China’s reliance on trade for growth faces fresh challenges as the United States and many other countries have raised tariffs on Chinese goods.
The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.
The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.
"Tariffs are about making America rich again and making America great again," Trump said in his address to Congress.
President Donald Trump’s whipsawing tariffs are roiling markets. Instead of worrying incessantly about a trade war, consider some alternatives: invest in companies with growth drivers intact or ways to benefit from trade turmoil.
With only weeks until spring planting on both sides of the border gets underway, Canadian and U.S. farmers, already facing low grain prices, are bracing for another economic blow: even bigger fertilizer bills amid a North American trade war.
A soft landing from inflation may still be in sight, but when Federal Reserve Chair Jerome Powell speaks in New York on Friday he will be facing a tangled set of new risks to that long-sought goal.
If tariffs evolve from a negotiating tactic to a new normal, economic and diplomatic costs to all of North America will grow.
President Donald Trump granted U.S. automakers a short reprieve from stiff new tariffs on imports from Mexico and Canada this week.
The largest department store chain in the United States, like many other retailers, have recently warned that shoppers may be more cautious in the months ahead.