Originally broadcast on February 10, 2019. We’ve all been singing along with Dolly Parton for decades. But if you want to know the truth about her, know this: She works way more than just 9 to 5. Even with a half-century of music behind her, the glitzy, big-haired queen of country glamour is still at…
Canadian trade officials acknowledge that the country’s retaliatory tariffs of up to 50% on $20 billion in American goods are intended to exert pressure on the Trump administration by targeting key U.S. states. Although the negotiators haven’t identified those regions, the tariffs could hit states in the Midwest and Northeast particularly hard, according to economists’ analysis…
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
As a budding trade war between the U.S. and Canada sparks a round of cross-border insults, the leader of Canada’s largest province told CBS News he’s hopeful that Canadian officials and President Trump’s team can reach an agreement — but cautioned that “no deal is better than a bad deal.” “He’s treating us like we’re…
A deepening trade war between the U.S. and Canada is once again driving up the cost of goods crossing the northern border. After the Trump administration imposed a 50% tariff on many Canadian products, Canada hit back with import taxes on billions of American-made goods. Nancy Cordes reports. Source link
The language used Monday by Treasury Secretary Scott Bessent as he announced a new raft of sanctions against Iran was apocalyptic. The measures are part of the Trump administration’s plan to use economic pressure to force Iran to capitulate, to bring an end to the nearly six-month war and reopen the Strait of Hormuz. The…
Canada on Tuesday announced that it is imposing tariffs of up to 50% on about $20 billion of U.S. imports, aiming to match the Trump administration’s recently announced import duties on Canadian imports. “Today, I’m announcing Canada will match the U.S. tariffs dollar for dollar, up to 50% on $27.6 billion of imports from the…
Washington — President Trump threatened Tuesday to change the name of Lake Ontario to “Lake America” amid an escalating trade fight with Canada. “The United States is giving serious consideration to changing the name of Lake Ontario to Lake America,” Mr. Trump said in a post on Truth Social Tuesday morning, claiming the U.S. doesn’t…
President Trump’s 50% tariffs on certain Canadian products could raise their prices in the U.S., but the narrow scope of the levies is unlikely to trigger a broader spike in inflation, trade experts said. After the tariffs, first announced in late June, took effect on Saturday following a breakdown in trade talks, Canada pledged to…
President Trump said in a social media post on Monday that the U.S. will impose a 50% tariff on all Canadian automotive and steel imports, effective Jan. 1, 2027, after trade talks between the two nations collapsed. “Canada has been ripping off the United States of America for years,” Mr. Trump wrote on Truth Social. “On…
