Americans are on track to spend a record $13.5 billion on Halloween this year amid rising costs associated with the national scarefest, according to the National Retail Federation. Consumers are forecast to shell out $4.1 billion on candy alone. Cocoa costs remain elevated despite surging over the last two years, with shipping and other expenses…
Money famously can’t buy you love, but be prepared to pay up for those Valentine’s Day flowers or chocolates this year. The average consumer is expected to spend roughly $200 — an all-time high and up from $188.81 last year — on the annual day of romance, according to the National Retail Federation. Virtually every…
Washington — President Trump on Monday is set to announce that the largest steel plant in U.S. history will be built in Iowa over the coming years, a White House official said. The president and the Minnesota-based company Mesabi Metallics are expected to unveil the company’s $15 billion plans in the Oval Office at 2…
Canada’s steep retaliatory tariffs on $20 billion in U.S. goods took effect just after midnight ET on Tuesday, extending the trade war between the two countries. The Canadian government announced the planned tariffs two weeks ago, after trade negotiations broke down and the Trump administration followed through on a threat to impose 50% duties on…
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…
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…
The U.S. was set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. Canada’s leader countered that it would match the tariffs “dollar for dollar.” In a call with reporters late Friday, U.S. Trade…
Washington — The United States and Canada have wrangled for decades over trade, poking each other interminably over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market. Somehow, the two neighbors still managed to remain friends, allies and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11….
Colombia’s new President Abelardo de la Espriella on Saturday called on President Trump to suspend tariffs currently targeting the South American nation, which is reeling after a deadly earthquake. U.S. tariffs on Colombian products rose from 10% to 12.5% in late July, with a few exceptions including coffee and oil. “I asked him to consider…
Sen. Elizabeth Warren is pressing companies entitled to refunds for illegal U.S. tariffs to return the money they are recouping directly to consumers. Warren, a Democrat from Massachusetts, on Friday sent letters to Apple, Amazon, Energizer, Motorola, Nike, Target and Walmart seeking information about the size of the refunds they are receiving for import duties…
