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During an interview that took place during NBC’s coverage of President Donald Trump’s speech before Congress, Sen. Adam Schiff (D-CA) responded to a question on President Donald Trump using tariffs to try to get other countries to do more about illegal immigration and fentanyl by saying that Trump’s rhetoric on the subject “reminded me that he views the whole world through the prism of victimhood.” Host Kristen Welker asked, “What about his argument, though, he says, look, these countries are taking advantage of the United States. He says that these tariffs are necessary, not just to deal with people who...

President Trump announced new tariffs on Canada and Mexico, as well as China on Monday, sending the stock market plummeting. This morning, stock prices continued to fall, with the overall market only down a couple of percentage points, although certain individual stocks have fared worse. Tesla, for example, is down more than 10 percent since Monday's tariff announcement. Legacy automakers' stock prices dropped, as well, although not nearly as sharply as Tesla's. Unfortunately for everyone connected to the auto industry in any way, the complex, international supply chain it relies on leaves the auto sector uniquely exposed, the Wall Street...

Facing the potential for tariffs on Mexican assembled autos, Honda has cancelled plans to invest in a new auto factory in Guanajuato, Mexico, beginning in November 2027. Instead, the car company will retool the Civic auto production facility in Greensburg, Indiana, keeping jobs in the USA.TOKYO, March 3 (Reuters) – Honda has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter.The change underscores how manufacturers are scrambling to adapt to U.S. President Donald Trump’s...

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order: Section 1. Amendment. Executive Order 14194 of February 1, 2025 (Imposing Duties to Address the Situation at Our Southern Border), as amended by Executive Order 14198 of February 3, 2025 (Progress on...

Ontario Premier Doug Ford said Tuesday on CNN’s “News Central” that President Donald Trump’s 25% tariff on Canada is making the stock market go “downhill faster than the American bobsled team.” Ford said, “Canadians love Americans. We love the U.S. It’s one person that’s causing these problems. I’ve talked to senators and Congress people and governors, Republicans and Democrats, not one of them agree with him. I’ve talked to business CEOs of the largest companies they totally disagree with us. President Trump ran on a mandate to lower costs, to create more jobs. This is going to do exactly the...

The premier of Canada’s most populous province threatened to retaliate and cut off energy to the US “with a smile on my face” — as President Trump’s new 25% tariffs on imports took effect Tuesday. “If they want to try to annihilate Ontario, I will do everything — including cut off their energy with a smile on my face,” Ontario Premier Doug Ford vowed Monday, the Toronto Sun reported. “They rely on our energy, they need to feel the pain. They want to come at us hard, we’re going to come back twice as hard.” The US is a major...

Canadian Prime Minister Justin Trudeau delivered a strong rebuke of President Donald Trump's decision to level punishing tariffs on their country. He cited the Wall Street Journal to criticize Trump, and call his decision 'dumb.' 'Donald, they point out that even though you are a very smart guy, this is a very dumb thing to do,' he said angrily at a press conference on Tuesday. Imports from Canada will now be taxed at 25 percent as Trump's tariffs went into effect on Tuesday. 'Today the United States launched a trade war against Canada, their closest partner and ally, and their...

Benny Johnson @bennyjohnson 🚨President Trump has a message for Governor Trudeau: 12:24 PM · Mar 4, 2025

So perhaps the best thing we can do here is to give you some context on how big a deal the imposition of tariffs here would be. The key thing to remember is that North America has been, in effect, a free trade zone for decades. Goods move back and forth across the borders so frequently that the number of crossings is almost incalculable. Consider an example highlighted by the Wall Street Journal recently. It pointed out that a piston - a component of a car component, might cross the border, back and forth between Canada and the US and...

Real yield watch/For Powell, May '26 can't come soon enough/US$ action/Other good stuff I'm sure you'll be seeing these stats all day but will mention it here just in case. In 2024, the US imported about $413b worth of goods from Canada, $505b from Mexico and $440b from China, including iPhone. From what I've seen so far, in terms of retaliation against the US, it looks like the American farmer has been specifically targeted again with tariffs on US soybeans, sorghum, pork, beef, chicken, wheat, corn and cotton too by China. The US farmer by the way also imports about...

