Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains since Election Day for the S&P 500. The Trump administration imposed tariffs on imports from Canada and Mexico starting Tuesday and doubled ...
WASHINGTON (AP) — President Donald Trump said Monday that 25% taxes on imports from Mexico and Canada would start today, sparking renewed fears of a North American trade war that already showed signs of pushing up inflation and hindering growth. "Tomorrow — tariffs 25% on Canada and 25% ...
NEW YORK (AP) — U.S. stocks tumbled Monday and wiped out even more of their gains since President Donald Trump ’s election in November, after he said that tariffs announced earlier on Canada and Mexico would take effect within hours. The S&P 500 dropped 1.8% after Trump said there was ...
DETROIT (AP) — At the U.S. Embassy in Ottawa, a quote from former President Ronald Reagan is engraved on one wall. “Let the 5,000-mile border between Canada and the United States stand as a symbol for the future,” Reagan said upon signing a 1988 free trade pact with America’s northern ...
WASHINGTON (AP) — Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Friday showed that consumers slashed their spending by the most since February 2021, ...
WASHINGTON (AP) — President Donald Trump plans to impose tariffs on Canada and Mexico starting Tuesday, in addition to doubling the 10% universal tariff charged on imports from China. In a Truth Social post Thursday, Trump said illicit drugs such as fentanyl are being smuggled into the ...