ASHEVILLE, N.C. — Treasury Secretary Scott Bessent says he’s urging some of his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs and other measures to crack down on trade imbalances. Bessent told reporters that he had warned other nations at the beginning of President Donald Trump’s second term that
While tariffs can end up hitting consumers in the pocket, there are other impacts on households. Import taxes can complicate trade for businesses that have cross-border supply. As well as the higher costs, the uncertainty created by the trade war could put off investment plans and stunt job creation. Saunders suggests the biggest impact on
When U.S.-Canada trade talks collapsed for good last Friday night, the recriminations broke out almost instantly, and not just between Washington and Ottawa. In Maine, Vermont and Michigan—three states with outsized economic exposure to Canada—elected officials from both parties and the executives who run the region’s largest employers have spent the past week saying, in
President Trump has yet to comment on the latest Canadian countermeasures. Still, in a series of Tuesday posts on Truth Social, Trump accused Canada of “ripping off” the US for decades and of charging American farmers steep tariffs. “I deal with many countries, and Canada is easily the most difficult and unreasonable,” Trump wrote. “They
Canada is preparing to impose retaliatory tariffs on US imports as high as 50%. On Tuesday morning, Canadian officials outlined Ottawa’s response to a growing trade war with the US after talks between North America’s two largest economies broke down. The targeted list of roughly 700 products ranges from steel and aluminum to all types
President Donald Trump is moving toward levying a new tariff on China that would penalize the world’s second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter. Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalized, said Trump is