Top U.S. representatives told a Canadian delegation on Thursday that there was no way Canada, or any other country in President Trump’s cross hairs, could avoid a new round of sweeping tariffs on April 2, according to two people with…
Tag: United States Economy
Europe Expected a Transactional Trump. It Got Something Else.
President Trump is no fan of the European Union. He has repeatedly claimed that the bloc was created to “screw” America, has pledged to slap big tariffs on its cars, and this week enacted global steel and aluminum levies that…
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance
When the United States signed a free-trade agreement with Canada and Mexico more than 30 years ago, the premise was that partnering with two other thriving economies would also benefit America. This week, President Trump abruptly scrapped that idea. He…
Trump’s Tariffs by Whim Keep Allies and Markets Off Balance
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term…
‘We Have Given Him Everything’: Trump’s Tariffs Stun Mexico
Up to the last minute, Isaac Presburger, like a lot of other Mexican businessmen, still could not believe that President Trump would deliver on his promise to hit Mexico with tariffs. Little did it matter that Mr. Trump had announced…
Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble
President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions…
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning in April. Opening the taps in countries such as Saudi Arabia…
What’s Behind Trump’s Love-Hate Relationship With Canada
There is the theory that President Trump is still bitter about his Canadian hotel ventures that went bust. Some, on social media, have speculated that a 2019 photograph in which Justin Trudeau appeared poised to kiss Melania Trump, the first…
Trump’s New Crackdown on China Is Just Beginning
President Trump’s tough talk on China typically centers on tariffs. But a closer look at the decisions he has made since taking office shows that the president is considering a far wider set of economic restrictions on Beijing, ones that…