11 h. ago Democrats dislike the ‘chaos’ of Trump’s trade war but are OK with some tariffs

WASHINGTON (AP) — Democrats are quick to say that President Donald Trump’s tariffs are horrible, awful, terrible. But Democrats are also stressing that they are not inherently anti-tariff. What Trump’s political opponents say they really dislike is the “chaos” he has unleashed. “Tariffs are an important tool in our economic toolbox,” said Sen. Elizabeth Warren, […]

Economics

13 h. ago Trump’s China tariff shocks US importers. One CEO calls it ‘end of days’

WASHINGTON (AP) — Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports. “When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO […]

Economics

25 h. ago NYC champagne bar to manage Trump tariffs with smaller pours

The flutes might soon be a little less full at one New York City champagne bar, thanks to sweeping U.S. tariffs on European imports that include French wine and champagne. Herve Rousseau, the owner of Flute Bar, said he’s considering pouring about 10% less per glass for French bottles to avoid raising prices, and he […]

Economics

33 h. ago Trade war ramps up as China retaliates by raising tariffs on U.S. imports

China hits back by raising tariffs on imported American products from 84 per cent to 125 per cent after the U.S. raising tariffs on China earlier this week.

Economics

55 h. ago Tariffs create costly chaos for Amazon sellers — even the Trump supporters

Last week, Gina Castagnozzi signed off on a contract to ship thousands of compostable dog waste bags from China to Los Angeles for her pet supply business, Giving Paws. The next day, President Donald Trump raised tariffs on imports from China to 54 percent. On Tuesday, when her goods had been at sea for days, […]

Economics

59 h. ago Trump’s partial tariff pullback doesn’t affect duties on Canadian imports

WASHINGTON — The United States is still imposing tariffs on Canada after President Donald Trump on Wednesday partially pulled back some of the most devastating duties against countries around the world. Trump paused his so-called “reciprocal” tariffs for 90 days but kept in place a 10 per cent levy on nearly all global imports. The […]

Economics

3 d. ago Trump pauses most tariffs for 90 days, raises taxes on Chinese imports

It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to one with China

Economics

3 d. ago Trump pauses most tariffs for 90 days, but impact on Canada unclear

It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to one with China

Economics

3 d. ago Trump pauses most tariffs for 90 days, but no changes for Canada

It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to one with China

Economics

3 d. ago Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports

WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%. Treasury Secretary Scott Bessent told reporters that Trump was pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest […]

Economics

3 d. ago Ford, GM Hit Hardest by Canada’s 25% Retaliatory Auto Tariffs

Canada is hitting back against President Donald Trump’s auto tariffs with import taxes of as much as 25% on vehicles assembled in the US — and the biggest American automakers will bear the brunt.

Economics

3 d. ago Energy demand erodes in face of global economic slowdown as trade war intensifies

WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a trade war that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners. U.S. benchmark crude fell 4.3% to $56.98 per barrel in midday trading […]

Economics

3 d. 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

3 d. 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

3 d. 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 d. 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

3 d. 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 d. ago India’s Tariffs on US Goods Not ‘Humongous’, Says Trade Minister

India’s actual tariffs on imports from the US were not high, Commerce Minister Piyush Goyal said on Monday, as the South Asian nation sought to shake off the ‘tariff king’ label put on it by US President Donald Trump.

Economics

5 d. ago Wall Street could be headed for a bear market. Here’s what that means

NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, […]

Other

5 d. ago Trump tariffs make Easter bittersweet for Swiss chocolatiers

GENEVA (AP) — With the normally brisk Easter season around the corner, the mood in Switzerland’s chocolate business is bittersweet, thanks to high cacao prices and — now — the newly added U.S. tariffs on imports. Many Swiss, from the government to chocolatiers to watchmakers and other businesses, are sensing “shock” over the tougher American […]

Economics