Aug 25 With gas stuck above $4, U.S. consumer confidence falls to lowest level in 7 months By Matt Ott, Associated Press The Conference Board said Tuesday that its consumer confidence index dipped to 89.4 in August from 90.2 in July. Continue reading
Aug 25 WATCH: Canada announces retaliatory tariffs against the U.S. By Rob Gillies, Associated Press Canada struck back at the United States on Tuesday with retaliatory tariffs on about $20 billion worth of American goods, including steel, dairy products, appliances and farm equipment, as the trade war between the once-friendly neighbors escalated sharply. Continue reading
Aug 24 Watch 7:14 The potential economic fallout of Trump's trade war with Canada By Geoff Bennett, Azhar Merchant The trade war between the U.S. and Canada is intensifying after negotiations broke down over the weekend. Canadian Prime Minister Mark Carney said his country had been preparing for a fundamental shift in its relationship with the U.S., which it… Continue watching
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