Trump Warns 25% Tariffs on Canada and Mexico Could Begin on February 1
Shortly after giving his inaugural address on Monday, President Donald Trump said 25% tariffs could be imposed on products from Canada and Mexico as early as February 1. “We're thinking in terms of 25% for Mexico and Canada, because they're allowing huge numbers of people into the country and allowing fentanyl into the country. Canada […]
Samsung weighs relocating dryer production to US in response to Trump tariffs
Libby Cantrill, head of U.S. public policy at Pimco, told Barron's Roundtable that she expects President-elect Trump to accomplish this on his first day in office. South Korea's Samsung Electronics and at least one other consumer electronics maker are considering moving some operations from factories in Mexico to factories in the United States. The review […]
Trump pumps brakes on Day 1 tariffs
President Trump put the brakes on plans to impose widespread tariffs soon after taking office, delaying and toning down efforts to change the U.S. trade system that had been a centerpiece of his campaign. President Trump began his second term with a memo directing federal agencies to investigate U.S. trade relationships with China, Canada, and […]
Dollar firms as traders check back on tariffs – ForexLive
The dollar fell yesterday as traders held out hope that President Trump might not take a tough stance on tariffs. His inaugural address and first orders were not very forceful on this issue, but later in the day he issued a warning here. This brings markets back to reality that things are not that simple […]
Trump threatens 25 percent tariffs on Mexico and Canada starting Feb. 1
President Trump announced Monday that his administration will impose a 25% tariff on imports from Mexico and Canada starting February 1. “We're thinking in terms of 25% for Mexico and Canada, because they're allowing huge numbers of people into the country and fentanyl into the country,” Trump said in the executive order. When signing the […]
Will U.S. Tariffs Disrupt Copper and Aluminum Markets – OilPrice.com
of Copper Monthly Metals Index (MMI) The overall trend has been flat, with a slight decline of 0.65% from December to January. Meanwhile, copper prices continue to react to new US leadership and potential changes in trade policy. Traders bet on rising US copper prices Ahead of President Trump's inauguration, Comex copper prices have begun […]
Treasury Nominee Bessent Defends Tariffs, Nuclear Energy in Hearing
Treasury Secretary nominee Scott Bessent opened his confirmation hearing in the Senate Finance Committee with a powerful attack on the radical left by defending the value of tariffs and nuclear energy. While many in the Democratic Party and Washington's elites support radical free trade and so-called “green energy,” Bessent rejects their elitist views and supports […]
We Didn’t Get Inflation Spike with First Trump Tariffs, But ’25 Different from ’17
In an interview with Bloomberg that aired Thursday on “Balance of Power,” White House Council of Economic Advisers Chairman Jared Bernstein acknowledged that the first Trump administration did not see a spike in inflation from tariffs. However, he claimed that the situation in 2025 will be significantly different from the situation in 2017. Bernstein said: […]
Trump plans ‘External Revenue Service’ for tariffs paid by US importers
Former Congressional Budget Office Director Doug Holtz-Eakin explains the impact of tariffs on Canada's economy and shares his thoughts on President-elect Trump's agenda and the Speaker's vote. President-elect Trump on Tuesday announced plans to create a new “External Revenue Service” tasked with collecting customs revenue, but economists pushed back, saying the agency that would bear […]
Bob Brooks sets the record straight on Trump tariffs
On Thursday’s “Greg Kelly Reports,” Bob Brooks hosted and talked about President-elect Donald Trump’s tariff policy. source