Further tariffs being considered for European Union and for energy, metals, pharmaceuticals, and semiconductor sectors

Politics

Pharmaceutical company says that it will not go ahead with investment at Speke, near LiverpoolDonald Trump’s White House will invoke emergency powers to introduce tariffs on Canada and Mexico, Reuters reports:Two sources familiar with the matter said that Trump was expected to invoke the International Emergency Economic Powers Act (IEEPA) as the legal basis for the tariffs, declaring a national emergency over fentanyl overdoses that killed nearly 75,000 Americans in 2023 and illegal immigration.The statute enacted in 1977 and modified after the 9/11 attacks in 2001 gives the president broad powers to impose economic sanctions in a crisis. Continue reading...

Economics

The tariffs on Mexico and Canada will start Saturday, the White House confirmed

Events

Tariffs on Mexico and Canada will start Saturday, the White House confirmed

Politics

Live rolling coverage of business, economics and financial markets as Smiths Group leads index after promising break-up of FTSE 100 engineering companyDonald Trump’s White House will invoke emergency powers to introduce tariffs on Canada and Mexico, Reuters reports:Two sources familiar with the matter said that Trump was expected to invoke the International Emergency Economic Powers Act (IEEPA) as the legal basis for the tariffs, declaring a national emergency over fentanyl overdoses that killed nearly 75,000 Americans in 2023 and illegal immigration.The statute enacted in 1977 and modified after the 9/11 attacks in 2001 gives the president broad powers to impose economic sanctions in a crisis. Continue reading...

Economics

Foreign minister Mélanie Joly holds meetings in Washington in attempt to avert trade war

Events

Canada, Mexico and China are the U.S.’s three largest trade partners

Politics

LVMH’s Arnault contrasts US ‘wind of optimism’ with ‘cold shower’ of France

Politics

The White House said President Trump will impose 25 percent tariffs on Canada and Mexico tomorrow, with another 10 percent going on China, brushing off concerns about a trade war.

Politics

White House confirms Trump’s tariffs on Canada, Mexico, and China will begin on Saturday

Politics

Press secretary Karoline Leavitt said earlier reports of 1 March date are false – announcing tariffs of 25% on Canada and Mexico and $10% on ChinaTrudeau: Canada will bring ‘forceful but reasonable’ retaliation to Trump tariffsSecretary of state Marco Rubio will travel to Panama, El Salvador, Costa Rica, Guatemala and the Dominican Republic beginning on Saturday, the state department said.Rubio will travel to Central America to “advance President Trump’s America First foreign policy,” the department said.Secretary Rubio’s engagements with senior officials and business leaders will promote regional cooperation on our core, shared interests: stopping illegal and large-scale migration, fighting the scourge of transnational criminal organizations and drug traffickers, countering China, and deepening economic partnerships to enhance prosperity in our hemisphere. Continue reading...

Politics

Trump advisers are reportedly thinking of ways to enact more targeted measures at Mexico and Canada rather than sweeping tariffs

Politics

Officials in Ottawa and Mexico city draw up plans to retaliate with tariffs of their own after Trump’s demandsJustin Trudeau says Canada will bring a “forceful but reasonable” retaliation to any tariffs imposed by the US as his country braces for the economic fallout of a trade war.“I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau said Friday while speaking to an advisory council on Canada-US relations. “I know Canadians might be anxious and worried, but I want them to know the federal government – and indeed, all orders of government – have their backs.” Continue reading...

Politics

Donald Trump says he will impose trade tariffs on Canada and Mexico on Saturday, starting at 25% and they ‘may or may not’ rise over timeSecretary of state Marco Rubio will travel to Panama, El Salvador, Costa Rica, Guatemala and the Dominican Republic beginning on Saturday, the state department said.Rubio will travel to Central America to “advance President Trump’s America First foreign policy,” the department said.Secretary Rubio’s engagements with senior officials and business leaders will promote regional cooperation on our core, shared interests: stopping illegal and large-scale migration, fighting the scourge of transnational criminal organizations and drug traffickers, countering China, and deepening economic partnerships to enhance prosperity in our hemisphere. Continue reading...

Politics

President Donald Trump threatened another 10 nations with tariffs as he prepares to hit Canada and Mexico with increases.

Politics

Waiting time to get gold out of Bank of England octuples amid Trump tariff fears: reports  Fortune

Politics

Donald Trump says tariffs will start at 25% and ‘may or may not’ rise over timeYesterday saw President Trump’s controversial nominee to head the Department of Health and Human Services, Robert F. Kennedy Jr, grilled about his views at a Senate confirmation hearing.Watch independent senator Bernie Sanders ask Kennedy whether he believes discredited claims about a link between vaccines and autism. Continue reading...

Politics

President Donald Trump attempted to renew his threat against a bloc of nine nations in case they tried to undermine the US dollar.

Politics

The president said neither country has been ‘good to us on trade’ and the U.S. did not need their products

Politics

Key Trump appointees RFK Jr, Tulsi Gabbard and Kash Patel faced off with senators over past statements and conspiracy beliefs

Politics

Canada and Mexico draw plans to mitigate effect of duties Trump has threatened, possibly sparking a trade warTrump’s tariffs explainedAmerica’s biggest trading partners are bracing for Donald Trump to impose sweeping tariffs on their exports after the US president repeated his threat to hit Canada and Mexico with new duties.Officials in Ottawa and Mexico City have drawn up plans to retaliate against Washington with tariffs of their own, raising the prospect of a damaging trade war. Businesses inside the US and across the world have warned of widespread disruption if the Trump administration pushes ahead. Continue reading...

Politics

President Donald Trump's new tariffs on chip-makers outside of the US could have huge ramifications for the Nintendo Switch 2, potentially making the console pricier

Politics