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
Canadians aren’t playing around. Doug Ford, premier of Ontario, Canada’s most populous province, says Canada is willing to go much further in the escalating trade war with the US than President Donald Trump realizes. “We can put massive pain on the US,” Ford told reporters during a searing press conference on Monday. “President Trump underestimates
Timing and Canadian political will could also be a tool for negotiations. Canadians know they will feel economic pain in this dispute – financial analysists estimated the most recent tariffs of 50% on about $20bn of Canadian imports could trim between 0.3% to 0.6% off the country’s GDP in the short term. Still, a majority
Meanwhile, Ontario’s outspoken premier, Doug Ford, whose province is home to Canada’s auto manufacturing industry, responded to Trump’s tariffs and threats by telling the US president to “kiss my ass”. Ford also suggested that Canada should charge the US extra for its oil and gas, as well as electricity and critical minerals, adding that he
John Oliver is an outspoken fan of reality TV — but not this former “Real World” star. On Sunday’s “Last Week Tonight,” the political pundit took aim squarely at Sean Duffy, President Trump’s Secretary of Transportation and former congressman and “The Real World: Boston” cast member. You see, on Wednesday, Duffy dropped all six episodes
The new head of Iran’s top security body warned Sunday that Tehran will see any country’s support for new U.S. economic measures against the Islamic Republic as an “act of war,” while Iran’s president defended a memorandum of understanding with the United States as the best way out of the stalled conflict. Treasury Secretary Scott Bessent on Monday is expected
