WASHINGTON (Reuters) -U.S. President Donald Trump on Friday abruptly cut off trade talks with Canada over its tax targeting U.S. technology firms, calling it a “blatant attack” and saying that he would set a new tariff rate on Canadian goods … Read More
President Trump has several tools at his disposal that he can use to impose tariffs despite a court ruling that ordered the reversal of his hefty “Liberation Day” taxes, two major Wall Street banks said on Thursday. The US Court … Read More
Walmart will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, even as the retailing giant’s U.S. comparable sales surpassed expectations in the first quarter. Shares of the Bentonville, Arkansas-based … Read More
The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and UK. The announcement offers relief … Read More
Senior US and Chinese officials will meet in Switzerland this week to restart stalled trade talks after President Donald Trump’s tariff rollout, both countries said. The discussions mark the first public engagement to ease trade tensions since Trump’s January return … Read More
BEIJING/WASHINGTON, May 1 (Reuters) – The United States has approached China seeking talks over President Donald Trump’s 145% tariffs, a social media account affiliated with Chinese state media said on Thursday, potentially signalling Beijing’s openness to negotiations. “The U.S. has … Read More
Greetings friends, Big news this week includes the Canadian election. Mark Carney will remain Prime Minister as the liberal party retains power, albeit with a minority government. Carney, formerly central bank chair for both Canada and the UK, benefited from … Read More
WASHINGTON, April 23 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump’s administration signaled openness to de-escalating a trade war between the world’s … Read More
China has suspended rare earth exports in retaliation to President Trump’s recent tariff hikes, The New York Times reported. The Chinese government is drafting a new regulatory system for exports, and while the policies are being framed, the shipments of … Read More
Ten tariff questions aren’t being asked — but should be. 1) President Trump’s so-called “trade war.” Many call the American effort to obtain either tariff parity or a reduction in the roughly $1 trillion trade deficit and 50 years of … Read More