Latest International trade News
Small business owners brace for Trump's proposed tariffs
Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office. Trump has proposed importers pay a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on...
China bans exports to US of gallium, germanium, antimony in response to chip sanctions
BANGKOK (AP) — China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S. limits on semiconductor-related exports. The...
Canada's ambassador says Trudeau told Trump the Canadian border can't be compared to Mexico's
TORONTO (AP) — Canada's ambassador to the United States said Sunday that Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and key Cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into the U.S. is unfair. ...
Shopping on Shein and Temu for holiday gifts? You're not the only one.
Shopping on Temu can feel like playing an arcade game. Instead of using a joystick-controlled claw to grab a toy, visitors to the online marketplace maneuver their computer mouses or cellphone screens to browse colorful gadgets, accessories and trinkets with prices that look too good to refuse. ...
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India,...
Donald Trump's call for 'energy dominance' is likely to run into real-world limits
WASHINGTON (AP) — President-elect Donald Trump is set to create a National Energy Council that he says will establish American “energy dominance” around the world as he seeks to boost U.S. oil and gas drilling and move away from President Joe Biden’s focus on climate change. ...
Mexican president says she is confident that a tariff war with the US can be averted
MEXICO CITY (AP) — Mexican President Claudia Sheinbaum said Thursday she is confident that a tariff war with the United States can be averted. But her statement — the day after she held a phone call with U.S. President-elect Donald Trump — did not make clear who had offered...
Avocados, tequila and other iconic Mexican products are jeopardized by Trump's tariff threats
URUAPAN, Mexico (AP) — Mexicans are worried that threats by Donald Trump to impose 25% tariffs could affect a wide range of iconic Mexican products and threaten entire regional economies. In western Mexico, no crop supplies an income for so many small growers as avocados. But...
Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs
MEXICO CITY (AP) — President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border. ...
Stock market today: Wall Street hits records despite tariff talk
NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a...
