Jack Daniel’s maker says Canada pulling US alcohol off shelves ‘worse than tariff’
Lawson Whiting, CEO of Jack Daniel's maker Brown Forman, said Wednesday that Canada's province was “a disproportionate response” to taxes imposed by the Trump administration, saying it was “worst than tariffs” for the Canadian province to steal American liquor from store shelves. Several Canadian provinces have removed US liquor from store shelves as part of […]
Stellantis aiming for more US manufacturing, thanks Trump for tariff exemption
President Donald Trump has granted a month's tariff exemption to US automakers complying with the US-Mexico-Canada agreement, the White House said Wednesday. Big Three automaker Stellarantis thanked the Trump administration for giving the Trump administration a month's exemption from the 25% tariffs that came into effect this week, saying “we share the president's purpose in […]
Tariff tumult gives Senate GOP whiplash
The ongoing ongoing before and after Trump's tariffs is at the expense of Republican lawmakers. Trump's six weeks at the White House have been a roller coaster in many ways. But tariffs surpass that list as Trump threatened to impose them on numerous US trading partners, delayed their implementation, enacted them, suggested compromises, and opened […]
Pound Sterling holds onto gains against US Dollar as Trump tariff fears ease – FXStreet
Sterling of the pound trades firmly near 1.2900 against the US dollar, as the US president's tariffs are not too scary. Trump is poised to offer a one-month exemption from tariffs on cars in Canada and Mexico. BOE officials have led an approach to measuring progressive policy. Pound Sterling (GBP) will stick to earn close […]
The Memo: Trump’s turbulent tariff moves pose risks with voters
President Trump eased the latest tariffs on Wednesday, two days after these taxes were shaking financial markets. However, the latest adjustments will only add to uncertainty about what Trump's long-term policies will be. The shadow of doubt, and even among many conservatives, the belief that tariffs will be wiped out, raises prices for American consumers […]
US stocks rally on Trump’s tariff exemption for autos – CNN
new york CNN – U.S. stocks rose on Wednesday after a sharp decline over two days. The rally comes after the Trump administration announced a month's reservoir on car tariffs in Canada and Mexico, easing investors' concerns about the world trade war. U.S. stocks that were wobbling during the day surged high after the White […]
Vance suggests other industries won't get tariff carve-outs
Vice President Vance on Wednesday suggested that industries other than US automakers are seeking tariff exemptions, but the Trump administration will not expand its sculpture. While visiting the tropical border, the reporter asked Vance about other industries after the White House exempts cars from a one-month exemption on one-month tariffs on Canada and Mexico. “Many […]
Hegseth fires back after China flexes war readiness over tariff hike: ‘We’re prepared’
Defense Secretary Pete Hegses responded to China's claims that “types of war” are ready following President Donald Trump's 10% tariff increase. Lin Jiang, spokesman for China's Ministry of Foreign Affairs, on Tuesday I responded In Trump's move, he argues that “the fentanyl issue is a flimsy excuse to raise our tariffs on Chinese imports.” “My […]
Automakers get 1-month Trump tariff exemption: White House
President Donald Trump has granted Stellantis, Ford and General Motors a month's tariff exemption, the White House said Wednesday. US automakers complying with the US-Mexico-Canada Agreement (USMCA) have received a month's exemption from Trump administration's tariffs that came into effect Monday, White House spokesman Carolyn Leavitt announced Wednesday. “We spoke to the Big Three automaker,” […]
Stellantis, Ford, General Motors get 1-month Trump tariff exemption: White House
Sen. Markwayne Mullin of R-Okla responds to several Democrats who plan to boycott President Donald Trump's speech to Congress on the “final line.” The “Big 3” automaker has received a month's exemption from Trump administration's tariffs that came into effect Monday, White House spokesman Caroline Leavitt announced Wednesday. “We spoke to the Big Three automaker,” […]