Hundreds of Canadian workers, many in the steel and aluminum sectors, have been laid off as a result of U.S. President Donald Trump’s tariffs, according to a major union and companies. Economists warned this was only the beginning as the impact of tariffs is expected to broaden the longer they are in place. Uncertainty surrounding … Read More

China is running a trade surplus that the world economy can’t “live with,” former US President Bill Clinton’s top trade official said, warning its exports would face new roadblocks without fixing the domestic causes fueling the imbalances. “China is exploiting manufacturing, suppressing domestic consumption, and expects that the world can live with a trillion dollar … Read More

The tariffs, which the White House expects to raise $100 billion in revenue annually, could be complicated as even U.S. automakers source their components from around the world. Trump has long said that tariffs against auto imports would be a defining policy of his presidency, betting that the costs created by the taxes would cause … Read More

Vietnam’s finance ministry has put forward a proposal to cut preferential import tariffs on a range of products including LNG, cars, wood, and agricultural products, as the nation seeks to avoid the imminent threat of US tariffs. Under the changes, tariffs on some types of cars are set to be cut to 32% from a … Read More

U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise. The outcome of their talks will determine when and by how much merchandise prices rise – and even which products retailers will keep on store shelves. … Read More

Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build … AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said … Read More

Derek Simms, the president of the Simms Hospitality Group in Dallas, says the number and quality of Texas brands of wine, beer and spirits has exploded over the past decade, and should the president slap tariffs on imported liquor it’ll be painful for people used to ordering their favorite brand of French wine, Champagne or … Read More

When a Republican president who purports to be a conservative is aligned on economic policy with an anti-capitalist labor boss and the leading socialist voice in Congress, there’s trouble ahead for America. But there Donald Trump is, being cheered on for his tariffs by UAW President Shawn Fain and Vermont Sen. Bernie Sanders. “Tariffs are … Read More

The United Auto Workers, or UAW, representing thousands of American auto workers, has thrown itself behind U.S. President Donald Trump’s tariffs against Canada and Mexico. “We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class,” the union said recently. It’s … Read More

“We didn’t put the United States as the first priority. Now we need to put United States as the first and foremost priority,” said Lee, chairman of the trade association that represents Taiwan’s biggest manufacturing players. Taiwan companies, master craftsmen of the world’s electronics, have sprung to the vanguard of shifting manufacturing to the US. … Read More