A tit-for-tat trade fight between the two allies could create new headaches for consumers and businesses already stung by high prices.
Category: Customs (Tariff)
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U.S. Economy Could Feel the Sting From Trade War With Canada
The New York Times – Business: -
Trump Widens Beef Imports in Bid to Lower Prices
The New York Times – Business:Cattle ranchers have trimmed their herds in response to drought and low margins, helping push up the cost of another American staple food.
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Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets
The New York Times – Business:Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy.
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U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
The New York Times – Business:President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.
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Tariffs on Hold as Trump Claims Deal With Canada Is Near
The New York Times – Business:President Trump announced a three-day delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the midnight deadline.
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It’s Crunchtime Again for Canada to Avoid New U.S. Tariffs
The New York Times – Business:Canada is seeking a deal to dodge further economic pain at the hands of the Trump administration on midnight Tuesday. But at what cost?
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Canada Offers U.S. Concessions in Trade Talks but Demands a Comprehensive Deal
The New York Times – Business:Prime Minister Mark Carney is attempting to prevent 50 percent tariffs against many Canadian goods scheduled for this month.
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China’s Export Boom Rolls On Despite Trade Backlash
The New York Times – Business:China’s factories are finding eager buyers abroad even as weak consumer spending and a prolonged property slump weigh on growth at home.
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U.S. Trade Deficit Dips in June as Imports Fall Back
The New York Times – Business:Imports and exports both declined, retreating from a busy month in May, data from the Commerce Department showed.
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Trump’s Tariff Exemptions Include Diamonds, Oil and Gas, Copper and Other Items
The New York Times – Business:A new round of tariff carve-outs has raised familiar questions about who should receive the lucrative exceptions, and why.
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Sanctions Bill Would Give Trump Sweeping New Tariff Powers
The New York Times – Business:A bipartisan bill in the Senate would allow President Trump to impose tariffs on the biggest importers of Russian energy.
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Trump’s Tariffs Are Sending Some Companies Back to China
The New York Times – Business:For some U.S. brands seeking a location for their factories, the economic logic is once again pointing to China.