U.S. World Business Lifestyle
Today: May 30, 2025
Today: May 30, 2025

Trade War

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FACT FOCUS: Trump claims the US subsidizes Canada. Experts say the numbers don't add up

President Donald Trump falsely claimed during a meeting with newly-elected Canadian Prime Minister Mark Carney that the U.S. provides Canada with subsidies of about $200 billion

FACT FOCUS: Trump claims the US subsidizes Canada. Experts say the numbers don't add up
Business|Economy|Finance|World

Canadian financial system stable, but trade war poses big risks, says central bank

A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder

Canadian financial system stable, but trade war poses big risks, says central bank
Business|Economy|Finance|Political|World

FULL TEXT - Bank of Canada says trade uncertainty has pushed risks higher overall

The Bank of Canada released the following statement by Governor Tiff Macklem on Thursday: "Good morning.

FULL TEXT - Bank of Canada says trade uncertainty has pushed risks higher overall
Business|Education|Political|World

The Latest: Prime Minister Carney rebuffs Trump’s push to make Canada the 51st state

U.S. President Donald Trump and Canadian Prime Minister Mark Carney faced off in the Oval Office on Tuesday and showed no signs of retreating from their gaping differences in an ongoing trade war that has shattered decades of trust between the two countries

The Latest: Prime Minister Carney rebuffs Trump’s push to make Canada the 51st state
Arts|Business|Economy|Entertainment|Finance|Stock Markets|Technology|US

US stocks sink again as more companies detail damage they're taking because of Trump's trade war

U.S. stocks closed lower on Wall Street as AI mania loses more steam and as more companies pull their financial forecasts because of uncertainty created by President Donald Trump’s tariffs

US stocks sink again as more companies detail damage they're taking because of Trump's trade war
Arts|Asia|Business|Economy|Technology|World

Hong Kong DIY watch brand sets sights on Europe amid Trump tariffs

When Washington announced higher tariffs and the axing of a de minimis rule that allowed for low-value packages from Hong Kong and mainland China to

Hong Kong DIY watch brand sets sights on Europe amid Trump tariffs
Business|Economy|Finance|Technology

Mattel CEO confirms plans to raise prices as he calls for zero tariffs on toys

Mattel CEO confirms plans to raise prices as he calls for zero tariffs on toys

Mattel CEO confirms plans to raise prices as he calls for zero tariffs on toys
Business|Economy|Finance|Stock Markets|Technology|US|World

Barbie-maker Mattel pulls forecasts, to hike US prices as tariffs raise costs

Barbie-maker Mattel withdrew its annual financial targets on Monday and said it would increase prices for some products in the United States as Trump administration's

Barbie-maker Mattel pulls forecasts, to hike US prices as tariffs raise costs
Business|Economy|Political|US

Trump's tariffs and threatened trade actions

The United States and China on Monday agreed to temporarily slash reciprocal tariffs as the world's two biggest economies look to end a damaging trade war, which has heightened fears of a

Trump's tariffs and threatened trade actions
Arts|Business|Economy|Entertainment

Trump orders a 100% tariff on foreign movies

Trump orders a 100% tariff on foreign movies

Trump orders a 100% tariff on foreign movies
Business|Economy|Finance|Political|World

Carney expects 'difficult but constructive' talks with Trump next week

Prime Minister Mark Carney said on Friday he would be in Washington next Tuesday for what he expects will be "difficult but constructive" talks with U.S.

Carney expects 'difficult but constructive' talks with Trump next week
Business|Economy|Finance|World

Shaken and stirred

The Federal Reserve will lead a pack of central banks meeting to set interest rates after weak U.S.

Shaken and stirred
Business|Economy|Finance|Stock Markets|Technology

Apple posts stronger-than-expected Q2 results, says majority of US iPhones sold will come from India

Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business

Apple posts stronger-than-expected Q2 results, says majority of US iPhones sold will come from India
Business|Economy|Finance|Political|Stock Markets

Trump says it's Biden's economy, but businesses and economists beg to differ

When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did

Trump says it's Biden's economy, but businesses and economists beg to differ
Business|Economy|Technology

GM CEO says Trump auto tariffs could cost company $5 billion

The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year, according to a GM letter to shareholders. CNN's Erin Burnett interviews GM CEO Mary Barra about the impact of Trump's tariffs.

