The president's latest action on trade takes effect next week, and will slap a 25% tariff on imported cars and car parts. He says the measure will boost U.S. manufacturing.
Whether you're a shopper or a seller, a worker or a business owner, you likely have a lot on your mind when it comes to budgeting, planning trips or big purchases. And we want to hear all about it.
Business leaders are trying to engage in a delicate diplomacy with the White House — even as their companies brace for the impact of market volatility and tariffs.
This week, President Trump continued to threaten tariffs as DOGE continued its cuts of the federal workforce. It was another consequential and news-packed week in Trump's presidency.
As a trade war grew this week, Ontario's leader threatened a surcharge on Canadian electricity sold in some U.S. states. The episode highlighted the U.S. reliance on imported Canadian power.
Tariffs on steel and aluminum are increasing to 25% — not the 50% that President Trump had recently threatened, but high enough to be a headache for automakers.
Australian Prime Minister Anthony Albanese said Wednesday that U.S. tariffs on Australian steel and aluminum were unjustified, but his government would not retaliate with its own tariffs.
Economists look for signs that a recession may be approaching by monitoring consumer confidence and business sentiment — two indicators of uncertainty.
Mark Carney is a newcomer to elected politics with decades of experience in finance. After his landslide victory, he pledged to continue tariffs on the U.S. "until the Americans show us respect."
