President Donald Trump said Monday that 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war.
“Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters in the Roosevelt Room. Trump has said the tariffs are to force the two U.S. neighbors to step up their fight against fentanyl trafficking into the U.S.
Trump provided a one-month delay in February as both countries promised concessions. But Trump said Monday that there was “no room left for Mexico or for Canada” to avoid the steep new tariffs.
U.S. stock markets moved sharply lower after Trump’s comments.
Trump said he would also add on another 10% tariff on goods from China, on top of the initial 10% he put in place last month.
Government officials, investors and technology leaders have gathered in Tashkent for the inaugural Silk Road Fi...
Russia and Ukraine are preparing another major prisoner exchange, with officials from both sides working to fin...
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time bein...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Pakistan is stepping up efforts to protect its trade and energy supplies as the Iran war disrupts shipping through the Persian Gulf, driving up freight costs and putting pressure on key export routes.
Russia and Ukraine are preparing another major prisoner exchange, with officials from both sides working to finalise lists of people who could be released, Russia's state news agency TASS said Wednesday.
The Trump administration has temporarily suspended some visa appointment scheduling at U.S. embassies and consulates around the world as part of a new training initiative for consular staff, adding another layer to the administration's broader immigration policy overhaul.
The United States has launched what it describes as its most aggressive sanctions campaign yet against Iran, expanding secondary sanctions and targeting sectors ranging from shipping and aviation to technology and finance.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
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