5 takeaways from Trump's new tariff threat
President-elect Trump has notified the country's top three trading partners less than two months before taking office. The former president on Monday imposed 25% tariffs on all goods from major U.S. allies Canada and Mexico, and threatened to increase tariffs on China in an executive order he plans to sign on his first day. The […]
Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast – CNBC
A Chinese banker prepares to count a bundle of US dollars and a bundle of 100 Chinese yuan bills at a bank in Hefei, eastern China's Anhui province, on March 9, 2010. STR/AFP | Getty Images Chinese authorities are grappling with a weakening yuan as they expect US President-elect Donald Trump to carry out his […]
Trudeau Caught Flat-Footed by Trump Tariff Threat
Leaders of Canada's Conservative Party and the left-wing New Democratic Party (NDP) on Tuesday accused the Liberal Party's Justin Trudeau of not taking seriously U.S. President-elect Donald Trump's threat to impose 25% tariffs on Canadian goods. They announced an unusually unanimous statement condemning the prime minister. . Conservative Leader Pierre Poièvre told reporters Tuesday that […]
Two-thirds say Trump tariff plans will add to rising costs: Survey
More than two-thirds of Americans say President-elect Donald Trump's plans to impose tariffs will make goods more expensive, according to a new survey. harris poll, Released on Wednesday A Guardian poll found that 69 percent of Americans believe the next commander-in-chief's proposed tariffs would “significantly” or “somewhat” increase the price of domestic goods. More than […]
Dollar drops as markets weigh Trump tariff vow, yen hits 5-week high – Yahoo Finance
Written by Stefano Rebaudo (Reuters) – The U.S. dollar fell to a one-week low against major currencies on Wednesday as investors grew wary of President-elect Donald Trump's tariff pledges as they rebalanced their portfolios by the end of the month. . Markets will closely watch the Personal Consumption Expenditures (PCE) Price Index, which will be […]
Trump’s Tariff Threat ‘Will Definitely Get Mexico to the Table So We Can Solve the Problem’
On Tuesday's broadcast of NewsNation's “The Hill,” Rep. Henry Cuellar (D-Texas) said Mexico has made strong efforts to “stop fentanyl and keep people from entering the United States.” “We can do much more to stop it.” And since Mexico doesn't want to be hit with a 25% tariff from the U.S. and the U.S. doesn't […]
Mexico Could ‘Stop’ Accepting Deportations Over Tariff Threats
On CNN's “The Lead” broadcast Tuesday, Rep. Jim Himes (D-Conn.), ranking member of the House Intelligence Committee, responded to President-elect Donald Trump's tariff threats by threatening to force negotiations. However, doing so is because , “On the other side of mass deportation are countries that are suddenly taking in thousands of people. They could stop […]
Mexican president warns Trump tariff threat ‘would lead to inflation and job losses’ for both countries
Mexican President Claudia Sheinbaum has responded to President-elect Donald Trump's tariff threats, warning that a trade war would lead to higher inflation and job losses in both countries. President Trump announced on Monday that he would impose tariffs on Mexico and Canada for failing to stop illegal immigration and illegal drug smuggling into the United […]
Mexico, China, Canada warn Trump against tariff tit-for-tat
The governments of China and Mexico warned of retaliatory trade actions and Canada urged restraint on Tuesday. Chinese Embassy Spokesperson Liu Pengyu warned that “no one wins in trade and tariff wars,” and Mexican President Claudia Sheinbaum reportedly said she would send a letter to President Trump urging dialogue and cooperation. are. “It's going to […]
Trudeau says he had 'good call' with Trump amid tariff threats
Canadian Prime Minister Justin Trudeau said Tuesday he had “good talks” with President-elect Donald Trump following the announcement that the next U.S. leader will impose a 25% tariff on Canadian goods when he takes office. Prime Minister Trudeau: “I had a good phone call with Donald Trump last night.'' told reporters on Tuesday. “We clearly […]