Trump, Canada and Senate
Digest more
Top News
Impacts
Associated Press News |
Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign g...
Reuters |
Non-partisan analysts say the measure, if enacted, would add about $5.7 trillion to the federal government's debt over the next decade.
Read more on News Digest
Donald Trump imposed a 25% tariff on foreign-made cars as part of his economic plan to "supercharge" the US economy.
US President Trump announces a 10% baseline tariff on imports, excluding Mexico and Canada, igniting trade tensions. China retaliates with matching tariffs. British and French leaders urge caution, while Trump promises economic growth despite hardships ahead for Americans.
President Donald Trump’s tariff threats has American crop farmers facing a precarious situation. In early March, Trump imposed 25% tariffs on imports from Canada and Mexico (10% for energy products, critical minerals and potash) that are not compliant with the United States-Mexico-Canada Agreement (USMCA).
Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday, even after U.S. President Donald Trump's 25% tariffs on foreign auto imports came into effect. Analysts and economists said the relatively muted response from autos stocks could be partly attributed to an exemption for Canada and Mexico from Trump's highly anticipated "reciprocal" tariffs announcement.
Canadians are bracing alongside other geopolitical partners as President Donald Trump prepares to unleash his next round of tariffs in what he is calling "liberation day."
In the March 31 letter also addressed to Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer, MichAuto and the Detroit Regional Chamber advised against proceeding with tariffs on assembled vehicles from Canada and Mexico and parts that come from outside of North America.
CNBC breaks down what investors should know about how the additional levies will impact individual vehicles and automakers.
4don MSN
As the United States prepares to welcome the world for FIFA’s Club World Cup this June, golf’s Ryder Cup in September, the World Cup next year and the Los Angeles Olympics in 2028, the question becomes: Will the world want to come?