The 25% tax that President Donald Trump plans to slap as soon as Saturday on imports from Canada and Mexico could drive up the price of everything from gasoline to pickup trucks to the guacamole dip that features so prominently at American Super Bowl parties.
Less than two weeks into his second term, President Trump may be poised to deploy steep tariffs against key U.S. trading partners.
It’s hard not to notice the disconnect between what the American president said about China before Election Day 2024, and what he’s doing now.
President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,
Mexico and Canada are Wisconsin’s two largest trading partners, supporting a combined $25 billion in cross-border trade in 2023.
Trump initially threatened 25% tariffs against Canada and Mexico in November, but that was initially assumed to be a bargaining tactic and the leaders of both countries rushed to assure him they would beef up border security.
Trump calls tariffs America's "big power over China," but analysts say Beijing may be better prepared than ever to engage in a trade war with the U.S.
The Canadian government was slow in responding to efforts by China and India to interfere in the country's elections but their outcome was unaffected by the meddling, an official probe said in a final report released on Tuesday.
Manufacturers from Asia, Europe and elsewhere have poured billions into North American supply chains that could be hit by new taxes on Mexico, Canada and China.
President Donald Trump warned Canada and Mexico to expect tariffs of 25% on exports to the United States starting Saturday.
US President Donald Trump has reiterated his plan to impose 25% tariffs on imports from Canada and Mexico starting February 1, aiming to address undocumented migration, fentanyl trafficking, and trade deficits.