US Trade War

President Donald Trump had earlier hinted at the move in response to bans on US alcohol products by several Canadian provinces

The United States is banning dairy products, most alcoholic beverages and motorcycles from Canada, the White House said on Tuesday, as the trade war between the two nations escalates. The ban will take effect in three weeks and comes after Canada imposed retaliatory tariffs on USD 20 billion in US imports earlier Tuesday. US President Donald Trump on Tuesday moved to shut Canadian products out of large, long-term US government contracts as Canada's retaliatory tariffs took effect and Prime Minister Mark Carney vowed to speed efforts to reduce the country's dependence on the United States. Trump directed the US General Services Administration to declare Canadian products ineligible for those contracts until Canada allows "full and fair reciprocity" for American products. Earlier on Tuesday, Carney said Canada's strategy was about becoming more independent. "It's about ensuring that no country can hold us hostage. And that we can live how we want to live." Canada is exploring ties w

Trump and Carney were close to a possible deal, but talks broke down late Friday, and 50% tariffs on about $20 billion in Canadian goods came into effect just after midnight

Markets had discounted the bad news with select pockets seeing a dip of over 15 per cent, which have recovered partially now, Arora of Helios Capital said.

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

Everything, it seems, is now a bargaining chip, as the Trump administration keeps reversing itself

Bailey called for greater cooperation between countries, particularly the US and China to resolve unsustainable trade and financial imbalances

A group of small businesses that won an order finding President Donald Trump's sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies

Significant volatility in the second quarter had global benchmark Brent crude futures dropping to a four-year low of $60.23 a barrel on May 5 and then surging to $78.85 on June 19

Middle-power countries such as India now recognize that even US friendship may not protect them from tariffs, making them less willing to ally themselves fully with the United States

IMF's Gita Gopinath says emerging market central banks face more complex challenges amid Trump tariff shocks, capital flight risk and rate dilemmas

US-China truce in jeopardy as Washington and Beijing trade accusations over Geneva trade agreement violations

While Trump did not name countries, he suggested trade deals may be finalised within weeks as talks progress with several nations including India amid tariff tensions and slowdown fears

The world's two largest economies have slapped tit-for-tat import tariffs on each other and uncertainty around the state of negotiations between the two has kept markets on edge

Retail, manufacturing, and coastal economies brace for impact as US-China trade tensions escalate

At the very least, there might be things India can make for the US markets that the Chinese can't compete with, given these tariffs

White House backs down on reciprocal tariff measures. Was Trump's sudden tariff reversal a calculated move or a sign of miscalculation by the administration?

John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased storage for his photography work and had his sights set on a product from a Taiwanese brand. Then President Donald Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear. I thought I'd bite the bullet, buy it now, and then that way I'll have the latest technology on my laptop and don't have to worry about the tariffs, he said. Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth. The White House hopes the tariffs prod countries to open their economies to more Ameri

While border issues remain, Trump's tariff war seen as influencing the neighbours' relationship

Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump's prior 25 per cent fentanyl-related duties remain in place on their goods