The largest department store chain in the U.S., like other retailers recently, warned that consumers may be more cautious with their money in the months ahead.
Category: Protectionism (Trade)
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Trump to Pause Auto Tariffs for Canada and Mexico for One Month
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.
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Trump Says US Banks Can’t Do Business in Canada. It’s Not That Simple.
President Trump has complained that American banks are restricted from operating in Canada. They can, but are hamstrung.
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Gaming Out Trump’s Next Tariff Moves
In his address to Congress, the president made clear that his new trade levies were here to stay, acknowledging it might create “a little disturbance.” Analysts forecast what that might look like.
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Tariffs Add a New Shock to Food Supply Chains
Companies made their supply chains stronger and more flexible because of the Covid pandemic. But they weren’t banking on tariffs.
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What 6 Americans Thought of Trump’s Speech
For many reluctant Trump voters, there was a mixture of confidence, anxiety, hope and frustration — along with some anger directed at Congressional Democrats.
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Trump Celebrates Disruption in Speech to Congress, and Avoids the Costs
The president’s speech to Congress covered tariffs, Ukraine and cuts to the federal work force but did little to address the perils that accompany the abrupt shifts he has engineered.
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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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Mexico Gave Trump Much of What He Wanted. Tariffs Came Anyway.
President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.
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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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Trump’s New Tariffs Could Strain Collection of Customs Fees
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will need more resources to enforce the fees.