tariffs

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Investors Worry 'Soft Landing' Is Going Off Track

Meanwhile, Dow futures point to modest gains at open after Monday's selloff

(Newser) - It appears the stock market will open in positive territory on Tuesday after Monday's steep selloff , though nowhere near big enough to recoup the losses. Dow futures were up about 100 points, reports CNBC , after losing nearly 900 at Monday's close. A "modicum of calm" also returned...

Canadian Province Slaps 25% Tariff on Power to US

'We will not back down,' says Ontario Premier Doug Ford

(Newser) - Ontario Premier Doug Ford slapped a 25% tariff on electricity exports to the US on Monday, estimating that it would add almost $70 US to the monthly bills of many homes and businesses in New York, Michigan, and Minnesota. Ford said the surcharge would bring in up to $400,000...

Fears of a 2025 Recession Are Gaining Steam
Fears of a 2025 Recession
Are Gaining Steam
the rundown
Mar 10, 2025 10:43 AM CDT

Fears of a 2025 Recession Are Gaining Steam

Big banks more pessimistic as Trump declines to rule out the possibility

(Newser) - Wall Street started the new trading week in a foul mood on Monday, with the Dow tumbling about 500 points and the benchmark S&P 500 index down more than 2%. It's a continuation of last week's selloff blamed on tariff uncertainty, but Monday's pain appears to...

Trump Concedes Recession Is Possible

Adjusting to tariffs will take time, president says

(Newser) - President Trump would not rule out the possibility of a recession this year during an interview aired Sunday, saying it "takes a little time" for the economy and Americans to see the benefits of his new tariffs. He discounted the recent stock market losses, contending "you have to...

Costco Trims Canada Inventory in Response to Trump's Tariffs

Remaining products from affected countries will cost more

(Newser) - Shoppers will find fewer goods from Canada on Costco store shelves now that President Trump has imposed tariffs, the chain's chief executive said, and the products that are there will cost more. The warehouse retailer also will look for more products to import from nations that have not been...

In Turnaround, Trump Takes a Hard Line on Russia

After he suspended military aid to Ukraine, he's concerned it's getting a 'pounding,' threatens tariffs

(Newser) - Ukrainian President Volodymyr Zelensky is surely flummoxed by President Trump's sudden threat Friday to layer more sanctions and tariffs on Russia. After claiming it was Ukraine's fault for Russia's invasion , suspending US military aid to Ukraine , and pausing intelligence sharing with the country, Trump wrote Friday on...

Canadian Senator Wants to Throw Down With Trump Jr.

Patrick Brazeau not happy with tariffs, challenges president's son to charity boxing match

(Newser) - Will Donald Trump Jr. throw down? A Canadian senator wants to find out, challenging the US president's son to duke it out in a charity boxing match. Or as the CBC puts it, "Sen. Patrick Brazeau wants to punch Donald Trump in the face." The non-affiliated senator...

Trump Suspends Tariffs on Mexico for a Month
Trump Suspends
Tariffs on Mexico, Canada
UPDATED
Mar 6, 2025 2:46 PM CST

Trump Suspends Tariffs on Mexico, Canada

Officials say 1-month delay covers items in compliance with USMCA trade pact

(Newser) - As his commerce secretary hinted , President Trump has suspended tariffs on many imports from Mexico and Canada for a month, reports the Wall Street Journal .
  • Mexico: "I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement," Trump wrote
...

Lutnick Expects Delay on Mexico, Canada Tariffs

He suggests they could be dropped if countries do 'a good enough job on fentanyl'

(Newser) - Commerce Secretary Howard Lutnick says President Trump will "likely" delay tariffs on almost all imports from Canada and Mexico for a month—and that the 25% tariffs introduced Tuesday might be completely dropped. As stocks dropped sharply Thursday morning, Lutnick told CNBC that only reciprocal tariffs might be imposed...

Trump Says He Told Trudeau: 'That's Not Good Enough'

President claims Canadian leader is using tariff fight to stay in power

(Newser) - President Trump says he had a call with Canadian Prime Minister Justin Trudeau on Wednesday that ended in a "somewhat" friendly manner—but it apparently wasn't enough to change Trump's mind about tariffs. "I told him that many people have died from Fentanyl that came through...

