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
Mar 04 Watch 9:27 Businesses hit by new tariffs U.S. slaps on Mexico, Canada and China By Geoff Bennett, Ryan Connelly Holmes, Azhar Merchant The White House is implementing two new policies with global consequences ahead of President's Trump's address to Congress. The Trump administration is halting military aid to Ukraine and it's imposing new tariffs on Mexico, Canada and China. Roben Farzad, economic… Continue watching
Mar 04 5 things to know about tariffs and how they work By Paul Wiseman, Associated Press President Donald Trump is a proponent of tariffs, insisting that they are paid for by foreign countries. In fact, it is importers — American companies — that pay tariffs. Continue reading