Latest International trade News
Jack Daniel's parent Brown-Forman is cutting its workforce and closing its barrel-making plant
LOUISVILLE, Ky. (AP) — Spirits giant Brown-Forman Corp. said Tuesday it's reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers face stiff challenges from changing consumer trends and...
Canada ready to buy more American products to appease Trump's tariff threat, ambassador says
PALM DESERT, Calif. (AP) — Canada's ambassador to Washington said Monday that Canada is prepared to buy more from the United States, including its next fleet of submarines, to appease President-elect Donald Trump's concerns about the U.S.-Canada trade deficit. Ambassador Kirsten...
China's exports in December up 10.7%, beating estimates as higher US tariffs loom
HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.7% from a year earlier, according to...
US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
BANGKOK (AP) — U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia. There have been plenty of scraps over...
An analyst looks ahead to how the US economy might fare under Trump
WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a...
What changes should small businesses be aware of for 2025?
For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington. But there are other shifts owners should keep on their radar. Among them: changes to state-level overtime and minimum wage rules, the...
Alberta's premier says Americans will pay a lot more for gas if Trump applies 25% tariffs on Canada
TORONTO (AP) — The premier of Canada's oil-rich province of Alberta said on Thursday that Americans will pay a lot more for gas if President-elect Donald Trump imposes a 25% tariff on all Canadian products. Alberta Premier Danielle Smith said in an interview with The Associated...
Tariff threats cast a shadow over US reliance on Canada for the majority of its oil imports
NEW YORK (AP) — The U.S. increasingly relies on Canadian crude oil to meet domestic demand and that relationship faces potential strain amid the threat of tariffs from President-elect Donald Trump. More than 50% of crude oil imported to the U.S. comes from Canada, up from 33% in...
Alberta's premier responds to Trump's trolling by saying Canada's oil helps make America wealthy
TORONTO (AP) — Alberta's premier responded to President-elect Donald Trump's trolling of Canada on Wednesday by saying the trade deficit with the country is due to billions in raw materials being sent south which creates trillions of wealth in America. Trump said the United States...
Ontario's premier says Trump's tariffs would be a disaster for US markets
TORONTO (AP) — The premier of Canada's most populous province said Tuesday President-elect Donald Trump's plan to impose sweeping 25% tariffs on all Canadian products would be a "disaster" that would hurt U.S. stock markets. Ontario Premier Doug Ford also said in an interview with...
