trade war

It was in the air, but now it's official. President Donald Trump confirmed Thursday the United States will impose 25% tariffs on imports from Canada and Mexico starting Saturday, Feb. 1. The move follows Trump's promise to impose tariffs due to concerns over illegal immigration, wide trade deficits...

Ontario Premier Doug Ford is preparing to take a tough stance against the U.S., threatening economic retaliation if President Donald Trump targets Canada in a trade conflict. Ford has outlined a series of retaliatory measures, including cutting power transmission to U.S. homes and businesses and...

The World Trade Organization’s (WTO) chief issued a warning on Thursday about the potentially disastrous impact of trade wars on global economic growth. What Happened: Ngozi Okonjo-Iweala, the WTO’s Director-General, voiced her concerns during a debate at the World Economic Forum...

Ahead of fourth-quarter earnings, Bank of America analyst Vivek Arya is looking closely at automotive demand headwinds and a possible trade war with China. The Semiconductor Analyst: Arya also published a note on the semiconductor industry on Tuesday, covering several companies: Texas Instruments...

The chemical industry could be in for a turbulent 2025 spurred by increased demand, cost inflation and President-elect Donald Trump‘s PFAS policies. The Chemicals Analyst: Bank of America analyst Steve Byrne released a note covering the chemicals industry on Tuesday, upgrading and downgrading...

Mexican President Claudia Sheinbaum offered a sharp rebuke of President-elect Donald Trump‘s tariff threats. What Happened: According to Bloomberg. Sheinbaum has suggested that Mexico could respond to U.S. tariffs with a protectionist policy of its own. "One tariff will be followed by another...

The U.S. dollar surged past 155.60 yen on Wednesday, hitting levels unseen in nearly four months. What Happened: Investors piled back into yen-dollar carry trades. The speculation is that the incoming Trump administration will aggressively hike tariffs on imports. Economists expect the planned...

Minneapolis Fed President Neel Kashkari said Tuesday the Federal Reserve could hold off on an interest rate cut in December if inflation data comes in hotter than expected. In an interview with Yahoo Finance, Kashkari also shared his views on inflation, the labor market and the potential effects...

Goldman Sachs analysts have turned surprisingly bearish on chipmakers, advising investors to hedge their exposure to the sector by purchasing put options. In a note shared Friday, analyst Arun Prakash, CFA, cautioned about the potential for further downside in the semiconductor sector in the near...

Goldman Sachs chief economist Jan Hatzius weighed in on former President Donald Trump‘s plans to impose a 10% across-the-board tariff on U.S. imported goods to punish other countries. Such a plan would protect domestic industries, Trump argues. But that’s not how the global economy...

In the wake of escalating tensions with the European Union (EU) over electric vehicle (EV) imports, China has issued a warning that a trade war could be imminent. The cautionary note comes as Germany’s economy minister, Robert Habeck, visits Beijing, with the proposed tariffs being a primary...

China has taken a new step in the ongoing economic battle with the west, launching a new anti-dumping probe of plastics made in the U.S. and the European Union. The move can be read as a possible retaliation against recent protectionist measures by Western countries, including a recent increase of...

President Joe Biden announced Tuesday a significant increase in tariffs on a range of Chinese goods, aimed at protecting the American economy and safeguarding domestic jobs. These measures are also designed to counteract China’s heavily subsidized production, which Biden stated was “...

In an interview on Monday, Treasury Secretary Janet Yellen outlined the current administration’s stance on several key economic issues, including tariffs on China and the need for domestic investment in strategic sectors, such as semiconductors and clean energy, which she believes are...

Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections. The credit rating agency predicts that significant increases in U.S. trade tariffs, especially...