Latest in Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods
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What does Ontario's electricity surcharge mean for New York?
A 25% surcharge on electricity from Ontario, Canada, took effect in three U.S. states on Monday in response to planned tariffs from the Trump administration. New York is the nation's biggest ...CBS News - 2d -
Ontario says it will slap a 25% surcharge on US-bound electricity
The move is in retaliation to Trump's tariff threats on Canada, and is expected to raise energy costs for 1.5 million US homes.BBC News - 3d -
Ontario's Premier Doug Ford moving ahead with tariffs on the U.S.
Ontario Premier Doug Ford will start tariffs directed at the United States on Monday, unless President Trump's threat of a trade war with Canada comes to an end.CBS News - 5d -
Wall Street reacts to Trump's tariff flip-flopping with Canada
U.S. stocks racked up heavy losses for a second straight day in a volatile session that had investors fixated on President Trump's ever-evolving trade war with Canada. Kelly O'Grady explains.CBS News - 1d -
Trump halts plan for 50% steel and aluminium tariffs on Canada
It comes after the Canadian province of Ontario said it would suspend a 25% surcharge on US-bound electricity.BBC News - 2d -
Trump backs down on 50% steel and aluminium tariffs on Canada
U-turn comes after province of Ontario removes surcharge for power exports to the US but 25% levies to still take effectFinancial Times - 2d -
Trump Doubles Tariffs on Canada’s Steel and Aluminum
Small manufacturers in the U.S. will likely be hurt by resulting cost increases. The president is unmoved.Inc. - 2d -
Prison labor, an invisible workforce of the U.S. economy
Incarcerated workers produce $2 billion in goods and $9 billion in services every year. But not all of the incarcerated are paid for their labor, which can benefit people inside and outside a ...CBS News - 4d -
Watch live: Trump addresses business leaders amid economic uncertainty
President Trump will give remarks to a room of business leaders Tuesday evening, as concerns around a possible trade war and the impact of tariffs on the U.S. economy mount. Trump's 25 percent ...The Hill - 2d -
Mark Carney, Canada's next prime minister, pledges to take on Trump
Canada's next prime minister, former central banker Mark Carney, is pledging to take on President Trump as the president imposes tariffs and threatens to turn the country into the 51st state. CBS ...CBS News - 2d -
'Tariffs break trust': How Trump's trade policy is putting pressure on U.S. farmers
American farmers could ultimately feel even more pain as a result of President Donald Trump's tariffs on Canada, Mexico and China.CNBC - 1d -
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump’s tariff policies will be worth it, even if the economy ends up in a recession. In an interview that aired Tuesday, CBS News’s ...The Hill - 1d -
Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact
Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S.NBC News - 3d -
Trump floats 250% tariff on dairy from Canada
Jerome Powell's remarks came as Trump threatened new tariffs on Canada.ABC News - 6d -
The Memo: Trump, amid tariff tangle, sounds serious about bringing Canada into US
President Trump’s tariff policies sparked another day of political and financial-market turmoil Tuesday — along with new recognition that he really may be serious about trying to make Canada part ...The Hill - 1d -
Trump tariffs on steel and aluminum come into effect amid US-Canada trade war
European Commission announces countermeasures after sweeping US levies of 25% come into force without any exemptions. Donald Trump’s tariffs on steel and aluminum imports took effect on Wednesday ...The Guardian - 1d -
Dick’s Sporting Goods faces tariff ‘unknowns’ and issues conservative outlook
“The convergence of sport and culture in our country has never been stronger, and with a series of major sporting events set to take place in the U.S.,” the company said.MarketWatch - 2d -
Is the new inflation data a good sign for the U.S. economy?
New Consumer Price Index data showed inflation slowed in February, which may be a good sign for the U.S. economy for now. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 1d -
Congress keeps a distance on Trump’s tariff rate disputes
President Trump's tariffs on Canada and Mexico, as well as his exemption of North American trade agreement-protected goods, has led to a hands-off approach from Congress, which has been reluctant ...The Hill - 9h -
Ontario is tacking on a 25% surcharge to electricity sent to the U.S.
