How Trump's new tariffs will affect Americans: 5 things to know
President Trump launched a trade war on Tuesday, imposing major tariffs on the top three US trade partners, Canada, Mexico and China. He imposed a 25% import tax on Canada and Mexico, increasing Chinese tariffs to 10-20%. Tariffs affect imports of more than $1 trillion. Canada, Mexico and China exported a total of $1.4 trillion […]
Commodity Producers Brace for Impact: Trade Tariffs and Shutdown Risks Loom – DTN The Progressive Farmer
Mexico is in the top 3 markets of soy products, while Canada is in the top 10 markets of soybeans. “They (Mexico) have a big crash industry, they get a lot of soybeans from us, and they import a lot of food and a little oil,” Sutter said. Mexico has not detailed how it will […]
Canadian premier threatens to cut electricity to millions of Americans as Trudeau announces retaliatory tariffs
Canadian officials have announced retaliatory tariffs against the United States after President Donald Trump pursued the threat of tariffs on the country's largest trading partner. Prime Minister Justin Trudeau warned that the trade war would hurt Americans, but Ontario Premier Doug Ford went further and said his state was ready to cut off electricity to […]
Refiners' trade group: Tariffs won't make US energy secure, lower consumer costs
A refiner's trade group has knocked President Trump on 25% tariffs in Canada and Mexico. Both are known for having the largest bilateral free trade agreement with the United States. “The US is making energy safe because of its trade ties with Canada and Mexico. “The US is making energy safe,” said Chet Thompson, president […]
Live updates: Trump to address Congress as Canada, Mexico lash out over tariffs
President Trump addressed Congress on Tuesday night against the backdrop of newly collected tariffs on Canada and Mexico, the country's closest trading partners. When the tariffs came into effect, leaders of both countries had a sharp voice. Canadian Prime Minister Justin Trudeau calls the action “silly,” and says Mexican President Claudia Sinbaum announced her country's […]
Stocks Fall as New Tariffs on Canada, Mexico Take Effect – Morningstar
U.S. stocks slipped on Tuesday amid a growth in the trade war caused by the US, where the US places new tariffs on Mexico and Canada. The sale has largely overturned US stocks' profits posted after the November US presidential election. President Donald Trump has placed a 25% tariff on goods imported from Canada and […]
CNBC’s Jim Cramer rips Trump administration for ‘vast confusion’ over tariffs
CNBC's Jim Kramer criticized the Trump administration for what he said was “a vast disruption” about the tariff plan that came into effect Tuesday. “There's a huge amount of confusion,” Cramer said. I cried out Tuesday's “Scoke on the Street.” “No one knows, meaning car manufacturers don't know what this means. “There's no clarity at […]
Trudeau tells Trump ‘we will not back down’ from trade war, calls tariffs ‘very dumb’
Jeff Sica, founder of Circle Squared Alternative Investments, analyzes Nvidia and discusses how much the trade war will damage the US economy with “Varney & Co.” Canadian Prime Minister Justin Trudeau on Tuesday denounced the Trump administration's new 25% tariff, calling the measure “very stupid” and vowed that his country would not “retreat from the […]
Cryptocurrencies Nosedive 48 Hours After Rally As Tariffs Take Effect
The cryptocurrency market fell on Tuesday just two days after the surge as investors were in charge of President Donald Trump's tariffs to enable tariffs in Canada and Mexico. The value of digital assets rose sharply after Trump announced the “crypto-strategic reserve” Sunday. He said it includes Bitcoin, Ethereum, XRP, Solana and Cardano. Those profits […]
Mexico’s president vows retaliation for Trump tariffs: ‘Nobody wins’
MEXICO CITY – Mexican President Claudia Sinbaum said Tuesday that there is no justification for President Trump's 25% tariffs on imports from Mexico, and that her government will respond with tariffs and non-tariff measures. “There is no reason, theoretical or justification to support this decision that affects our people and our nation. Trump's tariff actions […]