The Trump administration wants to create a critical minerals trading bloc with its allies that will use tariffs to maintain price floors and defend against China’s tactic of flooding the market to undermine any potential competitors. Vice President JD Vance said Wednesday that the trade war over the past year exposed how dependent most countries…
President Donald Trump said Monday he is increasing tariffs on South Korean goods because the country’s national assembly has yet to approve the trade framework announced last year. Trump said on social media that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15% to 25%….
Canadian Prime Minister Mark Carney said Sunday his country has no intention of pursuing a free trade deal with China. He was responding to U.S. President Donald Trump’s threat to impose a 100% tariff on goods imported from Canada if America’s northern neighbor went ahead with a trade deal with Beijing. Carney said his recent agreement with China merely cuts tariffs…
U.S. stock futures dropped late Monday after global equities sold off as President Donald Trump launches a trade war against NATO allies over his Greenland ambitions. Futures tied to the Dow Jones industrial average sank 401 points, or 0.81%. S&P 500 futures were down 0.91%, and Nasdaq futures sank 1.13%. Markets in the U.S. were closed in observance of…
The current story in U.S. manufacturing shows that an economy can look strong and remain so without adding workers. President Donald Trump arrived in Detroit on Tuesday to celebrate what he called a historic manufacturing revival, boasting that “investment is booming” and turbocharging growth. But the auto industry’s supposed recovery has yet to show up…