone ahead with 25% tariffs on all steel and aluminium imports In the latest tranche US President Donald Trump’s tariff war on the world, 25 per cent tariffs on steel and aluminium imports came into effect on Wednesday. Stepping up his territorial and economic aggression on Canada, Trump …

'Cooler heads prevailed': Trump walks back on threat of 50% tariffs on Canadian steel imports
2 weeks, 2 days ago

'Cooler heads prevailed': Trump walks back on threat of 50% tariffs on Canadian steel imports

Firstpost  

Trump decided to press pause on the tariffs after a decision by the Canadian province of Ontario to suspend the new 25 per cent charge on electricity it exports to certain northern states in the United States US President Donald Trump has paused the plan to impose 50% tariffs on Canadian steel and metal imports. Reuters US President Donald Trump …

'Cooler heads prevailed': Trump walks back on threat of 50% tariffs on Canadian steel imports
2 weeks, 2 days ago

'Cooler heads prevailed': Trump walks back on threat of 50% tariffs on Canadian steel imports

Firstpost  

Trump decided to press pause on the tariffs after a decision by the Canadian province of Ontario to suspend the new 25 per cent charge on electricity it exports to certain northern states in the United States US President Donald Trump has paused the plan to impose 50% tariffs on Canadian steel and metal imports. Reuters US President Donald Trump …

US inflation cooled in February, but Trump’s tariff plans and trade war loom
2 weeks, 2 days ago

US inflation cooled in February, but Trump’s tariff plans and trade war loom

CNN  

CNN — Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans. February’s inflation numbers came in better than expected thanks in part to two big — and very welcome — …

"Don’t know what this is gonna look like tomorrow": Trump advisers, allies spooked by tariff chaos
2 weeks, 2 days ago

"Don’t know what this is gonna look like tomorrow": Trump advisers, allies spooked by tariff chaos

Salon  

You don't need to venture far from the Oval Office to find critics of President Donald Trump's chaotic economic agenda. That's the news from the Wall Street Journal, who spoke with insiders in Trump's White House and found that the volatile stock market and tariff-induced uncertainty have rattled senior officials like Chief of Staff Susie Wiles. “Every member of the …

Trump imposes sweeping 25% steel and aluminum tariffs. Europe immediately retaliates
Top News
2 weeks, 2 days ago

Trump imposes sweeping 25% steel and aluminum tariffs. Europe immediately retaliates

CNN  

CNN — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans. And to prevent companies from importing finished goods to …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 2 days ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

Trump imposes sweeping 25% steel and aluminum tariffs. Europe immediately retaliates
Top News
2 weeks, 2 days ago

Trump imposes sweeping 25% steel and aluminum tariffs. Europe immediately retaliates

CNN  

CNN — President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans. And to prevent companies from importing finished goods to …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 2 days ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

Trump has begun another trade war. Here’s a timeline of how we got here
2 weeks, 2 days ago

Trump has begun another trade war. Here’s a timeline of how we got here

LA Times  

Trucks loaded with cargo travel in Mexico. In his inaugural address, he again promises to “tariff and tax foreign countries to enrich our citizens.” On his first day in office, Trump also says he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to immediately flesh out plans for taxing Chinese imports. Feb. 1 …

Trump escalates trade dispute by raising tariffs on Canadian Steel and Aluminum to 50 per cent
2 weeks, 3 days ago

Trump escalates trade dispute by raising tariffs on Canadian Steel and Aluminum to 50 per cent

Op India  

President Donald Trump announced Tuesday that he has directed his administration to increase tariffs on Canadian steel and aluminium imports by an additional 25%, raising the total duty to 50%. Trump stated that the tariff hike was in response to Ontario Premier Doug Ford’s decision to impose a 25% tax on electricity exports to the U.S.—a move that itself was …

Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies
Trending News
2 weeks, 3 days ago

Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies

New Indian Express  

WASHINGTON: President Donald Trump said that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbor. Trump said the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on …

Trump reverses new tariffs threat on Canada after Ontario rescinds electricity charges
Top News
2 weeks, 3 days ago

Trump reverses new tariffs threat on Canada after Ontario rescinds electricity charges

CNN  

CNN — President Donald Trump backed down from an extraordinary trade war escalation Tuesday that had threatened a massive surge in tariffs on Canadian steel and aluminum and new tariffs on Canadian electricity. President Donald Trump earlier on Tuesday threatened a 50% tariff on the country’s aluminum and steel, a sharp escalation in the budding trade war with Canada in …

Trump has begun another trade war. Here’s a timeline of how we got here
2 weeks, 4 days ago

Trump has begun another trade war. Here’s a timeline of how we got here

Associated Press  

NEW YORK — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. Share Share Facebook Copy Link copied Print Email X LinkedIn Bluesky Flipboard Pinterest Reddit Trump launches a trade war during his first term in office — taking particular aim at …

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