GM CEO says Trump auto tariffs could cost company $5 billion
Arts|Business|Economy|Entertainment|Technology|Travel|World

Tariffs are causing turbulence for Korean Air. But its CEO remains bullish

Tariffs are causing turbulence for Korean Air. But its CEO remains bullish

Tariffs are causing turbulence for Korean Air. But its CEO remains bullish
Arts|Business|Economy|Entertainment|World

Marvel's 'Thunderbolts*' to test Chinese appetite for Hollywood as trade war rages

New Disney movie Thunderbolts* is poised to test Chinese appetite for Hollywood blockbusters as it opens in cinemas around China on Wednesday, making it

Marvel's 'Thunderbolts*' to test Chinese appetite for Hollywood as trade war rages
Business|Economy|Finance|Travel|World

Hilton cuts 2025 revenue growth forecast as travel demand softens

Hilton Worldwide cut its forecast for 2025 room revenue growth on Tuesday, becoming the first U.S.-based hotel operator to temper its outlook as consumer spending on travel takes a hit from

Hilton cuts 2025 revenue growth forecast as travel demand softens
Business|Economy|World

More than 200 lawsuits and many judicial setbacks in Trump's first 100 days

Key parts of Donald Trump's agenda have met resistance in court from federal judges, who have issued more than 70 rulings impeding the Republican president's efforts on a range of issues.

More than 200 lawsuits and many judicial setbacks in Trump's first 100 days
Business|Economy|Finance|Technology

US aviation industry slammed by tariffs, seeks exemptions

The U.S. aviation industry, reeling from President Donald Trump's trade war and a slump in travel demand, is lobbying the White House for exemptions from

US aviation industry slammed by tariffs, seeks exemptions
Business|Economy|Political|World

Japan is a test case for Trump's tariff deals. But talks may be tortuous

When Tokyo's top trade negotiator met U.S.

Japan is a test case for Trump's tariff deals. But talks may be tortuous
Asia|Business|Economy|World

China vows in Politburo meeting to support firms, workers affected by tariffs

China's top policymakers pledged to support firms and workers most affected by the impact of triple-digit U.S. tariffs and urged the country to prepare for worst-case scenarios,

China vows in Politburo meeting to support firms, workers affected by tariffs
Business|Economy|Finance|Stock Markets|Technology|US

Whoah, we're halfway there

What matters in U.S. and global markets today, by Alun John, EMEA Breaking News Correspondent, finance and markets  Wall Street looks set for another up day, thanks to above-

Whoah, we're halfway there
Asia|Business|Economy|Technology|World

Safran says China to exempt jet engines and parts from tariffs

China has decided to grant exemptions from import tariffs for some aircraft parts, including jet engines, the head of French engine maker Safran said on

Safran says China to exempt jet engines and parts from tariffs
Business|Economy|Technology|US|World

Apple moving to make most iPhones for US in India rather than China, source says

Apple aims to make most of its iPhones sold in the United States at factories in India by the end of 2026, and is speeding up those plans to navigate

Apple moving to make most iPhones for US in India rather than China, source says
Business|Economy|Finance|Political|US

CEO who voted for Trump made a public warning about his trade war

Citadel CEO Ken Griffin, a billionaire supporter of President Donald Trump and a megadonor to Republican candidates, had some unusually harsh words for the president about his trade war.

CEO who voted for Trump made a public warning about his trade war
Business|Economy|Political|US

Trump outlines what ‘total victory’ looks like in his trade war. It’ll cost you

Trump outlines what ‘total victory’ looks like in his trade war. It’ll cost you

Trump outlines what ‘total victory’ looks like in his trade war. It’ll cost you
Asia|Business|Economy|Technology|US|World

China quietly rolls back retaliatory tariffs on some US-made semiconductors, import agencies say

China quietly rolls back retaliatory tariffs on some US-made semiconductors, import agencies say

China quietly rolls back retaliatory tariffs on some US-made semiconductors, import agencies say
Business|Economy|Stock Markets|Technology

Intel offers weak forecast amid trade tensions as CEO talks to TSMC

By Max A.

Intel offers weak forecast amid trade tensions as CEO talks to TSMC
Business|Economy|Finance|US

Treasury secretary: China needs to change

Treasury Secretary Scott Bessent said it’s crucial for China to change its economic structure. His comments come one day after he said he expects de-escalation with regard to the trade war with China.

