Latest in Tariffs Wars Drain
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Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’
The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.Inc. - 3d -
Trump’s Delay on Mexico and Canada Tariffs Came in Response to Market Revolt
With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.The New York Times - 3d -
US lumber prices slide on Trump’s Canadian tariffs delay
Futures close to record high after US orders investigation into dumping practicesFinancial Times - 2d -
Steve Kornacki: How the economy is responding to Trump’s on-again, off-again tariffs
NBC News National Political Correspondent Steve Kornacki joins Meet the Press to look at how the markets are responding to President Donald Trump’s trade policies.NBC News - 2d -
Morning Report — This week: Funding suspense, tariff two-step, DOGE bites
In today’s issue: Speaker Mike Johnson (R-La.) says he has the votes to dodge a possible government shutdown by next weekend. A floor vote could happen Tuesday under his plan, which envisions ...The Hill - 1d -
Ontario sets 25% surcharge on energy exports to US to counter Trump tariffs
Premier Doug Ford says province ‘won’t back down’ until US president retracts duties on Canada. The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to the states ...The Guardian - 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 - 1d -
Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.The New York Times - 1d -
Canada gets new leader, but don’t bet on a quick Trump tariff truce
Could the U.S. and Canada quickly patch up trade relations following the resignation of Prime Minister Justin Trudeau? Don’t count on it.MarketWatch - 22h -
Stocks plunge, market closes down on recession fears amid escalating tariffs
The major stock indexes plunged on Monday amid fears of a possible recession.ABC News - 21h -
Can Mark Carney, Canada’s New Leader, Take on Trump and His Tariffs?
Mark Carney will most likely be in power just a few weeks before a federal election is held. To win, he will try to convince Canadians he can take on, but also negotiate with, Trump.The New York Times - 17h -
Rand Paul: ‘When the markets tumble like this in response to tariffs, it pays to listen’
Sen. Rand Paul (R-Ky.), who has long been considered one of the Senate’s budget hawks, recently gave advice that when the stock market tumbles, “it pays to listen.” “The stock market is comprised ...The Hill - 4h -
The White House is using tariffs to restore manufacturing. Data suggests it will take time.
What the White House wants and what the economic realities of manufacturing and trade are don’t line up, experts say.NBC News - 6h -
US stocks drop amid fresh tariffs on Canada, recession fears
The selloff on Tuesday extended losses from a day earlier.ABC News - 3h -
C.E.O.s Will Meet With Trump Amid Fears About Tariffs’ Fallout
The president is set to meet with corporate leaders on Tuesday, as concerns over his protectionist trade policies weigh on markets and the economy.The New York Times - 5h -
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 - 1h -
Treasury Secretary Bessent says economy could be 'starting to roll a little bit'
President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."CNBC - 4d -
Apple’s stock sees worst day since 2022. Here are 2 major worries for investors.
Investors are concerned about delayed AI features and the looming threat of tariffs.MarketWatch - 19h -
‘I’m deeply disturbed’: My portfolio lost 20%. With Trump’s trade war, do I sell my stocks and buy gold?
“With the current state of domestic and global affairs, I’m at a loss as to how to keep my economic stability in check.”MarketWatch - 22h -
Democrats struggle against relentless Republican hammering on immigration
Republicans put Democrats in the hot seat as they continue to try and win the messaging wars on immigration policy.Politico - 5d -
Jeffrey Sachs and David Sacks take it to the ‘warmongers’ and Zelensky
There is a good chance that you have not read or heard about the horrific casualty numbers emanating from the war in Ukraine.The Hill - 3d -
Syria’s Interim President Calls for Unity Amid Fresh Fighting
More than 1,000 people have been killed in clashes in the coastal provinces of Syria, according to one war monitoring group.The New York Times - 1d -
Ukraine seeks to persuade US to resume aid in high-stakes talks
Zelenskyy in bid to persuade Trump he wants an end to war with Russia after freeze on military and intelligence aidFinancial Times - 1d -
FirstFT: ‘Canada will never ever be part of America’
Also in today’s newsletter, Ford to inject more than €4bn into its German subsidiary and shadow war in the Baltic SeaFinancial Times - 1d -
Trump is making Europe great again
The US president has provided the biggest stimulus towards European integration since the end of the cold warFinancial Times - 1d -
With U.S. Aid Cuts No Longer a Threat, Rwanda Bets Big on Soft Power
Rwanda appears to be betting on its reputation as a key security partner and sports destination to minimize any backlash to its involvement in the war.The New York Times - 14h -
Ontario's Doug Ford warns of 'Trump recession,' threatens electrical shutoff to U.S.
Trump said that if Canada cuts off electricity exports to the United States as part of the ongoing trade war "they will pay a financial price for this."CNBC - 2h -
Sunday shows preview: House GOP unveils bill to avert shutdown; Trump's tariffs teeter
House Republicans have unveiled a 99-page, six-month stopgap funding bill to avert a government shutdown and increase defense funding while seeking cuts for nondefense programs, which is likely to ...The Hill - 2d -
Japan seeks tariff reprieve after Trump questions long-standing defence pact
Trade minister to pitch ‘win-win’ solutions in Washington as deadline looms for steel and aluminium dutiesFinancial Times - 2d -
Tariffs could deal a blow to Chinatowns that have no choice but to import cultural goods, locals say
In Chinatowns across the country, people worry about the potential damage to business, loss of cultural traditions and the already high rates of poverty in these immigrant communities.NBC News - 2d -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - 2d -
Trump 2nd term live updates: Trump defends tariffs, declines comment on Ukraine aid
President Donald Trump signed an executive order on Friday limiting who is eligible to benefit from the Public Service Loan Forgiveness program.ABC News - 1d -
Oil prices resume slide, ending lower as tariff fears spark stock-market tumble
Oil futures ended lower Monday, dragged down by fears rising global trade tensions could spark a recession or a slowdown as U.S. equities suffered their worst day of 2025.MarketWatch - 23h -
Volkswagen expects revenue to grow in 2025, says it feels 'all-American' as tariffs loom
The carmaking giant said it expects to see revenue growth in 2025.CNBC - 9h -
Stocks tumble after Trump imposes tariffs and Ukraine's largest drone attack on Moscow: Morning Rundown
Trump changes tone on markets as stocks tumble. Ukraine's largest drone attack on Moscow. Love isn’t blind to politics. Push to treat measles with supplements.NBC News - 7h -
Oil prices bounce after sinking to 6-month low on tariff-induced recession fears
Oil futures rose Tuesday, bouncing after ending the previous session at six-month lows amid a global selloff for equities and other assets perceived as risky.MarketWatch - 4h -
Live updates: Vance makes closing pitch on GOP spending bill; Trump ups tariffs on Canada
Republicans in Congress are racing to pass a GOP stopgap funding bill by 11:59 p.m. Friday to avert a government shutdown. Vice President Vance on Tuesday made his closing pitch for the ...The Hill - 2h -
‘Calm today, but turbulence ahead’: U.S. job openings show stable labor market ahead of Trump job cuts and tariffs
Job openings in the U.S. rose slightly in January, but far fewer companies are hiring compared with a few years ago, and it’s taking people a lot longer to find work.MarketWatch - 3h -
Trump 2.0 is leaving investors 'overwhelmed' — and strategists warn the volatility isn't over
Global markets have seen choppy trade as investors react to the U.S. President’s tariff policies.CNBC - 4d -
Powell Says the Fed Is in No Hurry to Adjust Rates Amid Trump Policy Uncertainty
Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.The New York Times - 3d