Montreal, Canada – In his first speech as Canada’s prime minister-designate, Mark Carney delivered what observers have described as a stunning statement. “I know that these are dark days,” Carney told a room full of supporters on Sunday after he won the race to lead the governing Liberal Party. “Dark days brought on by a country…
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world….
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world….
President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America’s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now. It was the latest in a week of chaotic trade moves,…
As he prepares to introduce new tariffs on foreign metals this week, President Trump has vowed not to grant the types of exclusions and exemptions that were common during his first trade war. But he has already undercut that tough position on other tariffs. After lobbying from automakers, farmers and other industries, Mr. Trump quickly…
Mark Carney, the former central banker who oversaw the response to financial crises in North America and the UK, will become the next prime minister of Canada after winning the race to lead the country’s federal Liberal party. Carney, 59, takes on the role as Canada is locked in a potentially catastrophic trade war with…
Meltdown The markets have spoken. The S&P 500 is on track for its worst weekly loss since the collapse of the Silicon Valley Bank crisis two years ago. And investors have wiped out post-Election Day gains as President Trump’s dizzying start-stop tariff policy fuels volatility on trading floors and in boardrooms. Another test comes this…
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused. Most everyone involved was confused,…
United States President Donald Trump has escalated his war of words with Canadian Prime Minister Justin Trudeau, hinting at rocky negotiations as Canada seeks to deescalate a growing trade war. On Wednesday, Trump turned to his social media platform Truth Social to give his version of a midday phone call he held with Trudeau. “The…
President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling, and provoked retaliation…
