The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration's increase in tariffs on all steel and aluminum imports to 25%.
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Canada to Slam $21B Retaliatory Tariffs on US
Canada will announce $20.67 billion in retaliatory tariffs on the United States Wednesday in response to U.S. President Donald Trump's steel and aluminum tariffs, a Canadian official said.
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JPMorgan Economist Sees 40% Chance of a Recession
There is about a 40% chance of a U.S. recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan's chief economist.
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Canada's Incoming PM: Tariffs On Until Americans Show Respect
Canada's incoming prime minister Mark Carney on Tuesday called new tariffs imposed on steel and aluminum by U.S. President Donald Trump an "attack" on Canadian workers, families and businesses.
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A big inflation report is on the way Wednesday. Here's what to expect
The consumer price index for February is forecast to show an increase of 0.3% for goods and services across the largest economy in the world.
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Ontario Backs Down on Electricity Price Hikes
President Donald Trump said Tuesday that he would double his planned tariffs on steel and aluminum from 25% to 50% for Canada, a retaliation that prompted the provincial government of Ontario to back down on its planned surcharges on electricity sold to the United...
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