|
President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.
|
RELATED ARTICLES | | |
|
While certain U.S. sectors are facing headwinds from the new tariffs on Canadian goods, analysts have said the broad economic effects of the new 50% U.S. levies could be modest for the U.S. overall.
|
RELATED ARTICLES | | |
|
Iran's rial currency hits new record low as US prepares to announce more sanctions AP NewsScott Bessent: an economic D-Day is coming for Iran Financial TimesBessent to speak as Trump administration expected to unveil new Iran sanctions CBS NewsUS-Iran war latest: Iran's currency drops to record low against dollar as US set to unveil ‘economic D-Day' CNN
|
|
California Attorney General Cancels Paramount Settlement Talks Over $111 Billion Warner Bros. Discovery Deal, Says He'll Meet When They ‘Stop Playing Games' VarietyCalifornia Cancels Talks With Paramount Over Warner Bros. Merger The New York TimesA media M&A chill: The Paramount-WBD antitrust challenge may hold up more deals than one CNBCBonta Cancels Paramount Settlement Meeting; CA AG Accuses Ellison Of "Playing Games" In WBD Merger Talks Deadline
|
|
Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates CNBCOpinion | Mark Carney Did What Canadians Elected Him to Do The New York TimesTrump hits back at Carney, threatens to hike auto, truck, metals tariffs to 50% NBC NewsU.S. Trade Rep Greer blames Canada for failed tariff talks: 'They wanted more' CNBC
|
|
Treasury Secretary Scott Bessent is expected to announce an escalation of sanctions aimed at further isolating Iranian trade.
|
|
Iran War Updates: U.S. to unveil new sanctions Trump said would hit Iran with an "economic D-Day" CBS NewsScott Bessent: an economic D-Day is coming for Iran Financial TimesU.S. to Unveil Broader Campaign to Cripple Iran's Economy The New York TimesIran's rial currency hits new record low as US prepares to announce more sanctions AP NewsBessent to unveil ‘economic D-Day' sanctions against Iran The Washington Post
|
|
Claiming the U.S. is entering an "endgame" in its war with Iran, the treasury secretary is set to release details of what he called the "single greatest financial offensive" against an adversary.
|
|
Morgan Stanley recommends quality stocks with large market capitalizations, adopters of artificial intelligence and the S&P 500.
|
|
"As a smaller, more open economy, Canada has more to lose from this," ING strategists said Monday.
|
|
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
|
|
