The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.
Category: Commerce Department
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Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble
President Trump has offered a mix of reasons for upending global trade relations, baffling and angering America’s biggest trading partners.
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Canada and China Retaliate Against Trump’s Tariffs, Amid Fears of Trade War
Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.
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Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
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Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
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TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.
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Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
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Trump Picks Another Trade Fight With Canada Over Lumber
The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.
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Senate Confirms Howard Lutnick as Commerce Secretary
A longtime Wall Street executive, Mr. Lutnick will take on a broad portfolio that includes defending U.S. business interests and overseeing restrictions on technology exports.
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Why Investors Appear Unfazed by the Latest Trump Tariffs
The dollar fell and global stock markets are holding up despite President Trump announcing his plan to impose reciprocal tariffs on trading partners.
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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
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Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.