In remarks from the Oval Office on Friday, U.S. President Donald Trump discussed with disgust the massive tariffs Canada has on dairy and lumber and indicated that reciprocal tariffs from the U.S. could be "coming today" or next week.
"They'll be met with the exact same tariff unless they drop it, and that's what reciprocal means," Trump said. "We may do it as early as today, or we'll wait till Monday or Tuesday, but that's what we're going to do. We're going to do, we're going to charge."
The comments from Trump follow the 25% tariffs Trump placed on most goods from Canada this week. Later in the week, Trump provided big U.S. automakers with a one-month reprieve from the tariffs.
Trump added that reciprocal tariffs on other nations will be forthcoming on April 2nd. He mentioned India, European countries, and others as having to brace for reciprocal tariffs.
Source: Investing.com
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economi...
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump, but s...
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President D...
Federal Reserve Governor Christopher Waller said concerns about private-sector hiring have fueled his call for the central bank to cut interest rates this month. "The private sector is not performing ...
Federal Reserve Chairman Jerome Powell, in a letter on Thursday, rebutted criticism leveled at the central bank by a top White House official regarding the $2.5 billion renovation project. "We take se...
The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...
Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...
The Producer Price Index (PPI) for final demand in the US rose 2.3% annually in June, according to data published by the US Bureau of Labor...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will...