Trump Delays Canada, Mexico Car Tariffs for a Month

But he's told automakers to start shifting production to the US, White House says

(Newser) - President Trump has delayed tariffs on cars from Canada and Mexico for a month after speaking to auto industry execs. White House press secretary Karoline Leavitt said Wednesday that Trump has granted a temporary exemption to cars covered by the US-Mexico-Canada Agreement negotiated during Trump's first term, CNN reports....

China Ready for 'Trade War, or Any Other Type of War'

'Bullying does not work on us,' foreign ministry spokesman says after Trump doubles tariffs

(Newser) - Some tough talk from China in response to President Trump's tariffs: "If war is what the US wants, be it a tariff war, a trade war, or any other type of war, we're ready to fight till the end," foreign ministry spokesman Lin Jian said Tuesday...

Trump May Be Ready to Pull Back on Canada, Mexico Tariffs

Lutnick says president plans to meet two countries 'in the middle'

(Newser) - After two days of steep stock market drops, President Trump might be preparing to pull back on his 25% tariffs on imports from Canada and Mexico. Commerce Secretary Howard Lutnick said Tuesday that Trump plans to "meet in the middle" with the two countries and an announcement will probably...

'We Want to Inflict as Much Pain as We Possibly Can'

Ontario Premier Doug Ford threatens to cut off electricity to the US in response to Trump tariffs

(Newser) - The leader of Canada's most populous province has vowed to "inflict as much pain as we possibly can" to retaliate against President Trump's tariffs . Ontario Premier Doug Ford said Tuesday that if the 25% tariffs on Canadian imports persist, he will slap a 25% surcharge on electricity...

Trudeau to Trump: This Is a 'Very Dumb Thing to Do'

Canadian leader says Americans will feel the pain of a new trade war

(Newser) - Canadian Prime Minister Justin Trudeau laid into President Trump and the new American tariffs on his nation Tuesday. Trudeau held a news conference in which he took a "position of confrontation rather than acquiescence," per Canada's CTV News . Among other things, he accused Trump of starting a...

Mexico Responds to Trump Tariffs
Mexico Responds
to Trump Tariffs
Mar 4, 2025 10:10 AM CST

Mexico Responds to Trump Tariffs

Sheinbaum says her country will hit back with tariffs of their own

(Newser) - Tariff day continues with Mexican President Claudia Sheinbaum saying her country will respond to President Trump's 25% tariffs on Mexican imports with tariffs of their own, reports Reuters . "There is no reason, rationale, or justification to support this decision that will affect our people and nations,"...

China, Canada Retaliate as Trump Tariffs Take Hold

President imposes 25% penalties on Canada, Mexico, additional 10% on China

(Newser) - There was no last-minute reprieve this time in regard to President Trump's tariffs as three new ones took effect at midnight Eastern. A look:
  • Canada: Trump imposed a 25% tariff on most imports. Canada responded by imposing 25% tariffs on $30 billion worth of American goods immediately, a total
...

Sell-Off Hits Wall Street After Trump Tariff Announcement

Even crypto companies were not immune

(Newser) - A sell-off hit Wall Street on Monday after President Trump said tariffs he had announced earlier on Canada and Mexico would take effect within hours.
  • The S&P 500 fell 104.78 points, or 1.8%, to 5,849.72.
  • The Dow Jones Industrial Average fell 649.67 points, or
...

Trump: 'No Room Left' to Avoid Tariffs

He confirms that 25% tariffs on goods from Canada, Mexico will arrive Tuesday

(Newser) - Last month, President Trump agreed to delay tariffs for a month after speaking to the leaders of Canada and Mexico, but it doesn't look like a reprieve will happen this time around. Trump told reporters at the White House on Monday that there is "no room left" for...

On Eve of New Tariffs, Auto Industry Braces

Analyses suggest car costs could jump as much as $12K once Canada/Mexico tariffs start on Tuesday

(Newser) - Tuesday's the day when US tariffs against imports from Canada and Mexico are set to kick in , and one industry in particular is nervously eyeing what happens next. Bloomberg reports that the 25% upcharge imposed on our two neighbors is expected to drive up the costs of cars in...

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