The European Union has retaliated with its own tariffs in response to President Donald Trump’s 25% tariffs on steel and aluminum products that took effect Wednesday.
Read More EU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin
U.S. inflation cooled more than expected in February, with price growth remaining well above the Federal Reserve’s goal ahead of the central bank’s policy meeting next week.
Read More U.S. Inflation Cools To 2.8% In February, Beating Expectations
Following President Trump’s threats to increase steel and aluminum tariffs on Canada to 50%, Ontario Premier Doug Ford suggested on Tuesday that they are caving, announcing that he reached an agreement with the U.S. commerce secretary to halt the 25% tax on power imports into the U.S.
Read More Canada Drops 25% Electricity Tariff Following Trump’s Retaliation Threats
The stock market took another hit today, with President Trump responding by threatening to raise tariffs on Canadian aluminum and steel by 25%, potentially reaching 50% starting Wednesday.
Read More Stock Market Plunges As Trump Doubles Down On Tariffs: Will The Pain Lead To Long-Term Gain?
Former Bank of Canada Governor Mark Carney will become the next Prime Minister in the U.S.’ neighboring country after winning the Liberal leadership race on Sunday night.
Read More Mark Carney Chosen As Liberal Leader, Set To Succeed Trudeau As Canada’s Next PM
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Read More Nasdaq falls over 3% to six-month low on growth concerns