Tariffs
The US president has announced plans to suspend trade talks with Canada and impose tariffs on its goods after Ottawa confirmed its intention to collect a digital services tax. This decision comes after a post on Truth Social, where Mr. Trump expressed disappointment and frustration with the Canadian government'
Tariffs
The US has dramatically escalated its trade dispute with Canada, announcing the termination of all ongoing trade negotiations with the country. This decision follows Canada's implementation of a digital services tax, which US President Donald Trump labeled a “direct and blatant attack on our country.” The tax targets
Tariffs
As the US and Canada continued to negotiate a trade deal by mid-July, US President Donald Trump unexpectedly ended the talks, citing an "egregious tax" on tech companies. The move comes after the neighboring nations had imposed tariffs on each other's goods following a trade war
Tariffs
As the world grappled with the COVID-19 pandemic, the US textile industry played a vital role in producing critical personal protective equipment. However, despite its contributions, the industry feels sidelined in the Trump administration's trade agenda, which prioritizes sectors like steel, aluminum, and pharmaceuticals. The sector, which employed
International trade
US President Donald Trump announced the sudden end to trade negotiations with Canada, one of America's largest trading partners, after the country imposed a digital services tax on US technology companies. Trump accused Canada of launching a "direct and blatant attack" on the US, sparking fears
Trade policy
President Donald Trump announced on Friday that the United States would terminate trade discussions with Canada, effective immediately, and would impose a tariff rate on Canadian goods within the next week. This move marks a significant blow to the U.S.-Canadian economic relationship, which has been strained since Trump
Trade policy
U.S. President Donald Trump suspended trade talks with Canada on June 27, citing Canada's intention to enact a digital services tax that big tech companies would need to pay on revenue earned from Canadian users. This decision comes after Canada's Digital Services Tax Act received
Tariffs
Federal Reserve Chair Jerome Powell on Wednesday faced intense questioning and criticism from Senate Republicans and President Trump during an appearance before the Senate Banking Committee. Amid accusations of political bias and pressure to cut interest rates, Powell defended the central bank's reluctance to cut interest rates, citing
Tariffs
India and the United States have hit a roadblock in their trade negotiations, with the two sides clashing over import duties on farm goods, steel, and auto parts. The US is demanding that India commit to lower import tariffs on farm goods such as soybeans and corn, as well as
International trade
As the US president's protectionist agenda continues, his trading partners, including Canada and the European Union, are refusing to back down from retaliatory tariffs and resisting US pressure to negotiate. The White House's initial expectation of signing 90 deals in 90 days has not materialized, with
International trade
As the global trade war threatens to disrupt the toy industry, companies like Hasbro, Lego, Mattel, and others are turning to adult collectors, dubbed "kidults," to provide a tariff-proof consumer base. Adult collectors are willing to pay high prices for exclusive, high-end toys designed by artists, which are
Tariffs
Trade negotiations between the United States and Mexico are nearing a resolution that could alleviate crushing duties on Mexican steel imports essential to U.S. automakers and other industries. A quota system is being developed to reduce tariffs on a certain volume of steel imports from Mexico, with a proposed
