Prime Minister Justin Trudeau of Canada went for a threat of immediate retaliation and a late-night emotional address that produced a cliffhanger compromise. President Claudia Sheinbaum of Mexico opted for carrots over sticks, and backroom talks that led to an early deal. In the end, when all was said and done on Monday, hours before…
China retaliated against tariffs from the United States on Tuesday with a series of measures that took aim at American companies. Along with imposing tariffs and import restrictions, the country said, it had launched an antitrust investigation into Google. The announcement of the investigation was vague — just one line on a Chinese agency’s website….
Beijing responded swiftly on Tuesday to the tariffs President Trump had promised, announcing a fusillade of countermeasures targeting American companies and imports of critical products. Mr. Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order issued over the weekend aimed at pressuring Beijing…
Canada secured a 30-day postponement in the application of U.S. tariffs on its exports just hours before they were scheduled to go into effect after a call between Prime Minister Justin Trudeau of Canada and President Donald J. Trump late Monday afternoon yielded a border deal that seemed to satisfy both sides. Mr. Trudeau had…
Europe, you’re next. That’s the latest message from President Trump, who has repeatedly said in recent days that he would slap punitive tariffs on the 27 members of the European Union. Tariffs “will definitely happen with the European Union,” Mr. Trump told the BBC Sunday evening, and they are coming “pretty soon.” He doubled down…
President Trump’s decision to impose hefty tariffs on Canada, Mexico and China included a little-noticed but significant change to how online purchases will be taxed when they enter the United States. One provision of Mr. Trump’s executive order will increase costs for more than 80 percent of U.S. e-commerce imports. The decision could shift the…
In May, the 10-country Association of Southeast Asian Nations, known as ASEAN, will meet the six Middle Eastern nations that make up the Gulf Cooperation Council. The summit’s host, Malaysia, has invited China to attend. China is also poised to update its own free-trade agreement with ASEAN, which includes Cambodia, the Philippines, Indonesia and Vietnam….
What a weekend of headlines, from tariffs on Canada, China and Mexico to Elon Musk getting inside the Treasury Department’s payment system. We have all of the details below — a cheat sheet of the whirlwind of changes that will probably affect the global economy and society. We also have lots of questions about what’s…
The Trump administration’s move to impose tariffs on Mexico sent shock waves across the country of 130 million people on Sunday, with economic sector after sector bracing for the impact of these measures. So far, Mexico has yet to provide any specifics on how it plans to hit back. But President Claudia Sheinbaum’s negotiators must…
President Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading system and a world economic order that once revolved around a U.S. economy that prized open investment and free markets. The speed and scope of the import duties that Mr. Trump unveiled in executive…