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Canada has dramatically hiked duties on American steel imports after Donald Trump shut down trade talks. The country imposed an import quota late Friday and if it is exceeded, certain US metal will face a new 50 percent surcharge. Canada's Finance Minister, François-Philippe Champagne, said the government was acting to protect domestic industry from 'unjust US tariffs,' NBC News reported. The response came hours after Trump posted on Truth Social about how Canada is a 'very difficult country to trade with.' His reason for suspending trade negotiations came down to a tax Canada is set to impose on major tech...

OTTAWA – Canada’s insistence on taxing American tech companies for Canadian-sourced revenue has prompted the U.S. to walk away from ongoing trade negotiations. In a social media post on Friday, U.S. President Donald Trump announced an immediate suspension of trade and tariff talks with Canada due to the Digital Services Tax (DST) – describing it as “egregious” and a “direct and blatant attack” on the U.S. “Based on this egregious tax, we are hereby terminating all discussions on trade with Canada, effective immediately,” Trump wrote on TruthSocial. “We will let Canada know the tariff that they will be paying to...

A prominent Wall Street economist who had slammed President Trump’s tariffs earlier this year now says that the president may have “outsmarted all of us” with his controversial trade policies. Torsten Sløk, chief economist at investment giant Apollo Global Management, said that while the uncertainty surrounding trade policy has already started to weigh on the economy, Trump could lower tariffs on most of the US trading partners while using the levies to boost federal revenue. Sløk suggested in a recently posted analysis that the administration’s approach may be more strategic than previously thought. The optimistic outlook stands in stark contrast...

Donald J. Trump @realDonaldTrump We have just been informed that Canada, a very difficult Country to TRADE with, including the fact that they have charged our Farmers as much as 400% Tariffs, for years, on Dairy Products, has just announced that they are putting a Digital Services Tax on our American Technology Companies, which is a direct and blatant attack on our Country. They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective...

“Terrible” socialist Spain was the sole NATO member to refuse a major increase in defence spending this week, leaving President Donald Trump threatening tariffs in return. Spain will end up paying more, all told, for the dogged refusal of its government to accept a greater share of the common defence of the Euro-Atlantic area because it will simply pay higher tariffs on trade instead, President Trump said on Wednesday. Apparently enjoying playing the room and getting laughs, President Trump showed a glint of steel as he brushed off Spanish reporters trying to ask questions at his end-of-summit press conference in...

Ignore the link but it gets to my point. First let me say, I voted for Trump 3 times, had a Trump flag hanging out front and support 99% of what he does. My concern are the uncertainty with tariffs. I have asked customers on a daily basis for the past 2 months how business is and across SS the board the uncertainty of the tariffs is KILLING business. We sell to these companies and we are dead. Most manufacturers are dead and businesses overall are dead. I can’t believe this has gone on for so long. I think if...

General Motors CEO Mary Barra has publicly cozied up to the Trump administration in recent months, including promoting a major investment in the United States last week, but her tenure at the company has included several examples of the company shipping production and jobs overseas. "I'm actually looking forward to working with the president and with the administration, because I think we can grow the importance of the auto industry and manufacturing, and so I think there's a lot that we have in common," Barra said about the incoming Trump administration in December 2024. This month, GM announced that it...

It's amazing to watch and see him use the same tactics over and over and the retards on the left predictably losing their minds over and over as if on cue. The man is the maestro before a symphony of media. Playing them like it's Wagner. And since very few other world leaders are even comprehending what he's doing, he's rolling them in tariff negotiations. Big wins. Little wins. Incremental wins. Wins. It's Hamiltonian ideas painted by a pugilist. The man is inspired. He's right. And history will remember him more highly than most.

Tariffs on imported goods can have a wide ripple effect on prices, especially in the auto industry where supply chains are global, complex, and highly sensitive to cost changes. In this graphic, we reveal how tariffs will impact U.S. car prices, assuming a flat 25% tariff is applied onto vehicles imported from outside North America. Data & Discussion *** Buick’s Asia-Centric Production Although Buick is an American brand, the company produces many of its models in China and South Korea. As a result, Buick tops this list with a 22% projected price increase—the highest among all brands surveyed. This underscores...

In April, President Donald Trump followed through on a campaign promise and implemented tariffs on the majority of the United States’ trading partners. Predictably, the left lost their collective minds and giddily spoke of the coming collapse of the American economy, higher inflation and massive unemployment. Perhaps no one on the left stoked fear more than the Democrat senator from Hawaii, Brian Schatz. Schatz lamented that, "Donald Trump is ruining the economy on purpose … we'll be paying more for everything – groceries, food, cars, homes, toys, electronics, everything that you buy. This is about the ability for people to...

