Mar 12 Trump's 25 percent tariffs on all steel and aluminum imports go into effect, raising fears of economic slowdown By Josh Boak, Paul Wiseman, Rob Gillies, Associated Press Trump has promised the taxes will help create U.S. factory jobs when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Continue reading
Mar 12 U.S. inflation slows for first time in six months, trade war threatens to hike prices By Christopher Rugaber, Associated Press The consumer price index increased 2.8% in February from a year ago, Wednesday's report from the Labor Department showed, down from 3% the previous month. Continue reading
Mar 11 What is a recession? Here's why anxiety is rising about falling into one By Christopher Rugaber, Associated Press For now, the economy appears to be stable. Still, fears of a downturn are rising as investors, economists and business executives are realizing that President Donald Trump's import taxes are much more at the forefront of his economic policy this… Continue reading
Mar 11 WATCH: Trump speaks to the Business Roundtable after day of tariff drama with Canada By Josh Boak, Rob Gillies, Michelle L. Price, Associated Press President Donald Trump participated in a question and answer session Tuesday afternoon with the Business Roundtable, a trade association of CEOs that during the 2024 campaign he wooed with the promise of lower corporate tax rates for domestic manufacturers. But… Continue reading
Mar 11 Wall Street careens between a modest gain and sharp tumble in head-spinning day By Stan Choe, Associated Press Like it's been for most of the past few weeks, the market’s slide on Tuesday was erratic and dizzying. Continue reading
Mar 11 Trump ups planned tariffs on Canadian steel and aluminum to 50 percent By Josh Boak, Associated Press President Donald Trump says the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on electricity sold to the United States. Continue reading
Mar 10 Watch 7:12 Ontario premier explains why he's slapping 25% surcharge on electricity to U.S. By Amna Nawaz, Stephanie Kotuby, Alexa Gold Markets plunged again as investors are worried about the economy and whether a recession is on the horizon. The trade war President Trump initiated with the country's top trading partners is a factor in the volatility. Ontario Premier Doug Ford… Continue watching
Mar 10 Canada's next prime minister says transition will be quick By Rob Gillies, Associated Press Mark Carney, a two-time central bank chief, will become prime minister after the governing Liberal Party elected him its leader Sunday in a landslide vote… Continue reading
Mar 10 Ontario announces 25 percent tax increase on electricity exports to U.S. in response to Trump's trade war By Rob Gillies, Associated Press Ontario provides electricity to Minnesota, New York and Michigan. Continue reading
Mar 10 Stock market sell-off worsens as Wall Street wonders how much pain Trump will endure for the economy By Stan Choe, Associated Press Wall Street’s sell-off is worsening. The S&P 500 fell 2.8% Monday as worries build about how much pain President Donald Trump is willing to endure on the economy in order to get what he wants. Continue reading