Trump says tariff approach shows 'flexibility' not 'inconsistency'
President Trump on Wednesday disputed that the case is “flexibility” despite the approach rattles financial markets, not the case of impartiality and backtracking following his repeated threats of tariffs. “There's no contradiction,” Trump told reporters in the oval office. “I have the right to adjust.” The president spoke about his decision to exempt car parts […]
6 in 10 say Musk lacks experience, judgment to change government: Survey
According to a new poll, most Americans have negative opinions about tech billionaire Elon Musk, and are questioning his qualifications as key White House advisers are working on a federal overhaul. CNN/SSRS SurveyIt was found that about 38% of respondents released Wednesday believe Musk, who has emerged as a key ally of President Trump, has […]
Inflation cools slightly in Trump's first month
Consumer prices rose slightly during President Trump's first month of office, according to data released Wednesday by the Labor Department. The Consumer Price Index (CPI) rose 0.2% from January to February, and increased by 2.8% per year. Consensus estimates that economists expect CPI to rise by 0.3% that month and annual inflation will increase by […]
Canada will level $20B in tariffs in response to Trump moves on steel, aluminum
Canada is expected to impose $20.7 billion in retaliatory tariffs after President Trump decided to enforce 25% tariffs on steel and aluminum, which came into effect Wednesday. Associated Press A senior Canadian government official said he spoke about the anonymity status and confirmed the move on Wednesday as he was not permitted to speak before […]
EU retaliates as Trump steel, aluminum tariffs take effect
The European Union responded quickly with a two-stage approach in response to President Trump's 25% tariffs on steel and aluminum that came into effect Wednesday. First, the 27-nation European trade bloc will allow the US to suspend existing 2018 and 2020 measures on April 1. Second, the committee proposes a new measurement package for new […]
Are there benefits to Trump's tariffs?
Amid the Trump trade war with Canada, Mexico and China, some US businesses and consumers are worried about their revenues, while others and workers are welcoming the implementation of new tariffs. Anhauser Bush, who owns Budweiser and Michelob among other drinks, is reportedly excited by the additional tax on Mexican and Canadian beer. Since most […]
Elon Musk’s White House role weighs on business empire
Elon Musk's role in the Trump administration complicates his business venture. The tech billionaires are moving forward with efforts to cut the federal government and budget in the face of increasing criticism. Tesla's stocks have plummeted more than 50% since the end of last year, but demonstrations have emerged at outlets of electric car companies […]
AP reporter spars with White House over tariffs
White House Press Secretary Caroline Leavitt clashed with Associated Press and Alliance reporters on Tuesday over Trump's use of tariffs after acknowledging unusual questions to the outlet during a White House briefing. Leavitt has faced many questions about the widespread use of tariffs on imports that rattled financial markets and caused recession horrors. At one […]
Ontario agrees to suspend electricity surcharge ahead of talks with US
Ontario's government on Tuesday set back the threat of imposing additional charges on electricity on three US provinces amid wider trade talks. inJoint StatementOntario Prime Minister Doug Ford and Commerce Executive Director Howard Lutnick said the two leaders had “a productive conversation about the economic relationship between the United States and Canada.” The pair said […]
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats
Senate Republicans are warning President Trump not to drag him into his trade war as his latest escalation has put Wall Street in even more chaos. Trump on Tuesday threatened to double tariffs on Canada's steel and aluminum imports in response to a plan to issue retaliatory surcharges to the nation against Ontario Premier Doug […]