Mar 06 Watch 5:47 As Trump delays tariffs on Mexico and Canada, businesses brace for repercussions By Geoff Bennett, Jackson Hudgins President Trump has temporarily suspended new tariffs on most goods coming into the U.S. from Mexico and Canada, two days after he set them into motion. The delay gives both countries a one-month reprieve. But the beginnings of what seems… Continue watching
Mar 06 WATCH: Trump signs orders postponing some tariffs on imports from Mexico and Canada By Christopher Rugaber, Josh Boak, Associated Press President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war. Continue reading
Mar 06 Mortgage rates have eased. Here’s why it could still be tough for many to afford a home By Alex Veiga, Associated Press The same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty over the potential fallout from the Trump administration's tariffs on imports — are clouding the outlook… Continue reading
Mar 06 Why Trump’s delay on auto tariffs won’t be enough to shield U.S. automakers from challenges By Alexa St. John, Associated Press President Donald Trump's short reprieve for U.S. automakers from stiff tariffs on imports from Mexico and Canada isn't likely to allow enough time for those companies to make the changes necessary to minimize the damage from Trump's intensifying trade war. Continue reading
Mar 06 Trudeau says trade war between Canada and U.S. expected for the ‘foreseeable future’ By Rob Gillies, Associated Press Prime Minister Justin Trudeau said Thursday he welcomed indications that the U.S. would delay substantial tariffs on Canadian products for a month, but said Canada’s plan to impose retaliatory tariffs would remain in place for now. Continue reading
Mar 06 For a second time, Trump delays tariffs on most goods from Mexico By Christopher Rugaber, Associated Press Trump's announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would "likely" be delayed. Continue reading
Mar 05 Watch 4:30 News Wrap: Trump spoke to automakers before pausing tariffs, officials say In our news wrap Wednesday, President Trump spoke with major automakers before announcing a one-month pause on new tariffs for vehicles coming to the U.S. from Canada and Mexico, severe weather is battering a large chunk of the U.S., LA… Continue watching
Mar 05 Trump grants 30-day exemption for U.S. automakers from tariffs on imports from Mexico, Canada By Josh Boak, Rob Gillies, Associated Press The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and Stellantis, on Wednesday, according to White House press secretary Karoline Leavitt. Continue reading
Mar 04 Trudeau slams Trump for starting ‘very dumb’ trade war with Canada while appeasing Russia’s Putin By Rob Gillies, Associated Press Trudeau also called out Trump for appeasing Russian President Vladimir Putin while launching a trade war against Canada. Continue reading
Mar 04 Stocks fall as trade war between U.S. and key partners escalate, wiping out S&P 500 post-election gains By Damian J. Troise, Alex Veiga, Associated Press The benchmark index fell 1.2% and the Dow Jones Industrial Average shed 670 points, or 1.6%, The Nasdaq slipped 0.4% despite a rebound in big tech stocks such as Nvidia. Continue reading