Latest International trade News
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...
China signals it's prepared to double down on support for the economy as Trump tariffs loom
BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up...
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
FRANKFURT, Germany (AP) — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs after Donald Trump takes office as president. The...
US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
BANGKOK (AP) — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and...
Trudeau says Americans are realizing Trump's tariffs on Canada would make life a lot more expensive
TORONTO (AP) — Canadian Prime Minister Justin Trudeau said Monday that Americans “are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them. Trump...
