50 m. ago EU imposes new retaliatory tariffs on $23 billion in U.S. goods

BRUSSELS (AP) — European Union member states voted Wednesday to approve retaliatory tariffs on $23 billion in goods in response to U.S. President Donald Trump’s 25% tariffs on imported steel and aluminum, as the largest U.S. trading partner described them as “unjustified and damaging.” The tariffs will go into effect in stages, with some on […]

Economics

68 m. ago Trump says ‘be cool’ after tariffs: ‘The USA will be bigger and better than ever before’

'This is a great time to buy,' Trump said Wednesday in a post to his social media site

Economics

79 m. ago Amazon cancels some inventory orders from China after tariffs

(Bloomberg) —  Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and people familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by President Donald Trump. The orders for beach chairs, scooters, air conditioners and other merchandise […]

Economics

1 hour ago EU imposes new tariffs on $23 billion in US goods in retaliation for Trump’s steel, aluminum tariffs

BRUSSELS (AP) — European Union member states have voted to approve retaliatory tariffs on $23 billion in goods in response to U.S. President Donald Trump’s 25% tariffs on imported steel and aluminum. The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU […]

Economics

2 h. ago Roots has ‘limited’ tariff exposure, watching for shift in consumer sentiment: CEO

TORONTO — Roots Corp. says tariffs likely won’t have much of a direct effect on its business ,but could weigh on consumer confidence. Meghan Roach, chief executive of the Toronto-based apparel company, said the business has “limited exposure” to the tariffs U.S. President Donald Trump has levied on more than 180 countries. “We have a […]

Economics

2 h. ago Stock markets fall around the world as Trump’s global tariffs hit

Although Trump's latest tariffs include a massive 104 per cent levy on U.S. imports of Chinese products, markets in China reversed early losses, gaining ground on Wednesday.

Economics

3 h. ago Why this small New Brunswick island is exempt from Canada’s counter

Campobello Island is only accessible year-round by a bridge connecting it to the U.S., and residents who rely on U.S. goods have faced Canadian tariffs since early March.

Other

3 h. ago Asian supermarket customers brace for price hikes as Trump tariffs take effect

LOS ANGELES (AP) — Loyal customers of Asian supermarkets and other grocery stores that specialize in selling imported food heaved a collective sigh of dismay when President Donald Trump announced extra-high U.S. tariffs on goods from dozens of countries. What would happen to prices at 99 Ranch Market and H Mart?, wondered Asian Americans and […]

Economics

3 h. ago CHARLEBOIS: How market turmoil could sweeten chocolate prices

In an ironic twist, Donald Trump’s latest tariff tantrum may be doing what no chocolatier could – making cocoa cheaper, one trade shock at a time

Economics

5 h. ago China raises its retaliatory tariff on the U.S. to 84% as it vows to ’fight to the end’

BANGKOK (AP) — China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday. Beijing also added an array of countermeasures after U.S. President Donald Trump raised the total tariff on imports from China to […]

Economics

5 h. ago Trump Tariffs Threaten Spread of Big Batteries on the Power Grid

Analysts say the trade war will pile costs onto the fast-growing US energy storage industry — and slow it down.

Economics

5 h. ago Canada adds more retaliatory tariffs as Trump’s trade war hits the world

Ottawa's response to auto duties includes similar tariffs on vehicles imported from the U.S.

Economics

5 h. ago Lego Opens New Vietnam Plant as US Tariffs Hit Global Markets

Lego A/S is undaunted by the wave of new tariffs President Donald Trump unleashed on US trading partners as the world’s largest toymaker opened a new production complex in Vietnam.

Economics

6 h. ago Derek Burney: Trump’s tariffs may not be the world’s worst worry

The U.S. president's erratic foreign policy is fuelling global instability

Economics

6 h. ago Europe Gas Sinks With Broader Financial Markets as Tariffs Start

European natural gas prices slid further as US President Donald Trump’s tariffs kicked in, dealing a blow to the global economy and demand for energy.

Economics

6 h. ago BOE Warns Risk of ‘Further Sharp Corrections’ in Markets Is High

The Bank of England said hedge funds have faced “significant” margin calls from their prime brokers as they navigated extreme market volatility in the aftermath of US President Donald Trump’s tariff announcements and warned that the risk of “further sharp corrections” in markets remains high.

Other

8 h. ago European Stocks Resume Selloff as Trump’s Tariffs Go Into Effect

European stocks slumped on Wednesday as US President Donald Trump’s tariffs took effect, triggering a renewed selloff across global financial markets.

Economics

10 h. ago Asian Nations Promise to Buy More US Gas to Win Tariff Relief

Asian governments from South Korea to Indonesia are rushing to sign up for liquefied natural gas purchases from the US, hoping to reduce trade surpluses with the world’s largest economy and secure some relief from President Donald Trump’s sweeping “reciprocal” tariffs.

Economics

11 h. ago Spain Is Pushing for EU Pivot to China to Counter Trump Tariffs

Spanish Prime Minister Pedro Sanchez’s trip to see President Xi Jinping will offer a chance to swap notes on a common problem: how to respond to an increasingly unreliable US.

Economics

14 h. ago Trump Woos Political Donors as Tariff Worries Rattle Republicans

President Donald Trump cast his tariffs as a political winner in an attempt to assuage fears from wealthy Republican benefactors about the fallout of his signature trade policy just hours before even more sweeping tariffs were due to take effect.

Politics