Category: tariffs
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China Tones It Down at Davos This Time Ahead of Trump Tariffs
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Breadcrumb links BMN Business In 2017, weeks after Donald Trump’s first presidential election victory, Xi Jinping became the first Chinese president to address the World Economic Forum in Davos, Switzerland, drawing applause as he criticized protectionism and declared that a trade war would hurt both sides. Article writer: Bloomberg News…
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Dow gains 500 points, stocks close near records as Trump holds off on tariffs
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The US dollar (DX=F, DX-Y.NYB) has seen volatility since Donald Trump’s inauguration, retreating from its highest levels in nearly two years as the president failed to enact broad tariffs on his first day in office. The move surprised investors because the emergency order would have allowed for immediate tariff increases…
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Volkswagen warns of ‘harmful’ consequences from Trump’s Mexico tariffs
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Volkswagen has warned that the US administration’s proposed tariffs on imports from Mexico could have a “detrimental economic impact” on both US consumers and the global auto industry. This comes after President Donald Trump indicated this week that he intends to impose tariffs of up to 25 percent on vehicles…
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Dollar Rebounds as Trump Eyes More Canada, Mexico Tariffs
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(Bloomberg) — The dollar rebounded again after posting its biggest drop in 14 months amid bets that U.S. President Donald Trump’s tariff plans will stimulate inflation and prevent further interest rate cuts from the Federal Reserve. Most read from Bloomberg The Bloomberg dollar gauge rose as much as 0.7% in…
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Mag 7, crypto, AI, Trump, tariffs, Fed, and everything else that will dominate Davos
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This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: Covering the World Economic Forum in Davos, Switzerland every year is something I consider a competitive sport. I’m actually starting training for the intensive week over the summer, as…
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Canada’s Soft Landing in Jeopardy as Macklem Faces Trump Tariffs
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Breadcrumb links BMN Business Governor Tiff Macklem successfully weathered one of the worst inflationary crises in the history of the Bank of Canada, putting his country on track for a soft landing. Perhaps US President-elect Donald Trump will dismantle all of this with the stroke of a pen. Article writer:…
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Canada’s Soft Landing in Jeopardy as Macklem Faces Trump Tariffs
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Breadcrumb links BMN Business Governor Tiff Macklem successfully weathered one of the worst inflationary crises in the history of the Bank of Canada, putting his country on track for a soft landing. Perhaps US President-elect Donald Trump will dismantle all of this with the stroke of a pen. Article writer:…
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Oilpatch industry associations band together to fight U.S. tariffs
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Breadcrumb links energy Oil and gas news Ottawa had previously indicated that it would consider imposing taxes on exports of oil, potash and uranium Get the latest news from Meghan Potkins straight to your inbox subscription Posted on January 14, 2025 • 4 minutes read You can save this article…
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Dow, S&P 500 edge higher with Trump tariffs, jobs report in focus
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The US dollar (DX=F, DX-Y.NYB) continued its recovery on Wednesday, adding gains after the currency was on track to hit a one-week low. This is after a report published by the Washington Post on Monday Which indicates that President-elect Donald Trump will not commit to a strict tariff plan. But…
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Dow, S&P 500, Nasdaq futures retreat amid report Trump could tap emergency powers for tariffs
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US stock futures fell on Wednesday as investors digested a report President-elect Donald Trump is considering declaring a national economic emergency to pave the way for the proposed tariffs. S&P 500 (ES=F) and tech-heavy Nasdaq 100 (NQ=F) futures fell nearly 0.3%, reversing earlier premarket gains. Dow Jones Industrial Average futures…
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buy american oil or face heavy tariffs, eu told
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Donald Trump has threatened European Union member states with punitive tariffs if they fail to buy more US oil and gas, reviving the prospect of a renewed trans-Atlantic trade war. On Friday, the president-elect announced on social media: “I told the European Union that they must offset their massive deficit…
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Macklem Says Trump Tariffs Cloud Outlook, Urges G-7 Cooperation
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Breadcrumb links BMN Business Bank of Canada Governor Tiff Macklem said Donald Trump’s trade threats make the world a more uncertain place, urging developed countries to work together to strengthen economic security. Article writer: Bloomberg News Eric Hertzberg Posted on December 16, 2024 • 2 min read You can save…
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UK exports under threat as proposed Trump tariffs mirror Brexit impact
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Trade tariffs proposed by former US President Donald Trump could affect British goods exports to the US as much as Brexit has hurt UK sales to the EU, new research has shown. The analysis by the Decision Foundation warns that if Trump reimposes global tariffs between 10 and 20 percent,…
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UK likely to avoid worst impact of Trump’s tariffs
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The UK may be spared the worst effects of Donald Trump’s proposed tariffs on global goods trade because of its economic reliance on services rather than goods, according to Andrew Bailey, governor of the Bank of England. Trump proposed imposing tariffs of up to 60% on Chinese exports to the…
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Canada’s Trudeau says he had an ‘excellent conversation’ with Trump in Florida after tariffs threat
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Breadcrumb links PMN PMN works Article writer: Associated Press Rob Gillies and Fatima Hussain Posted on November 30, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content WEST PALM BEACH, Fla. (AP) — Canadian…
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HP earnings in line with expectations, CEO says tariffs would hit the consumer
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All eyes are on demand for AI PCs and the HP Inc. CEO’s tariffs. (HPQ) Enrique Lloris entering 2025. “Some of this (potential tariff cost) should go to consumers given our gross margin in the categories. But again, we need to wait and see what the final tariffs are for…
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Trump tariffs could mean recession for Canada next year
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Breadcrumb links news economy It could also increase inflation and lead to smaller interest rate cuts Posted on November 26, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Economists said the tariffs would put a…
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LVMH’s Hennessy plan to trial bottling in China and bypass tariffs sparks hundreds protesting on home turf
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Hundreds of employees of French cognac maker Hennessy, part of luxury conglomerate LVMH’s empire, went on strike Tuesday in protest against measures the brand plans to use to circumvent Chinese tariffs imposed in a row with the European Union. French unions CGT and FO said that between 500 and 600…
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LVMH’s Hennessy plan to trial bottling in China and bypass tariffs sparks hundreds protesting on home turf
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Hundreds of employees of French cognac maker Hennessy, part of luxury conglomerate LVMH’s empire, went on strike Tuesday in protest against measures the brand plans to use to circumvent Chinese tariffs imposed in a row with the European Union. French unions CGT and FO said that between 500 and 600…
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Reeves reassures on trade as Trump tariffs threaten UK-US economic ties
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British Chancellor Rachel Reeves played down fears of escalating protectionism in light of Donald Trump’s expected new trade tariffs, stressing Britain’s commitment to a strong economic relationship with the United States. In her first comments after Trump’s re-election, Reeves stressed the UK’s determination to support “free and open trade” between…