Aug 24 Canada will announce retaliatory tariffs against U.S. on Tuesday, official tells AP By Rob Gillies, Associated Press Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, escalating a trade fight that has sharply worsened since negotiations with the Trump administration collapsed. Continue reading
Aug 24 Watch 7:49 A look at the new U.S. sanctions on Iran and threats against its trading partners By Nick Schifrin, Zeba Warsi, Dan Sagalyn The U.S. launched what the Trump administration calls “Operation Economic Outcast” against Iran. It includes threats to increase sanctions on Iran’s trading partners. The pressure comes as the administration indicates it is trying to avoid returning to war, but cannot… Continue watching
Aug 24 Watch 6:25 How Trump intervened in the DOJ case against Live Nation By Ali Rogin, Ali Schmitz The Department of Justice spent more than a decade building a case accusing Live Nation of illegally dominating the live event industry by thwarting competition to keep ticket prices high. But according to a Wall Street Journal investigation, President Trump… Continue watching
Aug 24 U.S. border reopens to Mexican cattle imports, but economists doubt the move will reduce high beef prices By John Hanna, Sarah Raza, Associated Press The U.S. Department of Agriculture has said concerns about the New World screwworm's spread lessened enough to allow the movement of cattle from Mexico at a crossing in Douglas, Arizona. Continue reading
Aug 24 WATCH: Bessent announces new sanctions to block Iran's revenue streams By Nasser Karimi, David Rising, Associated Press Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade. Continue reading
Aug 24 Canada should be ready to cut electricity, critical minerals, Ontario's premier says By Rob Gillies, Associated Press Ford said "everything is on the table" if the dispute worsens, including cutting off electricity and critical minerals from Ontario. Continue reading
Aug 22 What to know about Trump's 50% tariffs on Canadian goods that just went into effect By Wyatte Grantham-Philips, Associated Press The new levies are expected to affect about 5% of Canada's annual exports to the U.S., roughly $20 billion in goods ranging from hockey sticks to agricultural products. Continue reading
Aug 22 U.S. and Canada fall deeper into a trade war with new tariffs as talks collapse and blame is spread By Paul Wiseman, Rob Gillies, Associated Press President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. Continue reading
Aug 20 Watch 7:13 Why Treasury yields are at 20-year highs – and why it matters By Amna Nawaz, Jackson Hudgins A sustained sell-off in the bond market sent long-term Treasury yields to their highest levels in nearly 20 years this week, rattling both Wall Street and Washington. Higher yields, essentially the interest rate the government pays to borrow money, also… Continue watching
Aug 20 Trump keeps embracing data centers, an unpopular topic in midterm races By Jesse Bedayn, Marc Levy, Scott Bauer, Associated Press The race to build data centers, which power artificial intelligence and cloud computing, has run aground amid frustration from voters who don't want to live near the massive warehouse campuses. Continue reading