I think our duty to a representative and limited government, a constitutional republic, doesn’t end when we exercise one day of democracy — Election Day and the vote. If our candidate makes mistakes, it’s up to each of us to speak out — not to criticize, but to educate, to ask him to do better. The following is an attempt to apply principle to the specific issue of tariffs and the overarching principle of constitutionally limited government. Congrats: Any citizen who consumes (buys) goods made in China, you are going to pay 35 to 50 percent more for everything you...

The Federal Reserve Bank of New York recently released a survey that found businesses are passing some or all of the cost of higher tariffs onto consumers through higher prices. The New York Fed conducted its survey of businesses in the New York and northern New Jersey region from May 2-9 and found most businesses passed on at least some of the higher tariffs to their customers through higher prices. It found that about 90% of manufacturers and roughly three-quarters of service firms import some goods, with the average share of imported inputs at around 30% for all firms. Manufacturers...

This is actually a very surprising development. The World Bank (WB) is a heavily controlled multinational exploit of the World Trade Organization (WTO) and World Economic Forum assembly (WEF). This could be looked upon as the WTO/WEF taking a knee as they finally accept Godzilla Trump is not going to relent. Remember, the Build Back Better agenda was a construct from the WEF/WTO.Looking a little more deeply at the people behind the latest shift in tone and paying close attention to the wording they are using, there’s an inference the World Bank is telling Europe to stop being intransigent or...

President Donald Trump on Wednesday hailed a favorable decision by a federal appeals court over his sweeping tariff policy as a “great” win for the United States. Trump said on his social media site that the court’s decision Tuesday night to let the government keep collecting his sweeping import taxes while challenges to his signature trade policy continue on appeal means the U.S. “can use TARIFFS to protect itself against other countries.” “A great and important win for the U.S.," Trump wrote. The decision by the U.S. Court of Appeals for the Federal Circuit extends a similar ruling it made...

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread. Consumer prices rose 0.1% last month, while the annual inflation rate increased to 2.4% from a four-year-low of 2.3% notched in April, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. The better-than-expected inflation reading is welcome news for Americans worn down by the higher cost of living and who are fearful of whether tariffs will drive that higher. However, while the tariff impacts weren’t prevalent in Wednesday’s report, the latest CPI...

U.S consumer prices barely rose at all in May, the fourth straight month of mild inflation and a sign that the Trump administration’s tariffs have not raised prices on American households. The consumer price index, the government’s main inflation indicator, 0.1 percent compared with a month earlier, the Department of Labor said Wednesday. Core prices, a measure that excludes volatile food and energy prices, also climbed just 0.1 percent. Compared with a year ago, consumer prices are up 2.4 percent. Core prices have risen 2.8 percent. Economists had forecast prices would rise 0.2 percent, matching the tame inflation figure reported...

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing. American and Chinese negotiators agreed “in principle” to a framework on how to implement the consensus reached by the previous round of talks in Geneva last month and a phone call between the two countries’ leaders last week, China’s trade negotiator Li Chenggang told reporters in London, according to Chinese state broadcaster CGTN. Officials on both sides will...

A new round of trade negotiations between the United States and China has started in London, with both sides trying to preserve a fragile truce brokered last month. The fresh talks were announced last week after a long-anticipated phone call between US President Donald Trump and Chinese leader Xi Jinping, which appeared to ease tensions that erupted over the past month following a surprise agreement in Geneva. In May, the two sides agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period. The mood was upbeat. However, sentiment soured quickly over two major sticking points:...

Are the tariffs working? The headline from the BBC, Tariffs prompt record plunge in US imports.The details, Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump. You literally have to go down to the final two sentences to learn the bottom line of the report, Exports so far this year are up about 5% compared with 2024. The overall goods and services deficit in April was $61.6bn, down from $138.3bn in March. Wut? Exports are up? How can that...

One reason America has become the economic superpower is that the 50 states comprise one giant free trade zone. The Europeans wanted to emulate that model with the creation of the EU, but it hasn’t worked. Here is a stunning fact from the Wall Street Journal’s Joe Sternberg: The International Monetary Fund calculates that Europe’s complex economic regulations impose the same costs as would a 44% tariff on goods traded between EU countries. For services, the costs of complying with different national rules are equivalent to a 110% tariff. By comparison, the regulatory costs associated with trading manufactured goods across...