Tariffs
JPMorgan Chase CEO Jamie Dimon has issued a cautionary warning about the state of the U.S. economy, suggesting that it may soon "deteriorate." Speaking at a Morgan Stanley conference, Dimon attributed the potential downturn to the fading impacts of pandemic-era government spending and monetary policy, which have
Tariffs
As Canada's agriculture sector reeled from the sudden imposition of tariffs by the Trump administration in the United States, scholars from the Common Ground Network sounded the alarm on the devastating impact of trade tensions on Canadian agriculture and food systems. With agricultural products accounting for a mere
Tariffs
U.S. Senator Maria Cantwell (D-WA) joined 30 Senators in filing an amicus brief in the case of Oregon v. Department of Homeland Security, challenging the Trump Administration's abuse of emergency powers to impose global tariffs on nearly every U.S. trading partner. The brief opposes the Administration&
Tariffs
Canada and the United States are exchanging potential terms of agreement in closely held talks on an economic and security deal, two sources say. These exchanges are aimed at spelling out what both sides might be able to agree upon as they try to find common ground to end their
Tariffs
US President Donald Trump announced a deal to restore the trade war truce between the US and China, reached in London after two days of marathon negotiations. The breakthrough revives a truce agreed in Geneva last month, which faltered due to differences over Chinese rare earth exports and US export
Tariffs
The United States and China have reached a framework agreement aimed at reviving a truce between the two superpowers, restoring access to Chinese rare earth minerals and magnets, and rolling back punitive measures taken by both sides in recent months. The agreement follows two days of marathon negotiations in London
Tariffs
The Trump administration is expanding its steel and aluminum tariffs, targeting refrigerators, washing machines, and other appliances shipped into the US. The move aims to address what officials see as an unfair trade imbalance created by the original tariffs, where foreign manufacturers can import raw materials more cheaply and assemble
Tariffs
ArcelorMittal, one of the world's largest steelmakers, is restructuring its operations in Canada due to punishing metals tariffs imposed by U.S. President Donald Trump. The company will permanently shut down its Hamilton wire drawing mill, consolidating its operations in Montreal and leading to the loss of 153
Tariffs
China's decision in April to restrict exports of rare earth minerals, particularly the less common "heavy" rare earth elements, has proven to be a more effective and targeted move than the US's tariffs. Despite the US's attempts to negotiate a trade deal,
Tariffs
European stock markets suffered losses except for Britain on Thursday, despite the newly announced trade deal between the US and China. The pan-European Stoxx 600 dropped 0.33%, with Germany's DAX 40 index down 0.74% and France's CAC 40 falling 0.14%. The trade deal,
Tariffs
The US CPI report released on Wednesday showed an increase in inflation rates for May, but below market expectations, bringing relief to the White House, Wall Street, and Jerome Powell. The report suggests that tariffs have not yet affected consumer prices, with Eric Teal, Chief Investment Officer for Comerica Wealth
Tariffs
As the trade war between the US and China intensifies, the country's strict export controls on critical drone components have led to a sharp increase in prices for foreign buyers. Suppliers and intermediaries have more than doubled their prices for foreign customers, who are left with few alternative
