Tariffs

Oregon Sen. Ron Wyden dismissed treasury nominee Scott Bessent's claim, calling it "bologna" and reiterating his belief that workers and small businesses would actually pay the most.

Ontario Premier Doug Ford has fired back at President-elect Donald Trump's recent comments referring to Canada as the "51st state," and mocking its sovereignty.

US firms may be looking at a specific method by which they can avoid the impact of tariffs levied on major trade partners by the Trump administration: donating to the Republican Party.

The news comes amid a back-and-forth between both countries, which included Trump referring to Canada's Trudeau as the "Governor of the great state of Canada"

President-elect Donald Trump has once again considered the idea of turning Canada into the 51st state of the United States.

Canadian premiers are ideating drastic reprisals in response to Trump's 25% tariff on Canadian goods, expected to go into effect in early January.

Donald Trump poked fun at Justin Trudeau, jokingly stating that Canada was a U.S. state and even going as far as to refer to Trudeau as its governor.

Former US president Donald Trump -- who returns to the White House next month -- unleashed a gruelling trade war with China during his first term in office, lambasting alleged intellectual property theft and other "unfair" practices.

The Organisation for Economic Cooperation and Development, a Paris-based body that advises industrialised nations on policy matters, never named Trump in its updated analysis of the world economy. But with the president-elect vowing to slap tariffs on US trading partners after his return to power next month, it was abundantly clear that the OECD was warning about Trump's possible measures.

President-elect Donald Trump mocked Canadian Prime Minister Justin Trudeau by telling him that Canada could become the 51st state of the U.S.

Canada weighs counter-tariffs in response to Trump's plan, which could disrupt trade, harm both economies, and escalate tensions over immigration policies.

US tariffs and retaliation including from Europe and Asia would "depress growth" and trade flows, he said, estimating a cut to global growth of 0.1 to 0.9 percentage points in 2026.

Avocados and strawberries, and beers like Corona and Modelo could see significant price increases should Trump make good on his promise of imposing a 25% tariff on Mexican exports

Canada, Mexico and the United States remain among the top four countries in oil production in the Americas alongside Brazil

The poll also revealed that 78% of Americans felt confident they understand what a tariff is but only 48% understood that American companies pay the tariffs

The U.S. president elect has vowed to impose a 25% hike to imports from Mexico and Canada, as well as a 10% to products from China

China has already outlined four "red lines" that Donald Trump cannot cross once he becomes president during a meeting with President Joe Biden this weekend.

Mexican Economy Secretary Marcelo Ebrard warned that retaliatory tariffs could rekindle inflation in the U.S.

Since 2021, Mexico has replaced China as the biggest trade partner for the U.S., sending about 83% of its exported goods to the U.S.

Amid tariff threats, Ebrard stresses optimism and preparation as Mexico tops U.S. trade rankings, plans talks with Tesla to boost industry ties.

Trump also recognized Mexico as a top trade partner as trade between both countries totaled an estimated $855 billion in 2022.

On Wednesday, U.S. Trade Representative Robert Lighthizer spoke at a Senate Finance Committee hearing on U.S. trade in Washington, and said that the administration will work towards a "reset" of WTO tariffs.