Trade War

The Bank of Canada is holding interest rates steady as U.S. President Donald Trump’s trade war with Canada intensifies. The central bank held its benchmark rate at 2.75 per cent on Wednesday, ending a streak of seven consecutive rate cuts. Analysts were divided on what to expect from the Bank…

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EU rules say tech titans must provide a choice for users to pick a browser. Photo: Sergei GAPON / AFP/File Source: AFP With President Donald Trump more unpredictable than ever and transatlantic ties reaching new lows, calls are growing louder for Europe to declare independence from US tech. From Microsoft…

Gold rallies sharply as safe-haven demand surges on US-China tensions and collapsing Treasury yields. Trump’s tariff threat on pharmaceuticals and China’s Boeing ban add fuel to market volatility. Mixed US data adds to uncertainty; traders now focus on Retail Sales and Powell’s Wednesday speech. Gold price ended Tuesday’s session on…

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A top Federal Reserve official said Monday that the impact of President Donald Trump’s trade war on prices would be “transitory,” echoing a term that central bankers and Biden administration officials used often as inflation soared in the aftermath of the pandemic. Suggested Reading How Trump’s tariffs could make your…

Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a Federal Reserve Bank of New York survey released Monday. The central bank’s monthly Survey of Consumer Expectations showed that respondents saw inflation a year from now at 3.6%,…

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Is there any method to the president’s insistence that high tariffs will strengthen the American economy? Courtesy of Washington Week With The Atlantic Editor’s Note: Washington Week With The Atlantic is a partnership between NewsHour Productions, WETA, and The Atlantic airing every Friday on PBS stations nationwide. Check your local…

Oil industry executive J. Nelson Wood was close to starting a multimillion-dollar drilling project in Illinois. Then came President Donald Trump’s tariffs.  Now, the cost of the pipes he will need for the project has doubled following Trump’s tariff on steel imports, while the price for his oil has fallen…