S&P affirms ‘AA+’ credit rating for US, cites impact of tariff revenue
S&P Global on Monday affirmed its “AA+” credit rating on the U.S., saying the revenue from President Donald Trump’s tariffs will offset the fiscal hit from his massive tax-cut and…
GM Signs Multiyear Steel Supply Deal With Cleveland-Cliffs
Bloomberg reports that sources familiar with the matter have confirmed that Cleveland-Cliffs, America’s biggest automotive steel supplier, has signed a 3-year, fixed-price contract with multiple U.S.-based automakers, including GM. This…
US expands scope of Section 232 steel, aluminum tariffs
The U.S. has expanded the list of goods subject to Section 232 tariffs on steel and aluminum imports, per Customs and Border Protection bulletins published Friday. In the bulletins, CBP…
Italy Seeks to Limit China’s Ownership of Critical Companies
Italy’s government is considering plans to curb Chinese investors’ holdings at key companies to avoid tensions with the US at a time when tariffs and a strong euro are challenging…
Trump tariffs live updates: 117-year high in volume at busiest port in the US
The Port of Los Angeles, the busiest port in the US, reported the highest monthly container volume in its 117-year history for July as shippers front-load cargoes amid ongoing tariff…
Mexico sets minimum tomato export prices after U.S. deal ends
Mexico has introduced minimum export prices for fresh tomatoes to protect domestic production and ensure internal supply, following the expiry of a bilateral agreement with the United States. The announcement…
List of U.S. Tariffs Around the World (2025)
A sweeping U.S. tariff policy effective August 7, 2025, targets over 90 nations with rates from 0% to 50%, aiming to push trading partners toward fairer terms. With India facing…
Made in America, Lost in Canada: US Tariffs Trigger Job Slump in Canada
Canada’s labour market suffered a setback in July, with the economy shedding 40,800 jobs and pushing the national employment rate down to 60.7%, its lowest level since November, Statistics Canada…
China steel exports rise in July despite protectionist backlash
China’s steel exports climbed in July, continuing a record-breaking run despite growing trade barriers being thrown up by countries concerned about a flood of Chinese exports. Steel exports in July…
Higher US Tariffs Kick in for Dozens of Trading Partners
The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of President Donald Trump’s drive to reshape global commerce in America’s…