President Donald Trump announced Tuesday that the U.S. Department of Agriculture will provide $8 billion in economic assistance to farmers struggling with elevated diesel prices. Why it matters: Diesel is a major operating expense for farmers, powering tractors, harvesting equipment ...
President Donald Trump is facing another legal challenge over his trade policies after a lawsuit filed Tuesday questioned his authority to impose 50% tariffs on Canadian imports. Why it matters: Trump invoked Section 338 of the Tariff Act of 1930, ...
The Trump administration’s latest restrictions on Canadian goods took effect at 12:01 a.m. Tuesday, banning imports of certain alcoholic beverages, dairy-related products and motorcycles. Why it matters: This goes a step beyond simply making Canadian products more expensive. Covered goods ...
The U.S. and China have agreed to cut tariffs on $60 billion worth of goods traded between the world’s two largest economies, marking another step toward easing trade tensions following last week’s meeting between President Donald Trump and Chinese President ...
President Donald Trump threatened the European Union with new tariffs Wednesday, or potentially restrictions on trade altogether, if the bloc moves forward with plans to make Canada its first-ever “associate member.” Why it matters: The threat adds another potential front ...
Canada’s latest retaliatory tariffs against the United States took effect at midnight, escalating a trade fight between two economies with deeply intertwined supply chains. Why it matters: The new measures double existing Canadian tariffs on imported U.S. steel and aluminum ...
Canada announced retaliatory tariffs as high as 50% on hundreds of American products Tuesday, escalating a trade war with one of the United States’ largest trading partners. Why it matters: The economic consequences could extend well beyond businesses directly affected ...
President Trump is ramping up his tariff campaign once again, threatening dramatically higher duties on Canadian autos while preparing new tariffs on Chinese goods as his administration rebuilds a trade strategy struck down by the Supreme Court earlier this year. ...
A trade war between the U.S. and Canada is escalating after Prime Minister Mark Carney walked away from negotiations rather than accept a growing list of demands from the Trump administration. Why it matters: Canada is one of America’s largest ...