WASHINGTON: US stocks closed sharply lower Monday (Mar 3), after President Donald Trump slapped fresh sanctions against China and levies on Mexico and Canada neared imposition, while European defence shares soared as the European Union sought increased military spending over Ukraine. The White House said Trump had signed an executive order raising tariffs on China to 20 per cent, shortly after Trump seemed to rule out any change to the planned 25 per cent tariffs against Mexico and Canada. "The tariffs, you know, they're all set, they go into effect tomorrow," Trump said at the White House when a reporter...

Doug Ford is throwing a tantrum, and he wants the whole continent to feel it. The Ontario Premier, in response to Trump’s 25% tariffs on Canadian and Mexican goods, is now vowing to cut off nickel shipments to the U.S., a move he claims will “shut down manufacturing” south of the border. And if that wasn’t enough, he’s also hinting at flipping the switch on electricity exports. Big threats, but let’s break down what’s really going on here. Nickel is no small thing—Ontario supplies about 50% of what the U.S. needs for its industries. It’s a core component in stainless...

WASHINGTON — President Trump said Monday that Canada and Mexico have “no room left” for talks to avoid a new 25% tariff — with the duty set to begin at midnight alongside a new 20% tariff on Chinese goods. “On the tariffs, is there any room left for Canada and Mexico to make a deal before midnight?” a journalist asked Trump at the White House. “No room left for Mexico or for Canada,” Trump replied. “No, the tariffs, you know, they’re all set. They go into effect tomorrow.” Trump added that the new tariff on Chinese-made goods would be 20%...

OTTAWA — As Canada prepares for U.S. President Donald Trump to unleash his trade war against Canada on Tuesday, Ontario’s ready to pull the plug. Speaking Monday at a mining convention in downtown Toronto, Ontario Premier Doug Ford doubled down on threats to cut electricity exports to U.S. border states if the tariffs go through. "If they want to try to annihilate Ontario, I will do everything — including cut off their energy with a smile on my face,” Ford told reporters. “They rely on our energy, they need to feel the pain. They want to come at us hard,...

Food prices have been on an increasingly upward trend for the past several years thanks to COVID-19 and inflation. And while U.S. tariffs against Canada and Mexico were on hold, President Donald Trump has now announced that they will go into effect on March 4, "as scheduled." The president made this announcement in a post on the social media platform Truth Social. Those 25% tariffs against Canada and Mexico were on hold after the two countries reached an agreement with the United States, but now that they're back on, your grocery budget is likely to be affected—after all, those countries...

Honda has announced it will produce its next-generation Civic hybrid in the United States instead of Mexico to avoid potential tariffs.Honda revealed that it plans to produce its next-generation Civic hybrid in Indiana.The change comes as Honda is bracing for President Trump’s proposed 25% tariffs on goods from Mexico and Canada.Honda, Japan’s second-largest automaker, originally planned to manufacture the next-generation Civic in Guanajuato, Mexico.Production is slated to begin in May 2028 with an estimated production of 210,000 Civics.Honda decided to produce its next-generation Civic hybrid in the US state of Indiana, instead of Mexico, to avoid potential tariffs on one...

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel, two sources familiar with the matter told Reuters... indicate the companies are moving closer to determining whether they will commit hundreds of millions of dollars' worth of manufacturing contracts to Intel...Advanced Micro Devices is also evaluating whether Intel's 18A manufacturing process is suitable for its needs but it was unclear if it had sent test chips through the factory...The success of Intel's contract manufacturing business, or foundry, was the centerpiece of former CEO Pat Gelsinger's plan to revive the once iconic American technology company. But the board fired Gelsinger...

Being a tariff man may come with some consequences for the US economy. That's the warning from former Trump communications director and Skybridge Capital founder Anthony Scaramucci. "I don't think this sort of blanket approach is the right way to do it, and I think he's [Trump] is going to put us into a recession, frankly," Scaramucci told me at the Bitcoin Investor Week conference. "Remember tariffs are a tax, and they're primarily a consumer tax," Scaramucci added. It's "a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is...

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:Section 1. Purpose. The production of timber, lumber, paper, bioenergy, and other wood products (timber production) is critical to our Nation’s well-being. Timber production is essential for crucial human activities like construction and energy production. Furthermore, as recent disasters demonstrate, forest management and wildfire risk reduction projects can save American lives and communities.The United States has an abundance of timber resources that are more than adequate to meet our domestic timber production needs, but heavy-handed Federal policies...

U.S. Treasury Secretary Scott Bessent said on Friday that Mexico has proposed matching U.S. tariffs on China in a move that he described as “very interesting” and one that Canada should match.