Ontario Premier Doug Ford said a 25% surcharge on electricity sent to Michigan, Minnesota and New York, will be effective on March 10.CBS News - 3d -
Top diplomats from G7 countries meet in Canada as Trump threatens more tariffs on US allies
Top diplomats from Group of 7 industrialized democracies have gathered in Canada as U.S. President Donald Trump's trade and foreign policies have thrown the bloc's once solid unity into disarrayABC News - 8h -
The U.S. Agreed to Resume Military Aid to Ukraine
Also, Trump walked back a plan to double metal tariffs on Canada. Here’s the latest at the end of Tuesday.The New York Times - 2d -
Bourbon industry in crosshairs of U.S.-Canada trade war
Distilleries in the heart of America's bourbon industry are finding themselves in the crosshairs of a brewing trade war between the U.S. and Canada.NBC News - 1d -
GOP lawmaker on Ontario electricity surcharge: 'It's only going to help Trump'
House Majority Whip Tom Emmer (R-Minn.) said Monday that Ontario’s 25-percent surcharge on electricity exports to his state — announced in response to President Trump’s tariffs on Canada — will ...The Hill - 3d -
'Pokémon Go' sells to Saudi-backed Scopely in $3.5-billion deal
Scopely, a mobile game company, will purchase 'Pokémon Go' and other games from developer Niantic in a deal worth $3.5 billion, the companies announced Wednesday.Los Angeles Times - 1d -
Recession Risks Rise Over Tariff Chaos, Polls Find
U.S. inflation risks have worsened, while recession risks are also mounting for Mexico, Canada and the U.S., the surveys found.Inc. - 6d -
Sales of US goods 'rapidly dropping' at Canadian grocery stores
Canadians are buying fewer products made in the U.S. in an effort to brace for the impact of President Trump’s sweeping tariffs, which are set to cause prices to skyrocket across a range of ...The Hill - 2h -
US-Canada products are 99 percent tariff-free: Canadian ambassador to US
Canada's ambassador to the United States said 99% of products traded between the two nations are tariff-free.The Hill - 2d -
Tesla warns Trump administration it is ‘exposed’ to retaliatory tariffs
Elon Musk’s electric-car maker says levies could make it costlier to produce vehicles in the USFinancial Times - 3h -
OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services
Ahead of CoreWeave's upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost $12 billion.CNBC - 3d -
Roche shares pop 5% on $5.3 billion obesity drug deal with Zealand Pharma
Swiss pharmaceutical giant Roche said Wednesday that it had struck a deal worth up to $5.3 billion to develop Zealand Pharma's obesity drug candidate.CNBC - 1d -
Ime Udoka on 2024-25 Houston Rockets: ‘Deepest team I’ve had’
Regarding the 2024-25 Rockets, Ime Udoka tells Chris Mannix: “This is the deepest team I’ve had. And I’ve been around some really good teams.”Yahoo Sports - 1h -
Ontario slaps 25% increase on electricity exports to the U.S. in response to Trump's trade war
Ontario is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war, the province's premier, Doug Ford, said.NBC News - 3d -
Jamie Dimon on Trump tariff policy: 'Uncertainty is not a good thing'
JPMorgan Chase CEO Jamie Dimon acknowledged President Trump’s tariff policy is causing uncertainty for businesses, which is “not a good thing.” “I don’t think the average American consumer who ...The Hill - 8h -
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - 3d -
New Chinese tariffs add pressure on American farmers amid ongoing trade war
China's new tariffs on U.S. agricultural goods take effect today, cutting into American farmers' largest overseas market. The move follows the White House's decision to end a major source of farm ...CBS News - 3d -
"Super pigs" cause chaos along U.S.-Canada border
The U.S. border with Canada is under new scrutiny, with both countries focusing on increased migration and drug and weapons smuggling. But farmers and ranchers have another concern: So-called ...CBS News - 5d -
Fetterman on Trump tariffs: We don't have to 'punch' allies 'in the mouth'
Sen. John Fetterman (D-Pa.) said he disagrees with President Trump’s approach to tariffs on Canada and Mexico, calling it a blow to the U.S.'s working relationship with its allies. “Truthfully, I ...The Hill - 1d -
G7 meetings kick off as world reacts to Trump's tariffs
Secretary of State Marco Rubio is representing the U.S. during the Group of 7 meetings in Canada. This comes as President Trump's tariffs cause concern around the world. Touria Izri, a Global News ...CBS News - 3h -
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...The Hill - 3d