Trump says US economy in 'transition' as trade war escalates
US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration's flip-flopping on tariff threats against some of its closest trading partners. Asked if he was expecting a recession this year, Trump said there was a "period of transition" taking place.
China learned from Trump’s first trade war and changed its tactics when tariffs came again
The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.
Trump Admits He’s Willing to Let Americans Suffer for His Trade War
As U.S. and Ukrainian officials prepare to meet in Saudi Arabia this week, President Donald Trump has privately made clear to aides that a signed minerals deal between Washington and Kyiv won’t be enough to restart aid and intelligence sharing with the war-torn country, according an administration official and another U.S. official.
Trump admin says tariffs meant for 'drug war, not trade war'
National Economic Council director Kevin Hassett said in an interview with ABC News' "This Week" that the tariffs are not meant to start a trade war. "What happened was that we launched a drug war, not a trade war, and it was part of the negotiation to get Canada and Mexico to stop shipping fentanyl across our borders," Hassett said.
'Feels like a betrayal': What Windsor is saying about US-Canada trade war, Trump
Korva herself didn’t want to talk politics with a Free Press reporter who had come to Windsor to gauge the mood in the city, but her comments shared one of the sentiments that was heard throughout the day: that people in the Windsor and Detroit areas are close, like family. Consternation at recent events was another.
Trump economic adviser: US ‘launched a drug war, not a trade war’ with Mexico, Canada
Kevin Hassett, the Trump administration’s national economic council director, said the United States has not launched a trade war with Mexico and Canada, but launched “a drug war.” Hassett joined
'We launched a drug war, not a trade war': Kevin Hassett
In an interview Sunday on ABC News' "This Week," President Trump’s top economic aide, Kevin Hassett, said the Trump administration launched a drug war, not a trade war, with Canada and Mexico. The tariffs are "part of a negotiation to get Canada and Mexico to stop shipping fentanyl across our borders,
Canadian backlash erupts over Trump’s tariffs. Trade war hits wine, spirits. What’s next?
‘I’m paying for these tariffs’: Businesses owner sets record straight on Trump's trade wars
Small business owners are struggling to keep up with Donald Trump's erratic trade policy. Human Gear chief executive Chris Miksovsky joins The Weekend to share how Trump's tariffs have impacted his company.
Canada's Final US Energy Tariff Warning to Donald Trump
Canada will enact a 25 percent tariff on energy flowing into parts of the U.S. on Monday, Ontario Premier Doug Ford said, as U.S. President Donald Trump plows on with his trade war with America's top trading partners.
US stock futures sink, yen gains on China deflationary pressures, trade war
Wall Street futures sank and the safe-haven yen strengthened early on Monday as building deflationary pressures in China ...
Canada Liberals announce Mark Carney as Trudeau's successor amid US trade war
Justin Trudeau, who was first elected prime minister in November 2015, announced on Jan. 6 his intention to resign as Liberal ...
‘Anger, frustration, fear, anxiousness’: How Canadians are feeling amid trade war with U.S.
Canada is gearing up to appoint a new Prime Minister today with countrywide elections for a new government to take place this ...
Marketplace2d
Jay Powell’s Fed navigated Trump’s first trade war. This time, it has less wiggle room.
The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.
How the Ukraine war increased U.S. dominance of the global arms trade
U.S. arms exports reached 43 percent of the worldwide total as Ukrainian imports skyrocketed following the Russian invasion, ...
Dollar starts week softer as tariffs weigh, yen rises
The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labour market, ...
Tony's Kansas City1h
How Much Will MAGA Trade War Cost Kansas & Missouri?!?
"A new projection from Yale University estimates tariffs affecting imports from Canada, Mexico, and China would cause consumer losses of up to $2,000 annually per household." ...
ABC7 New York2h
Ex-central banker Mark Carney to replace Justin Trudeau as Canada's prime minister after winning
Former central banker Mark Carney will become Canada's next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with U.S. President Donald Trump's trade ...