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The Senate passed a resolution aimed at ending President Donald Trump’s tariffs on Canada, with four Republicans joining Democrats to rebuke the administration’s trade policies a day after they voted to terminate tariffs on Brazil. Sens. Rand Paul, Lisa Murkowski, Susan Collins and former Republican Leader Mitch McConnell crossed the aisle to side with Democrats in the 50 to 46 vote. They all previously voted to block the Canada tariffs in April.

U.S. President Donald Trump said on Wednesday a trade deal had been struck with South Korea, in remarks that sent the won up against the dollar, as a compact promises to dispel uncertainty for the trade-reliant economy. “We did, we did. We did reach a deal,” Trump said in response to a query on whether a deal was struck, ahead of a dinner hosted by South Korean President Lee Jae Myung. “We made our deal, pretty much finalized it,” he added later, without giving details. The won (=KRW) was up 0.54% against the dollar by 10:01 GMT on the news....

Mark Carney Is Trapped: Why Canada Cannot Agree to Trump’s Trade DemandsBy The Hermit The American media often portrays trade negotiations as a personal contest of wills: Donald Trump versus Mark Carney. But that framing misses the central truth of Canada’s political system. Unlike the President of the United States, who holds executive authority independently of Congress, Mark Carney is not a singular decision-maker. He is the product — and the prisoner — of Canada’s parliamentary system, its coalition politics, its regional power blocs, and its economic dependency on trade policies designed to benefit Canada at the direct expense of...

Washington describes first day of negotiations between Scott Bessent and He Lifeng as ‘very constructive’The US and China kicked off high-stakes trade talks in Malaysia on Saturday that Washington described as “very constructive” ahead of Donald Trump’s trip to Asia for a summit with Xi Jinping.Following weeks of mounting tensions between the world’s two biggest economies, US Treasury secretary Scott Bessent and Chinese vice-premier He Lifeng held negotiations in Kuala Lumpur that will help shape the outcome of the summit on Thursday.This month Beijing announced sweeping export controls on rare earths, prompting Trump to threaten an extra 100 per cent...

President Trump’s upcoming trip to Asia is a reminder that his trade philosophy has not changed: America’s economic strength is the foundation of its global influence. His mission is to turn high-stakes negotiations into opportunities for American workers and investors. But as trade tensions with China ignite again, business leaders should prepare for volatility and opportunity to rise in tandem.The White House hopes to announce a series of trade agreements during his trip to Malaysia, Korea, and Japan. U.S. Trade Representative Jamieson Greer has indicated that the administration expects to sign multiple deals during the Asia swing. The agreements would...

President Donald Trump late Friday blasted the Ontario provincial government in Canada for waiting until after the first two games of the World Series to pause a television ad featuring former President Ronald Reagan criticizing tariffs. "They could have pulled it tonight," Trump told reporters at the White House as he headed to fly to Asia. "Well, that's dirty play," he said. "But I can play dirtier than they can, you know." Trump had cited the ad in his decision on Thursday night to trade negotiations with Canada. Ontario Premier Doug Ford on Friday afternoon said he would pause the...

Trump ended all trade talks with Canada on ThursdayThe liberal Canadian premier who launched a $75 million anti-tariff ad campaign in the United States featuring former President Ronald Reagan will yank the effort after pressure from President Donald Trump.Ontario Premier Doug Ford said Friday afternoon that he would pause the ad campaign put out by his administration targeting Americans starting on Monday. That announcement came after Trump on Thursday said he had ended all trade talks with Canada over the ad, calling it an effort to influence American politics.“Our intention was always to initiate a conversation about the kind of...

The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs. The ad was for $75,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED. Thank you for your attention to this matter! President DJT

President Donald Trump said Wednesday he would likely make the highly unusual move and head to the Supreme Court to watch arguments on the cases related to his tariffs. On November 5, the Supreme Court will hear arguments on whether the president has the authority to impose his tariffs under the International Emergency Economic Powers Act. Talking to reporters in the Oval Office, Trump talked about how important the cases are to him. 'We have a big case coming up in the Supreme Court, and I will tell you, that’s one of the most important cases in the history of...

For thousands of manufacturers across China, it’s déjà vu—with implications for the country’s fragile economy. Earlier this year, after President Trump raised tariffs on Chinese goods to 145% in April, American customers of Alan Chau’s toy factory in southern China abruptly froze orders, sparking a cash crunch ttohat brought his business to the brink. So it came as a relief when the U.S. and China reached a trade truce weeks later in mid-May, rolling back most of their tariffs on one another—and allowing Chau to resume shipping his products again. Now, less than six months later, prohibitively high tariffs could...

