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Canada’s dollar and Mexico’s peso took a hit Saturday, with Canada’s dollar sliding to its lowest level since 2003, one day after President Trump imposed tariffs on the two nations. The Canadian dollar dropped 1.4% to roughly C$1.47 against one U.S. dollar. BREAKING: Canadian dollar plummets to the lowest level against U.S. dollar since 2003: pic.twitter.com/3DSc30FlKu — End Wokeness (@EndWokeness) February 2, 2025 The Mexican peso also fell more than 2% to 21.15 against one dollar U.S., Financial Times reports. Chief economist at Mexico’s Banco Base, Gabriela Siller, says, “If the tariff stays on for several months, the [peso’s] exchange...

Last month, during the thick of the holidays, I found myself in a rare though not totally unprecedented predicament: I wasn’t sure which way to bet on the stock market in the year ahead. In my December column, I told you there were three possible 2025 outcomes – all of them seemingly likely, and to a vexingly similar degree. I also told you that I’d come back to you when I could conclude which is, in fact, the most likely. Well, I’m back – and with an answer that has surprised me in more ways than one. Recall the three...

Stock futures tumbled Sunday night to kick off a new trading month, as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits. Futures tied to the Dow Jones Industrial Average slid 463 points, or 1%. S&P 500 futures dropped 1.6%, while Nasdaq-100 futures lost 2.1%. President Donald Trump on Saturday slapped a 25% tariff on goods from Mexico and Canada. He also placed a 10% levy on imports from China. The U.S. does about $1.6 trillion in business with the three countries. Canada responded with retaliatory tariffs of...

Vice President JD Vance was on “Sunday Morning Futures” with host Maria Bartiromo to discuss the recent aviation crash in DC, President Trump’s tariffs and foreign policy initiatives. “There is a very direct connection between the policies of the last administration and short-staffed air traffic controllers. That has to stop,” Vance said. “The President made very clear that he wasn’t blaming anybody, but he was being very explicit about the fact that DEI policies have led our air traffic controllers to be short-staffed. That is a scandal, thankfully it’s a scandal the President has stopped,” Vance continued. “We are talking...

On Sunday's edition of The Weekend on MSNBC, weeknight host Chris Hayes questioned Trump's machismo for imposing higher tariffs on Canada and Mexico than on China. He's tougher on allies than on adversaries, because that's easier, less risky. He even claimed Trump has been "extremely generous to adversaries" like Russia and China. HAYES: He likes the conflict, he likes to project strength, but he's sort of a coward fundamentally. And the stakes of actual conflict and fights with adversaries is much higher. And so this is a way of kind of, a little bit of bullying, and cake and eat...

Sen. Amy Klobuchar (D-Minn.) criticized President Trump’s decision to impose 25 percent tariffs on Mexican and Canadian goods and a 10 percent tariff on Chinese exports. In an interview on MSNBC’s “Inside with Jen Psaki,” Klobuchar said Americans are likely to see prices continue to rise with Trump’s tariffs imposed on goods. “This is just the latest example, as you’ve detailed every day, chaos up, corruption up, and, sadly, prices of eggs up. And we’re going to see more of this if he follows through on this 25 percent tariff on Canada, Mexico, 10 percent on China,” Klobuchar told Psaki.

After months of uncertainty, the White House has finally announced tariffs on Mexico, Canada, and China. The uncertainty since the election and especially the lack of clear communication in the past several days have caused apprehension in the stock market, which is likely part of the reason why these measures were announced on a Saturday, when the markets are closed — always a sign of confidence that an economic policy decision is the right one. The stated purpose is to reduce the flow of illegal drugs and immigrants to the U.S. Trump has had success using blunt-force threats in the...

Benny Johnson @bennyjohnson Immediately following Trump's tariff announcement, the value of both the Canadian dollar and the Mexican peso are in freefall. Don’t mess with the United States of America. 3:55 PM · Feb 2, 2025

It’s finally happened. On Saturday, U.S. President Donald Trump announced that he will be imposing a 10 per cent tariff on Canadian energy products and 25 per cent tariffs on everything else, starting Tuesday. We have no idea what kind of negotiations took place between the Liberals and Trump. All we know is that Canada is now facing the greatest economic threat it has faced in decades.

