US-Canada trade war heats up as Trump doubles metals tariffs, then backs off
President Donald Trump reversed course on Tuesday afternoon on a pledge to double tariffs on steel and aluminum from Canada to 50%, just hours after announcing the higher tariffs, in rapid-fire moves that scrambled financial markets.
The euro hit a five-month high on Tuesday after Ukraine agreed to a 30-day ceasefire proposal, while the dollar rose to a one ...
The Trump administration is not speaking with one voice. Scott Bessent, the new treasury secretary, has stressed that the ...
Speculation that the Trump administration could seek a weaker dollar in the long run as a way to make U.S. exports more competitive are misplaced, BNP Paribas’ James Egelhof said.
"We would not have expected these market moves at the start of the year," Deutsche Bank, wrote Tuesday, noting the recent ...
As countries worldwide scramble to understand how to work with President Donald Trump, Saudi Arabia has set an example with ...
The U.S. dollar hovered near a three-month low against major peers on Wednesday after the latest round of U.S. tariffs and ...
The Senate Banking Committee will vote Thursday on a bipartisan deal to regulate stablecoins as House Republicans push for ...
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