Some Canadian Premiers Call For ‘Robust’ Response To Trump’s Tariff Threats
Some Canadian prime ministers are calling on the government to respond forcefully to President-elect Donald Trump's tariff threats, Canada's finance minister said on Wednesday, according to Reuters. Canadian Prime Minister Justin Trudeau met with the prime minister and other government ministers on Wednesday to discuss President Trump's pledge to impose tariffs on imports from Canada […]
Trump’s tariff threats go beyond ‘trade agreement’ to advance American interests: expert
President-elect Trump announced plans to impose a flat 25% tariff on all imports from Canada and Mexico on his first day in office. However, one expert said the move was primarily a “diplomatic” move, using Trump's “war chest” to exploit U.S. national interests. Tariffs are taxes imposed by governments on goods that are imported or […]
Not ‘beautiful’: Why Trump’s tariff strategy could undermine North American trade
When it comes to trade policy, the second President Trump will likely be even more contentious, just like the first. President-elect Trump didn't hide his cards during the campaign. bragged about imposing high tariffs on Chinathen raised its hand by proposing a flat tariff on all imports from the United States. In fact, two months […]
Trump’s tariff plan is bad policy and bad politics
Last month, President-elect Donald Trump announced On his first day in office, he plans to impose a 25% tariff on all products from Canada and Mexico, and an additional 10% on China. In his words, the levy “will remain in effect until we stop drugs, especially fentanyl, and all illegal aliens from invading our country!” […]
Debunking the NY Fed’s Tariff Tunnel Vision
Fed's flawed calculations on President Trump's tariffs A new New York Fed study claims that tariffs imposed during President Trump's first term inflicted trillions of dollars in economic damage and severe “welfare losses” on Americans, but during the Trump administration. An unprecedented situation occurred Rising household incomes, a booming stock market, and historically low unemployment […]
Newsom rails against Trump’s 25% tariff plan during southern border visit: ‘It’s a betrayal’
California Gov. Gavin Newsom is visiting the southern border Thursday afternoon to announce plans to complete construction of the Otay Mesa East Port of Entry, during a visit to President-elect Trump's plan to impose a 25% tariff on goods from Mexico and Canada. He vehemently criticized the proposal. Newsom said the tariffs are “one of […]
Trump’s tariff threats could open the door to China
renewal of United States-Mexico-Canada Agreement It was never easy. However, President-elect Trump announcement He is expected to issue an executive order this week imposing 25% tariffs on all imports from Mexico and Canada, threatening the accord that is the framework that guides free trade and economic growth in North America. The USMCA was signed in […]
China Says BRICS Nations Will Push Back Against Trump Tariff Threat
Chinese Foreign Ministry Spokesperson Lin Jian said on Tuesday that China expects members of the BRICS economic bloc to push back against President-elect Donald Trump's tariff threats. “As an important cooperation platform for emerging market and developing countries, BRICS advocates openness, inclusiveness and win-win cooperation rather than conflict between blocs, and is not targeting any […]
China’s yuan hits lowest level in months as Trump tariff threats roil currencies – South China Morning Post
Onshore and offshore yuan hit multi-month lows against the US dollar as Donald Trump's re-election as US president heightened concerns about broader trade tensions and punctured China's currency's previous strength. It fell to As of Tuesday morning, the offshore yuan had fallen by about 0.39% to 7.3148 yuan to the dollar, below the benchmark of […]
Australian Dollar attracts some sellers, pressured by Trump’s tariff threats – FXStreet
The Australian dollar edged lower in Asian trading on Tuesday. Resurgent demand for the dollar and President Trump's tariff threats are weighing on the dollar. Hawkish expectations for the RBA could limit the downside. Investors brace for US October JOLT job numbers and FedSpeak on Tuesday. The Australian dollar (AUD) extended its downside to around […]