Treasury secretary: China needs to change
Business|Economy|Finance|World

Trump refutes China's claim of no trade talks

President Donald Trump asserted on Thursday that trade talks between the U.S. and China are underway, pushing back against Chinese claims that

Trump refutes China's claim of no trade talks
Business|Economy|Finance|Stock Markets|US

P&G looks to raise prices as tariffs hit costs and force forecast cuts

Pampers maker Procter & Gamble said on Thursday it would raise prices on some products to cover the impact on input costs from the trade war and

P&G looks to raise prices as tariffs hit costs and force forecast cuts
Business|Economy|Health|Political

Roche seeks US tariff relief in direct talks with Trump administration

Swiss drugmaker Roche is petitioning the U.S. government in direct talks for import tariff exemptions, arguing the products it ships into the United States are offset by

Roche seeks US tariff relief in direct talks with Trump administration
Business|Economy|Political|US|World

Trump trade war spreads more gloom across businesses worldwide

Businesses across multiple industries are hiking prices, backing away from previous financial guidance and warning of

Trump trade war spreads more gloom across businesses worldwide
Business|Economy|Political

Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds

An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering

Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds
Business|Economy|Finance|Stock Markets|US

One of Trump’s billionaire supporters has harsh words for the president about his trade war

One of Trump’s billionaire supporters has harsh words for the president about his trade war

One of Trump’s billionaire supporters has harsh words for the president about his trade war
Business|Economy|Finance|Stock Markets

Dour sentiment readings threaten relief rally

A look at the day ahead in European and global markets from Rocky Swift Europe's souring business sentiment looks likely to put stocks on the defensive on Thursday, as President Donald Trump's erratic

Dour sentiment readings threaten relief rally
Business|Economy|Finance|US|World

Japan urges G20 to stabilise markets, warns of US tariff damage

Japanese Finance Minister Katsunobu Kato on Wednesday urged G20 counterparts to cooperate in stabilising markets, warning that U.S. tariffs and countermeasures

Japan urges G20 to stabilise markets, warns of US tariff damage
Asia|Business|Economy|Finance|World

Fitch watching 'quite closely' how South Korea manages geopolitical challenges

Global credit ratings agency Fitch said it was "quite closely" watching how South Korea manages geopolitical challenges amid a global trade war between

Fitch watching 'quite closely' how South Korea manages geopolitical challenges
Asia|Business|Economy|Technology|US|World

Boeing poised to resell jets as tariffs hit China trade

Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to

Boeing poised to resell jets as tariffs hit China trade
Africa|Economy|Political|World

Kenyan president vows closer ties to China during visit amid Trump's trade war

Kenyan President William Ruto pledged to build closer ties with China on Thursday, a day after saying a global trade war triggered by Washington could deal a “death blow” to the current world order

Kenyan president vows closer ties to China during visit amid Trump's trade war
Economy|Political|Technology|US|World

From banning tech to ending sister-city ties, US states have at least 240 anti-China proposals

State lawmakers across the U.S. have introduced at least 240 anti-China proposals this year

From banning tech to ending sister-city ties, US states have at least 240 anti-China proposals
Economy|Political|US|World

Days before Canada's election, Trump insists that Canada needs the US more than the US needs it

President Donald Trump says Canada would “cease to exist” if it weren’t for the United States

Days before Canada's election, Trump insists that Canada needs the US more than the US needs it
Economy|Political|US|World

The Latest: US stocks are leaping amid a worldwide rally

US stocks are leaping amid a worldwide rally after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and his Treasury Secretary Scott Bessent said he expects a “de-escalation” in what he called an unsustainable tariffs showdown against China

The Latest: US stocks are leaping amid a worldwide rally
Business|Economy|US|World

China, US seek to portray each other as bullies at UN

China and the United States accused each other of unfair trade practices at an informal United Nations Security Council meeting on Wednesday, seeking to

China, US seek to portray each other as bullies at UN
Business|Economy|Political|US

Trump was warned of empty shelves and financial turmoil from tariffs and firing Powell. His U-turn pushed stocks higher

Trump was warned of empty shelves and financial turmoil from tariffs and firing Powell. His U-turn pushed stocks higher

Trump was warned of empty shelves and financial turmoil from tariffs and firing Powell. His U-turn pushed stocks higher
Business|Economy|Finance|Political|Stock Markets|US

Citadel's Griffin says Trump needs to be careful about Treasuries' brand

Citadel's founder and CEO Kenneth Griffin said on Wednesday that U.S.

Citadel's Griffin says Trump needs to be careful about Treasuries' brand
Business|Economy|Finance|Stock Markets|US

Wall Street ends higher on hopes of trade war de-escalation

Wall Street stocks advanced on Wednesday on revived hopes for progress in the U.S.-China trade dispute and as President Donald Trump soothed fears the Federal

Wall Street ends higher on hopes of trade war de-escalation
Business|Economy|Technology|US|World

America’s biggest exporter was already on the ropes. Then came tariffs

America’s biggest exporter was already on the ropes. Then came tariffs

America’s biggest exporter was already on the ropes. Then came tariffs