Policymakers are grappling with “exceptionally high” uncertainty, Christine Lagarde, the president of the European Central Bank, said on Wednesday, just hours after the European Commission announced tariffs on U.S. imports in response to levies imposed by the Trump administration. Later, Canada announced a new round of retaliatory tariffs on U.S. imports. The unpredictability of trade…
The European Union is putting tariffs on a range of products from the United States in retaliation to President Trump’s steel and aluminum tariffs, and items that come from Republican-held states rank high on the hit list. The European Union plans to institute the tariffs in two phases: The first wave will take hold on…
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,…
Starting in late January, President Trump suspended two programs that provide American aid to international nuclear inspectors, potentially undermining his own goal of preventing Iran from developing a nuclear arsenal. Though one of the programs has since been restored, the outcome of the actions has been to weaken confidence in an effort that for decades…
For the past two days, under the soft lights of chandeliers in a Marriott basement a block from the White House, energy ministers and tech founders from across Africa gathered to discuss how best to bring electricity to more than 600 million people on the continent who have none. Much of their hope, and fear,…
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,…
President Trump said on Thursday that he would allow both Mexico and Canada to avoid tariffs on most exports to the United States for one month, saying he would exempt products that are traded under the rules of the U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term. The move came a day…
South Africa is preparing a new trade offer to present to President Trump, hoping to appeal to his transactional approach to foreign policy and ease boiling tensions with Washington, a spokesman for South Africa’s president said this week. The spokesman, Vincent Magwenya, said in an interview that South African officials are anticipating Mr. Trump will…
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…
Sweeping tariffs imposed by President Trump threatened economic upheaval for consumers and businesses in the United States on Tuesday as the country’s biggest trading partners struck back, raising fears of a burgeoning trade war. Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. President Claudia Sheinbaum of Mexico said…