British Prime Minister Keir Starmer said Sunday that he would seek a strong trade relationship with the U.S. after President Donald Trump suggested he would slap Europe with tariffs after he hit America's biggest trading partners — Canada, Mexico and China — with import taxes. Starmer spoke to reporters while hosting German Chancellor Olaf Scholz at his country estate on the eve of a mission to improve relations with the European Union. “In the discussions that I have had with President Trump, that is what we have centered on, a strong trading relationship," he said. “So it is very early...

The CEO of Canada’s second-largest publicly traded company says Canadians want their government to do all the things that President Trump is demanding — and slammed outgoing Prime Minister Justin Trudeau for not preventing the trade war. Trump, 78, on Saturday, signed an executive order to slap 25% across-the-board tariffs on America’s northern neighbor, citing its failure to meet his demands on helping crack the fentanyl and illegal immigration trade. “Canada thrives when it works with America together. Win by helping America win. Trump believes that Canada has not held its side of the bargain,” Tobi Lutke, who co-founded Shopify,...

With the Trudeau Liberals failing to address Americans' concerns about border security, Edmonton Sun columnist Lorne Gunter tells The Ezra Levant Show that the Alberta premier is the only leader in Canada who recognizes what Trump's tariff threat is about.( See video at thread article link) With tariffs set to begin on Saturday, Canada could quickly find itself embroiled in a trade war with the United States. The White House confirmed the policy would begin this weekend, refuting an earlier report from Reuters that suggested the measure could be delayed until March 1. As the country braces for the impact...

They will now be made to care. The damage done by both fentanyl and human trafficking are far more significant than any cost increases we’ll see due to tariffs. This is not even debatable and for too long China has been attacking us with fentanyl while Canada and Mexico have facilitated the trafficking because deep down they want America weakened.

Here is Bharat Masrani. Born in Uganda, he is the overall head of TD Bank for Canada and its foreign holdings. Under his "leadership" TD Bank ran a massive money laundering operation that was working for Mexican cartels who were moving Chinese fentanyl. TB Bank must now pay a three billion dollar fine** put in place by the UNITED STATES Dept of Justice. Nothing has happened to Marsani - other than he has to bail out of the bank early with a bunch of money. Canada has done NOTHING to him nor any of the other risk/financial offers involved. DO...

President Donald Trump confirmed that he will impose tariffs on the European Union following what he described as unfair treatment toward the United States in trade negotiations. The announcement comes as the Trump administration prepares to implement tariffs on China, Mexico, and Canada. Trump did not mince words regarding his intentions to take action against the EU. “Am I going to impose tariffs on the European Union? Do you want the truthful answer, or should I give you a political answer? Absolutely.” “Absolutely. The European Union has treated us so terribly,” Trump stated. Trump has long criticized the EU for...

Beijing 2 Feb-RIA Novosti. China is dissatisfied with the tariffs imposed by US President Donald Trump on goods from China, Mexico and Canada. Beijing will file a lawsuit with the World Trade Organization (WTO) and take appropriate countermeasures, the Chinese Ministry of Commerce said...

Prime Minister Justin Trudeau announced late Saturday the federal government will hit back against the U.S. after President Donald Trump launched a trade war this weekend with punitive tariffs on all Canadian goods... To start, Canada will levy 25 percent tariffs on $30 billion dollars worth of American goods coming into Canada as of Tuesday. The tariffs will then be applied to $125 billion worth of American imports in three weeks' time...

MEXICO CITY, 2 Feb.-RIA Novosti. Following the introduction of tariffs by the United States, Mexican President Claudia Sheinbaum instructed Economy Minister Marcelo Ebrard to use "tariff and non-tariff measures" to protect the country's interests...

This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl. We need to protect Americans, and it is my duty as President to ensure the safety of all. I made a promise on my Campaign to stop the flood of illegal aliens and drugs from pouring across our Borders, and Americans overwhelmingly voted in favor of it.

There was a time, before 1913, when you could keep every penny you earned. You did not have to file with the federal government, telling them what you earned and giving the feds their cut. Your finances were your business and no one else’s. You had the right to earn, own, and keep property, and it was sacrosanct, guaranteed by U.S. law and tradition.Andrii Yalanskyi/ShutterstockThere were no audits, investigations, account freezes, withholdings, or any other forms of payment. There was your productivity and you and that’s all.How was the government funded? It earned revenue through tariffs. These are paid directly...