Canada and Mexico tariffs risk inflating US housing crisis, Trump is warned

Exclusive: Dozens of congressional Democrats urge president to reconsider threatened import duties on US’s two largest trading partners

Pressing ahead with steep tariffs on Canada and Mexico risks exacerbating the US housing crisis and threatening the broader economy, dozens of congressional Democrats have warned Donald Trump.

The US president, after threatening to hit imports from the US’s two biggest trading partners with a 25% tax, is weighing how to proceed after approving a one-month delay.

Topics

Inflation increased in January, posing obstacle for Trump tariff plans

Consumer prices rose 3% in January compared to a year ago, data showed.
ABC News - 1h
Nations Denounce Trump Tariff on Metals and Warn of Retaliation

Canada, Mexico and European countries criticized President Trump’s levies on steel and aluminum with fears that they could ignite a global trade war.
The New York Times - 23h
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The New York Times - 13h
Democrats call on Trump to retract tariffs on Canada, Mexico before they are implemented

A group of Democrats have called on President Trump to retract tariffs on Canada and Mexico before they are implemented. “As Members of the House Ways and Means Committee, we urge you to retract ...
The Hill - 19h
Canada vows swift retaliation to 'unjustified' Trump tariffs

As top exporter of steel and aluminium to the US, Canada sees new trade barriers as a threat to its economy.
BBC News - 1d
How Trump’s Tariff Threats Tore the U.S.-Canada Bond

Patriotic sentiment is bursting in Canada after President Trump’s threat to apply hefty tariffs and even annex the country. The damage to the two nations’ relationship could be lasting.
The New York Times - 1d
European companies warn over Trump tariff uncertainty

Executives left guessing at scale and impact of any US levies on EU imports
Financial Times - 3d
Trump’s Tariff Plan Is Looking Potentially Disastrous for Inflation

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The New York Times - 5d

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