The Supreme Court will likely agree with lower courts that ruled President Donald Trump can’t use the International Emergency Economic Powers Act to impose broad tariffs, according experts surveyed by JPMorgan. Trade and legal experts said the odds that the high court will rule against the Trump administration are 70%-80% and expect a decision by the end of the year

The status quo is not going to cut it for Canadian Prime Minister Mark Carney at his Tuesday meeting with President Donald Trump in Washington. With an unemployment rate of 7.1%, the highest level in nine years and half a percentage point higher since the start of this year, Canada’s economy is faltering. Steep tariffs Trump slapped on cars, steel and aluminum — key Canadian exports to the United States — are making matters worse. And Carney’s meeting is happening just as Trump is prepared to deal another blow to the Canadian economy: tariffs on softwood and lumber, among the...

Conservative law professor William Jacobson of Cornell University, publisher of the Legal Insurrection blog, appeared on the Jesse Kelly show this week and outlined an upcoming Supreme Court case for Trump that he describes as ‘very high stakes.’ The case has to do with the Trump tariffs, and depending on how the court rules, it could have a significant effect on Trump’s economic policy. Jacobson suggests that it could be a very close call. Transcript via Legal Insurrection: Kelly (00:05): The Supreme Court is about to begin another term. I don’t understand these terms. I don’t understand what they’re doing...

In light of Pfizer's (NYSE:PFE) announcement on Tuesday that it will offer its drugs at reduced prices to American consumers, President Trump is backing off his threat to impose 100% tariffs on imported pharmaceuticals to give other drugmakers timeto cut their own deals. A White House official told Politico that it is seeking deals with other large pharmas that would be similar to Pfizer's. On Tuesday, the president also announced the launch of TrumpRx , a direct-to-consumer website for consumers to find discounted drugs. The official alluded to comments made by Commerce Secretary Howard Lutnick during a press event announcing...

The European Union is poised to fully implement the world's first carbon border tax from Jan 1st...The EU is poised to implement the climate policy as part of an effort to reduce greenhouse gas emissions and promote cleaner production processes outside the bloc.

We now have confirmed reports of all commercial traffic into Canada are blocked. Here in the WNY area, we have Interstate 190 clogged, due to this delay. WE are told it's some kind of malfunction, but so far, it appears to be nationwide. No further details from Ottawa.

Peter Navarro, senior counselor to President Donald Trump for trade and manufacturing, during a special Founders Roundtable on Breitbart Fight Club said that President Donald Trump has proven the country could use tariffs to reduce its trade deficit.“We run chronic trade deficits which exceed a trillion dollars a year. Now, we’ve exported $18 trillion of wealth so far through the chronic trade deficit, and we’ve seen a reduction in our resilience, in our supply chains, our availability. It’s hurt our defense industrial base. It’s a national emergency in every possible way that you could think,” Navarro said in response to...

Democrat lawyers want to define tariffs as taxes because taxes must be approved by Congress, not Trump. Taxes are imposed upon persons earning income in the U.S. Tariffs are import duties imposed upon foreign entities. They are not taxes. The courts need to get this right. If the courts says Congress must approve tariffs, Congress will be unable to comply. Tariffs change commonly, and there are 194 countries that will pay tariffs to us. There is no chance that Congress could handle that task, nor should it. Congress’s duty is to approve a rare change of income tax, which is...

The Supreme Court agreed Tuesday to hear arguments over President Donald Trump’s sweeping global tariffs, taking up a fast-moving appeal that deals with the centerpiece of the administration’s economic agenda. In the meantime, the tariffs will remain in place while the court hears the case. Trump is pressing the justices to overturn a lower court ruling that found his administration acted unlawfully by imposing many of his import taxes, including the “Liberation Day” tariffs the White House announced in April and tariffs placed this year against China, Mexico and Canada that were designed to combat fentanyl entering the United States....

Political Junkie’s Advanced AI Review of the Federal Circuit Court’s Rejection of President Trump’s Tariffs Below is another Perplexity Pro AI discussion about emerging news. This time, I had the AI analyze the decision by the Federal Circuit Court that declared that President Trump had no delegated authority to issue his sweeping tariffs using the International Emergency Economic Powers Act (IEEPA). As has happened before, the AI starts with the mainstream opinion, and then is slowly moved to an opposite opinion once the facts are more deeply explored. As usual, this is a VERY LONG thread, as it explores...