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
Mar 04 Mexico, Canada and China retaliate as U.S. tariffs take effect By Josh Boak, Paul Wiseman, Rob Gillies, Associated Press President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation and sending financial markets into a tailspin. Continue reading
Mar 03 Dow drops nearly 650 points on worries about Trump's latest tariffs By Stan Choe, Associated Press President Donald Trump’s announcement dashed hopes on Wall Street that he would choose a less painful path for global trade, and it followed the latest warning signal on the U.S. economy’s strength. Continue reading
Mar 03 Mexico makes case to avoid Trump's threatened tariffs By Associated Press U.S. Treasury Secretary Scott Bessent said on Sunday that Mexico had offered to match the tariffs the U.S. will impose on China. Continue reading
Mar 01 Watch 5:18 A look inside Canada's last-minute efforts to avert Trump's steep tariffs By John Yang, Harry Zahn President Trump says his 25 percent tariff on imports from Canada will go into effect on Tuesday, despite Canadian officials’ efforts to persuade their American counterparts that they have improved border security. John Yang speaks with David McGuinty, Canada’s minister… Continue watching
Feb 28 Consumers cut spending by most in four years last month By Anne D'Innocenzio and Christopher Rugaber, Associated Press Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Continue reading