Trump, tariffs
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President Trump on Thursday claimed India has offered to drop tariffs on US goods as part of a potential trade deal. Speaking at a business event in Qatar, he claimed India is "willing to literally charge us no tariff.
US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a squeeze on profit margins, according to new data released Thursday.
The state of Michigan's financial picture has eroded considerably since January 2023, when the state was sitting on a $9.2-billion budget surplus.
Like many small businesses, American chocolate maker Guittard is bracing for the coming impacts of Trump's tariff war, but unlike some industries, the company is totally reliant on imports.
In a sign that consumer demand may be fraying around the edges, spending at US retailers slowed sharply in April to 0.1% after a surge of 1.7% in March as shoppers rushed to beat President Donald Trump’s stiff tariffs.
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Walmart wheeled its trolley cart right into President Donald Trump’s ankles. The largest U.S. retailer and a bellwether for consumers said on Thursday that tariffs would force it to raise prices, just a month after it expressed confidence that it would keep them low.
President Donald Trump said India has made an offer to drop tariffs on US goods, as the Asian nation negotiates a deal to avert higher import taxes.
While many Canadian companies are hurting because of the trade war, some are booming as clients look for ways to avoid doing business in the U.S.
Ontario, Canada's most populous province and manufacturing powerhouse, on Thursday forecast its widest budget deficit since the height of the pandemic, more than doubling in size, and a slower move into surplus as it increased spending to support the economy in a trade war with the United States.